Analysts Update Their Price Forecasts For Seres Therapeutics Inc (MCRB)

Seres Therapeutics Inc (MCRB) concluded trading on Thursday at a closing price of $0.90, with 3.6 million shares of worth about $3.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.89% during that period and on September 05, 2024 the price saw a gain of about 9.80%. Currently the company’s common shares owned by public are about 135.04M shares, out of which, 120.52M shares are available for trading.

Stock saw a price change of 11.28% in past 5 days and over the past one month there was a price change of -10.89%. Year-to-date (YTD), MCRB shares are showing a performance of -35.71% which decreased to -74.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.54 but also hit the highest price of $3.67 during that period. The average intraday trading volume for Seres Therapeutics Inc shares is 3.89 million. The stock is currently trading 4.59% above its 20-day simple moving average (SMA20), while that difference is down -9.58% for SMA50 and it goes to -9.67% lower than SMA200.

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Seres Therapeutics Inc (NASDAQ: MCRB) currently have 135.04M outstanding shares and institutions hold larger chunk of about 30.17% of that.

The stock has a current market capitalization of $137.14M and its 3Y-monthly beta is at 2.01. It has posted earnings per share of -$1.18 in the same period. It has Quick Ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCRB, volatility over the week remained 9.20% while standing at 9.25% over the month.

Stock’s fiscal year EPS is expected to rise by 11.24% while it is estimated to increase by 23.42% 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 Oppenheimer on June 26, 2023 offering an Outperform rating for the stock and assigned a target price of $12 to it. Coverage by JP Morgan stated Seres Therapeutics Inc (MCRB) stock as a Neutral in their note to investors on April 21, 2023, suggesting a price target of $7 for the stock. On July 23, 2021, Goldman Downgrade their recommendations, while on May 18, 2021, Goldman Resumed their ratings for the stock with a price target of $24. Stock get a Buy rating from Chardan Capital Markets on March 05, 2021.

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