Schrodinger Inc. [NASDAQ:SDGR] is flashing a current price of $60.01. On Friday, the company’s daily low is at $54.30 as the high is reaching $57.10.
The price per sales of 38.40. The company is also booking -0.69 earnings per share.
SDGR’s next earning date is 11/12/2020. The company has price per sales of 38.40. The company is also booking -0.69 earnings per share.
The Price is right
Holding a Market Cap of $3.65 billion, Schrodinger Inc. has seen a trading range over the last year of $25.50-$99.50.
For the last five days, SDGR is up from its last closing price. The average shares trading hands each day is 1.43M, with average 10-day volume coming in at 1.5 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for SDGR. When we apply the Elder Force Index to Schrodinger Inc., we are seeing an Elder Force Indicator number of 2509457.37.
Recent Performance
The company’s enterprise value has gone from $5.52B to $2.66B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, SDGR made a profit of 13.58 million. Schrodinger Inc. also saw quarter revenue growth year over year of 28.37%. In addition, the company has operating cash flow of -$32.02 million.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 55.88 compared to the 50-day moving average of 54.89. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. SDGR currently holds a 9-day RSI of 71.75%, while 100-day RSI stands at 52.64%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. SDGR’s 9-day MACD is 3.19 and the company’s 100-day MACD stands at -11.41.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 6.97% by insiders and 26.10% by institutions. Regarding institutional holdings, Bill & Melinda Gates Foundation Trust owns 13.92%, while the second top holder, Shaw D.E. & Co., Inc., currently owns 3.19%.
Over the last six months, insiders have sold 472,634 with the most recent transaction from SHAW DAVID E, 10% Owner, with a sell at price 55.99 per share.
Conclusion
Overall, the recommended rating for SDGR is Moderate Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is -0.12. Quarterly revenue estimates are averaging 21.87M with the high estimate reaching 23.11M and the low at 20.4M.
To review, the current 1-year target estimate is sitting at 86.75, while the current price 60.01. Based on this, we expect the stock to rise considering the aforementioned fundamentals.
