Synlogic Inc. (NASDAQ: SYBX) stock jumped 1.71% on Wednesday to $0.57 against a previous-day closing price of $0.56. With 89776.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.31 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.5800 whereas the lowest price it dropped to was $0.5420. The 52-week range on SYBX shows that it touched its highest point at $1.35 and its lowest point at $0.45 during that stretch. It currently has a 1-year price target of $5.62. Beta for the stock currently stands at 1.01.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SYBX was up-trending over the past week, with a rise of 1.05%, but this was down by -0.87% over a month. Three-month performance dropped to -28.73% while six-month performance fell -14.22%. The stock lost -52.89% in the past year, while it has lost -25.00% so far this year. A look at the trailing 12-month EPS for SYBX yields -0.93 with Next year EPS estimates of -0.87. For the next quarter, that number is -0.23. This implies an EPS growth rate of 15.70% for this year and 0.00% for next year.
Float and Shares Shorts:
At present, 69.07 million SYBX shares are outstanding with a float of 63.70 million shares on hand for trading. On May 14, 2023, short shares totaled 0.7 million, which was 1.02% higher than short shares on Apr 13, 2023. In addition to Dr. Aoife M. Brennan BAO, BCh, M.D., MB, MMSc as the firm’s Pres, CEO & Director, Mr. Michael Jensen serves as its Chief Financial Officer.
Through their ownership of 51.32% of SYBX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 20.78% of SYBX, in contrast to 16.70% held by mutual funds. Shares owned by individuals account for 14.24%. As the largest shareholder in SYBX with 15.62% of the stake, Fidelity Management & Research Co holds 10,577,970 shares worth 10,577,970. A second-largest stockholder of SYBX, Alyeska Investment Group LP, holds 2,520,514 shares, controlling over 3.72% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SYBX, holding 2,227,422 shares or 3.29% stake. With a 3.31% stake in SYBX, the Fidelity Growth Company Fund is the largest stakeholder. A total of 2,240,490 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.25% of SYBX stock, is the second-largest Mutual Fund holder. It holds 1,521,748 shares valued at 0.81 million. Fidelity VIP – Growth Portfolio holds 1.76% of the stake in SYBX, owning 1,192,500 shares worth 0.63 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SYBX reported revenue of $152.00k and operating income of -$16.02M. The EBITDA in the recently reported quarter was -$15.19M and diluted EPS was -$0.22.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SYBX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SYBX analysts setting a high price target of $8.00 and a low target of $4.00, the average target price over the next 12 months is $5.63. Based on these targets, SYBX could surge 1303.51% to reach the target high and rise by 601.75% to reach the target low. Reaching the average price target will result in a growth of 887.72% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded SYBX stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 28,033 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 0 while 28,033 shares were sold.