Investors Should Take Note Of Sana Biotechnology Inc (SANA)

Sana Biotechnology Inc (SANA) concluded trading on Thursday at a closing price of $5.71, with 2.23 million shares of worth about $12.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.42% during that period and on August 22, 2024 the price saw a gain of about 7.74%. Currently the company’s common shares owned by public are about 197.86M shares, out of which, 120.93M shares are available for trading.

Stock saw a price change of 14.43% in past 5 days and over the past one month there was a price change of -6.70%. Year-to-date (YTD), SANA shares are showing a performance of 39.95% which increased to 1.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.74 but also hit the highest price of $12.00 during that period. The average intraday trading volume for Sana Biotechnology Inc shares is 1.78 million. The stock is currently trading 8.84% above its 20-day simple moving average (SMA20), while that difference is up 2.17% for SMA50 and it goes to -13.24% lower than SMA200.

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Sana Biotechnology Inc (NASDAQ: SANA) currently have 197.86M outstanding shares and institutions hold larger chunk of about 51.05% of that.

The stock has a current market capitalization of $1.27B and its 3Y-monthly beta is at 1.44. It has posted earnings per share of -$1.15 in the same period. It has Quick Ratio of 5.20 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SANA, volatility over the week remained 5.75% while standing at 8.07% over the month.

Stock’s fiscal year EPS is expected to rise by 17.60% while it is estimated to increase by 3.17% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Rodman & Renshaw on June 26, 2024 offering a Buy rating for the stock and assigned a target price of $16 to it. Coverage by H.C. Wainwright stated Sana Biotechnology Inc (SANA) stock as a Buy in their note to investors on January 16, 2024, suggesting a price target of $12 for the stock. On September 25, 2023, JMP Securities Initiated their recommendations, while on September 05, 2023, Citigroup Initiated their ratings for the stock with a price target of $8. Stock get a Market perform rating from TD Cowen on August 14, 2023.

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