As of Wednesday close, SomaLogic Inc.’s (NASDAQ:SLGC) stock was up $0.14, moving up 6.76 percent to $2.21. The average number of shares traded per day over the past five days has been 1,187,340 shares. 2 times new highs have been achieved over the past 5 days, with a $0.13 gain in that time frame. In the last twenty days, the average volume was 1,037,095, while in the previous 50 days, it was 1,027,196.
Since last month, SLGC stock retreated -7.53%. Shares of the company fell to $1.92 on 08/21/23, the lowest level in the past month. A 52-week high of $4.08 was reached on 02/02/23 after having rallying from a 52-week low of $1.92. Since the beginning of this year, SLGC’s stock price has dropped by -11.95% or -$0.30, and marked a new high 9 times. However, the stock has declined by -45.83% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.69. Besides these, the trailing price-to-sales (P/S) ratio of 4.08, the price-to-book (PB) ratio of 0.80.
Financial Health
In the three months ended June 29, SomaLogic Inc.’s quick ratio stood at 15.90, while its current ratio was 16.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 52.50% percent. Based on annual data, SLGC earned $54.3 million in gross profit and brought in $97.67 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -31.10%. Return on equity (ROE) for the past 12 months was -25.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SLGC’s revenue rose 30.92% to $20.38 million during the quarter, while net income inched up to $20.47 million. While analysts expected SomaLogic Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 13.30%. During the quarter, the company generated -$29.8 million in EBITDA. The liabilities of SomaLogic Inc. were 70.59 million at the end of its most recent quarter ended June 29, and its total debt was $3.31 million. The value of shareholders’ equity is $188.07 million.
Technical Picture
This quick technical analysis looks at SomaLogic Inc.’s (SLGC) price momentum. With a historical volatility rate of 47.91%, the RSI 9-day stood at 62.61% on 30 August.
With respect to its five-day moving average, the current SomaLogic Inc. price is up by +6.25% percent or $0.13. At present, SLGC shares trade +2.31% above its 20-day simple moving average and -19.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.49% below its SMA50 and -25.59% below its SMA200.
Stochastic coefficient K was 38.58% and Stochastic coefficient D was 26.84%, while ATR was 0.12. Given the Stochastic reading of 64.04% for the 14-day period, the RSI (14) reading has been calculated as 55.03%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.05.
Analyst Ratings
Stifel launched its rating on SomaLogic Inc. (NASDAQ: SLGC) to a Buy in a note to investors on February 01, 2022. SomaLogic Inc. (SLGC) has been rated Buy by analysts. According to 0 brokerage firms, SLGC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SomaLogic Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $3.50 – $7.00. Based on these forecasts, analysts predict SomaLogic Inc. (SLGC) will achieve an average price target of $5.63.
