It makes sense and dollars to buy Sana Biotechnology Inc (SANA) stock

With 2.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.32 million shares. The 52-week range on SANA shows that it touched its highest point at $10.50 and its lowest point at $1.26 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 1.75.

Price Performance and Earnings:

Three-month performance dropped to -46.06% while six-month performance fell -51.14%. The stock lost -82.52% in the past year, while it has gained 4.91% so far this year. A look at the trailing 12-month EPS for SANA yields -1.17 with Next year EPS estimates of -0.78. For the next quarter, that number is -0.22. This implies an EPS growth rate of 25.01% for this year and 10.29% for next year. EPS is expected to grow by 11.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.60%.

Float and Shares Shorts:

At present, 223.92 million SANA shares are outstanding with a float of 125.40 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SANA since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.12821 being high and -$1.25357 being low. For SANA, this leads to a yearly average estimate of -$1.18607.