Seres Therapeutics Inc (NASDAQ: MCRB): Analyst View Points To Future Growth

Seres Therapeutics Inc (MCRB) concluded trading on Thursday at a closing price of $0.92, with 11.97 million shares of worth about $11.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.72% during that period and on September 25, 2024 the price saw a loss of about -17.54%. Currently the company’s common shares owned by public are about 135.04M shares, out of which, 120.71M shares are available for trading.

Stock saw a price change of -12.83% in past 5 days and over the past one month there was a price change of 4.61%. Year-to-date (YTD), MCRB shares are showing a performance of -34.62% which decreased to -62.02% 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 $2.65 during that period. The average intraday trading volume for Seres Therapeutics Inc shares is 3.88 million. The stock is currently trading -5.52% below its 20-day simple moving average (SMA20), while that difference is down -12.24% for SMA50 and it goes to -7.62% 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 30.16% of that.

The stock has a current market capitalization of $139.47M and its 3Y-monthly beta is at 2.02. 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 11.73% while standing at 13.56% over the month.

Stock’s fiscal year EPS is expected to rise by 11.26% while it is estimated to increase by 23.40% 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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