Syros Pharmaceuticals Inc (NASDAQ: SYRS): Think Like A Lender, Not An Investor

Syros Pharmaceuticals Inc (NASDAQ:SYRS) currently has a daily average trading volume of 7.51M but it saw 5297828 shares traded in last market. With a market cap of 6.98M USD, the company’s current market price of $0.26 came falling about -10.34 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.17 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.26 while lowest mark touched by it was $0.2898.

Taking a look at 20-day trading activity of Syros Pharmaceuticals Inc (SYRS) gives us an average price of $1.7197, while its current price level is -96.82% below from 52-week high level whereas it is 42.08% 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 $1.8879 while that of 200 days or SMA-200 reads an average of $4.3454. A closer look into the stock’s movement over the week reveals that its volatility is standing at 36.01% during that period while stretching the period over a month that decreases to 21.29%. 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 28.68 which implies that the stock is in oversold territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which upgraded the stock as “Buy” in its note to investors issued on November 04, 2020, recommending a price target of between $11 and $15 for it.

Over the week, SYRS’s stock price is moving -5.49% down while it is -88.44% when we observe its performance for the past one month. Year-to-date it is -96.66% down and over the past year, the stock is showing a downside performance of -91.03%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -2.22 beaten by the consensus estimate of -1.12 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.71 while estimate for next year EPS is -1.57. Moreover, analysts are in estimates of $450k for current-quarter revenue.

Currently, Syros Pharmaceuticals Inc’s total number of outstanding shares is 26.45M with 1.38% of that held by the insiders while 75.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -210.27% and return on equity (ROE) at -776.96%. Stock’s beta reads 1.45. Stock has a price to sale or P/S ratio amounts to 17.90. Its return on asset (ROA) is -84.04% on average.