The stock of Science 37 Holdings Inc. (NASDAQ:SNCE) decreased by -$0.08 on Friday to finish at $0.36, down -18.18 percent. The last five days have seen an average of 14,458,914 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.0417. The average number of shares traded over the last 20 days was 3,820,298, while the average volume over the last 50 days totaled 1,910,837.
SNCE stock appreciated 63.56% since last month. On 07/18/23, the company’s shares reached a one-month low of $0.2100. The stock touched a high of $2.10 on 02/02/23, after rallying from a low of $0.19 in 52 weeks. The price of SNCE stock has declined by -13.29% or -$0.0417 this year, reaching a new high 8 times. Still, the stock price is down -82.82% from the 52-week high.
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Insider Transactions
SNCE stock investors should be aware that Science 37 Holdings Inc. (SNCE) stock had its last reported insider trading activity 270 days ago on Nov 17. On Nov 17, Chief Legal Officer Pellizzari Christine A acquired 5,000 shares at $0.81 each. This transaction resulted in the insider spending $4,032.
Valuation Metrics
Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.92, the price-to-book (PB) ratio of 0.68.
Financial Health
For the three months ended June 29, Science 37 Holdings Inc.’s quick ratio was 4.60, while its current ratio was 4.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 26.10% percent. Based on annual data, it had gross profit of $15.87 million and revenue of $70.15 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SNCE’s return on assets (ROA) during the last 12 months has been -106.50%. There was a -156.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -135.50%.
Earnings Surprise
According to Science 37 Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $19.28 million, while revenues rose by 100.0% to $18.69 million. It was predicted that Science 37 Holdings Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.12, beating the consensus by 41.70%. EBITDA was -$20.26 million for the quarter. At the end of Science 37 Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 24.71 million, while its total debt was $1.03 million. Equity owned by shareholders amounts to $117.11 million.
Technical Picture
Here’s a quick look at Science 37 Holdings Inc.’s (SNCE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 54.38%, suggesting the stock is Neutral, with a 343.66% historical volatility rate.
The stochastic %K and %D were 55.84% and 64.89% respectively, while the average true range (ATR) was 0.0849. Based on the 14-day stochastic reading of 32.95%, the RSI (14) reading is 55.79%. On the 9-day MACD Oscillator, the stock is at 0.1115, and the 14-day reading is at 0.1420.
Analyst Ratings
Analysts have assigned Science 37 Holdings Inc. (SNCE) an Overweight rating. SNCE is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is SNCE’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $2.50, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Science 37 Holdings Inc. (SNCE) is $1.88.
