Sarcos Technology and Robotics Corporation (NASDAQ:STRC) traded with an addition of $0.13 to $0.80 on Thursday, an upside of 19.40 percent. An average of 510,142 shares of common stock have been traded in the last five days. There was a gain of $0.0967 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 188,706 shares traded, while the 50-day average volume stands at 308,530.
STRC stock has decreased by -25.23% in the last month. The company shares reached their 1-month lowest point of $0.6500 on 09/27/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $0.65 and a high of $14.76 in 52 weeks. It has reached a new high 4 times so far this year and lost -76.25% or -$2.5574 in price. In spite of this, the price is down -94.58% from the 52-week high.
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Valuation Metrics
Sarcos Technology and Robotics Corporation (STRC) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 2.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.44, the price-to-book (PB) ratio at 0.21.
Financial Health
The quick ratio of Sarcos Technology and Robotics Corporation for the three months ended June 29 was 8.42, and the current ratio was 8.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.13 for the quarter ending June 29. Sarcos Technology and Robotics Corporation’s EBITDA margin for the year ending June 29 is -708.42%, while its operating margin for the same period stands at -697.94%. Its gross profit as reported stood at $2.96 million compared to revenue of $14.57 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$28.66 million in the quarter, while revenues of -$21.48 million were grew 19.33%. The analyst consensus anticipated Sarcos Technology and Robotics Corporation’s latest quarter earnings to come in at -$0.71 per share, but it turned out to be -$0.86, a -21.10% surprise. For the quarter, EBITDA amounted to -$29.39 million. Shareholders own equity worth $25.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sarcos Technology and Robotics Corporation (STRC) price momentum. RSI 9-day as of the close on 27 September was 46.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 109.85%.
As of today, STRC’s price is $0.7102 +13.55% or $0.0967 from its 5-day moving average. STRC is currently trading -26.33% lower than its 20-day SMA and -66.23% lower than its 100-day SMA. However, the stock’s current price level is -46.68% below the SMA50 and -82.90% below the SMA200.
The stochastic %K and %D were 16.38% and 7.50%, respectively, and the average true range (ATR) was 0.0859. With the 14-day stochastic at 40.10% and the average true range at 0.0938, the RSI (14) stands at 38.23%. The stock has reached 0.0033 on the 9-day MACD Oscillator while the 14-day reading was at -0.0662.
Analyst Ratings
The consensus rating for Sarcos Technology and Robotics Corporation (STRC) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell STRC, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is STRC’s price target for the next 12 months?
Analysts predict a range of price targets between $1.15 and $2.00, with a median target of $1.58. Taking a look at these predictions, the average price target given by analysts for Sarcos Technology and Robotics Corporation (STRC) stock is $1.58.
