Seer Inc (NASDAQ: SEER)’s stock price has decreased by -7.62 compared to its previous closing price of 2.23. However, the company has seen a -4.63% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Seer, Inc. (SEER) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.38 per share a year ago.
Is It Worth Investing in Seer Inc (NASDAQ: SEER) Right Now?
Moreover, the 36-month beta value for SEER is 1.54. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SEER is 46.43M and currently, short sellers hold a 5.95% of that float. On May 10, 2024, SEER’s average trading volume was 523.59K shares.
SEER’s Market Performance
SEER’s stock has seen a -4.63% decrease for the week, with a 17.05% rise in the past month and a 15.73% gain in the past quarter. The volatility ratio for the week is 4.76%, and the volatility levels for the past 30 days are at 7.18% for Seer Inc The simple moving average for the past 20 days is 7.43% for SEER’s stock, with a -2.07% simple moving average for the past 200 days.
Analysts’ Opinion of SEER
Many brokerage firms have already submitted their reports for SEER stocks, with JP Morgan repeating the rating for SEER by listing it as a “Neutral.” The predicted price for SEER in the upcoming period, according to JP Morgan is $10 based on the research report published on July 05, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see SEER reach a price target of $6.50, previously predicting the price at $9. The rating they have provided for SEER stocks is “Underperform” according to the report published on January 04th, 2023.
JP Morgan gave a rating of “Neutral” to SEER, setting the target price at $12 in the report published on August 11th of the previous year.
SEER Trading at 8.84% from the 50-Day Moving Average
After a stumble in the market that brought SEER to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.54% of loss for the given period.
Volatility was left at 7.18%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares surge +19.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.44% upper at present.
During the last 5 trading sessions, SEER fell by -4.63%, which changed the moving average for the period of 200-days by -57.44% in comparison to the 20-day moving average, which settled at $1.93. In addition, Seer Inc saw 6.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SEER starting from Farokhzad Omid, who sale 52,857 shares at the price of $2.03 back on Mar 07 ’24. After this action, Farokhzad Omid now owns 1,436,285 shares of Seer Inc, valued at $107,421 using the latest closing price.
Kogan Elona, the CHIEF LEGAL OFFICER of Seer Inc, sale 12,684 shares at $1.58 during a trade that took place back on Feb 22 ’24, which means that Kogan Elona is holding 273,142 shares at $20,024 based on the most recent closing price.
Stock Fundamentals for SEER
Current profitability levels for the company are sitting at:
- -6.83 for the present operating margin
- 0.36 for the gross margin
The net margin for Seer Inc stands at -5.45. The total capital return value is set at -0.25. Equity return is now at value -20.33, with -18.55 for asset returns.
Based on Seer Inc (SEER), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -2.09. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 83.04.
Currently, EBITDA for the company is -99.36 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 8.53. The receivables turnover for the company is 2.26for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 25.27.
Conclusion
To wrap up, the performance of Seer Inc (SEER) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
