With 197.86M Outstanding Shares, Can Sana Biotechnology Inc (NASDAQ: SANA) Deliver Big Short-Term Gains?

Sana Biotechnology Inc (NASDAQ:SANA) currently has a daily average trading volume of 1.35M but it saw 2711698 shares traded in last market. With a market cap of 689.65M USD, the company’s current market price of $3.10 came falling about -9.09 while comparing to the previous closing price of $3.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.00 and as low as $2.85. In the recent trading on the day, stock has struck highest price mark of $3.03 while lowest mark touched by it was $3.45.

Taking a look at 20-day trading activity of Sana Biotechnology Inc (SANA) gives us an average price of $3.80, while its current price level is -74.17% below from 52-week high level whereas it is 8.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.27 while that of 200 days or SMA-200 reads an average of $6.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.50% during that period while stretching the period over a month that decreases to 7.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 30.37 which implies that the stock is in neutral territory.

H.C. Wainwright issued its recommendations for the stock as it upgraded the price target for the stock is $12.

Over the week, SANA’s stock price is moving -11.43% down while it is -22.31% when we observe its performance for the past one month. Year-to-date it is -24.02% down and over the past year, the stock is showing a downside performance of -20.10%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.02 beat the consensus estimate of -0.45 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-07, for which analysts forecasted an EPS of -0.25 while estimate for next year EPS is -1.17.

Currently, Sana Biotechnology Inc’s total number of outstanding shares is 197.86M. Company’s return on investment (ROI) stands at -57.19% and return on equity (ROE) at -70.51%. Stock’s beta reads 1.43. Stock has a price to book (P/B) ratio of 2.03. Its return on asset (ROA) is -36.94% on average.