Schrodinger Inc (NASDAQ:SDGR) saw a downside of -2.35% to close Friday at $29.03 after subtracting -$0.7 on the day. The 5-day average trading volume is 807,400 shares of the company’s common stock. It has gained $32.29 in the past week and touched a new high 1 time within the past 5 days. An average of 608,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 950,484.
SDGR’s 1-month performance is -23.50% or -$7.39 on its low of $28.66 reached on 09/22/23. The company’s shares have touched a 52-week low of $15.85 and high of $59.24, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, SDGR has achieved 55.32% or $10.34 and has reached a new high 28 times. However, the current price is down -51.00% from the 52-week high price.
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Insider Transactions
SDGR stock investors last saw insider trading activity on Aug 09.Lorton Kenneth Patrick (EVP & Chief Technology Officer) most recently sold 10,000 shares at $40.06 per share on Aug 09. This transaction cost the insider $400,642. EVP, CLO & CPO, Tran Yvonne, sold 12,040 shares at a price of $50.00 on Jun 30. Then, on May 23, EVP & Chief Technology Officer Lorton Kenneth Patrick sold 10,000 shares at a price of $40.06 per share. This transaction amounted to $400,587.
Valuation Metrics
SDGR stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.77 while the price-to-book (PB) in the most recent quarter is 3.41, with the price to cash flow ratio at 65.27.
Schrodinger Inc’s quick ratio for the period ended June 29 was 5.54, with the current ratio over the same period at 5.54. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.20. In terms of profitability, the gross margin trailing 12 months is 59.29%. The trailing 12-month EBITDA margin is -78.73% while for the period ending June 29, Schrodinger Inc’s operating margin was -85.83%. The firm’s gross profit as reported stood at $101.02 million against revenue of $180.96 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1214.25% to $4.28 million, while revenue of $129.14 million was -2917.29% off the previous quarter. Analysts expected SDGR to announce -$0.47 per share in earnings in its latest quarter, but it posted $0.06, representing a 112.80% surprise. EBITDA for the quarter stood at more than -$59.97 million. SDGR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 230.34 million, with total debt at $121.24 million. Shareholders hold equity totaling $71.88 million.
Let’s look briefly at Schrodinger Inc (SDGR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 12.25% to suggest the stock is trending oversold, with historical volatility in this time period at 12.81%.
The stock’s 5-day moving average is $30.49, reflecting a -12.11% or -$4.00 change from its current price. SDGR is currently trading -18.68% above its 20-day SMA, -5.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -46.25% and SMA200 by+76.15%.
Stochastic %K and %D was 2.67% and 3.44% and the average true range (ATR) pointed at 1.44. The RSI (14) points at 22.26%, while the 14-day stochastic is at 4.65% with the period’s ATR at 1.63. The stock’s 9-day MACD Oscillator is pointing at -1.90 and -3.02 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for SDGR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SDGR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is SDGR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $31.00 and a high of $80.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for Schrodinger Inc (SDGR) stock is $56.44.
