Schrodinger Inc (NASDAQ: SDGR) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 62.98M common shares owned by the public and among those 62.04M shares have been available to trade.

The company’s stock has a 5-day price change of 5.84% and -2.28% over the past three months. SDGR shares are trading -41.26% year to date (YTD), with the 12-month market performance down to -42.76% lower. It has a 12-month low price of $18.02 and touched a high of $38.00 over the same period. SDGR has an average intraday trading volume of 698.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.29%, 2.06%, and -18.03% respectively.

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Institutional ownership of Schrodinger Inc (NASDAQ: SDGR) shares accounts for 83.82% of the company’s 62.98M shares outstanding.

It has a market capitalization of $1.53B and a beta (3y monthly) value of 1.51. The earnings-per-share (ttm) stands at -$2.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.91% over the week and 5.30% over the month.

Analysts forecast that Schrodinger Inc (SDGR) will achieve an EPS of -0.58 for the current quarter, -0.34 for the next quarter and -2.49 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.85 while analysts give the company a high EPS estimate of -0.85. Comparatively, EPS for the current quarter was -0.86 a year ago. Earnings per share for the fiscal year are expected to decrease by -549.76%, and 3.18% over the next financial year.

Looking at the support for the SDGR, a number of firms have released research notes about the stock. Leerink Partners stated their Outperform rating for the stock in a research note on July 02, 2024, with the firm’s price target at $29. KeyBanc Capital Markets coverage for the Schrodinger Inc (SDGR) stock in a research note released on December 05, 2023 offered a Overweight rating with a price target of $38. Piper Sandler was of a view on May 05, 2023 that the stock is Overweight, while Goldman gave the stock Neutral rating on December 19, 2022, issuing a price target of $23. Citigroup on their part issued Buy rating on March 01, 2022.

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