JP Morgan has recently resumed Seer Inc (SEER) stock to Neutral rating, as announced on July 5, 2023, according to Finviz. Earlier, on January 4, 2023, BofA Securities had reduced the stock from a Neutral to Underperform, setting a price target of $6.50 for SEER stock. JP Morgan also reduced Neutral rating with a price target of $12. Additionally, Cowen resumed Outperform rating on October 15, 2021. Morgan Stanley analysts, in their report published on December 29, 2020, also initiated their coverage for Seer Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Seer Inc (SEER) Stock Trading Recap
On Friday, Seer Inc (SEER) stock saw a modest uptick, ending the day at $1.96 which represents a slight increase of $0.18 or 10.11% from the prior close of $1.78. The stock opened at $1.85 and touched a low of $1.85 during the day, reaching a high of $1.99. The volume of shares traded was 0.72 million exceeding the average volume of 0.51 million.
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SEER Stock Performance and Moving Averages
In recent trading, Seer Inc (SEER) stock price has shown some volatility, fluctuating 13.66% over the last five trades and 17.07% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 2.89%, and it has gained 16.37% in the previous three months. Currently, SEER is trading at 15.77%, 11.70%, and 8.44% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SEER, a Healthcare sector stock, is trading -15.00% below its 52-week high but remains 34.36% above its 52-week low. The Average True Range (ATR) (14 days) of 0.08 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Seer Inc’s Profitability and Valuation Ratios
Seer Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -694.91% and a profit margin of -569.17%, with a gross margin of 2.89%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Seer Inc’s market capitalization stands at $120.10 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 8.29, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.34, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 28.82% of Seer Inc (SEER)’s shares, while financial institutions hold 47.27%.
Notable insider trades include Farokhzad Omid, CEO AND CHAIR at Seer Inc (SEER), who sold 52857 shares on Mar 07 ’24, at $2.03 each, totaling $0.11 million.
