SomaLogic Inc.’s Stock Price Relatively Down Recently, But Trouble Is Still Brewing

SomaLogic Inc. (NASDAQ:SLGC) traded at $9.93 at close of the session on Friday, 01/07/22, made a downward move of -7.71% on its previous day’s price.

Looking at the stock we see that its previous close was $10.76 with the day’s price range being $9.78 – $10.97. In terms of its 52-week price range, SLGC has a high of $14.72 and a low of $9.83. The company’s stock has lost about -20.56% over that past 30 days.


3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


SomaLogic Inc. has a market cap of $1.95 billion and is expected to release its quarterly earnings report on Nov 15, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.59 for 2021 and -$0.41 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $19.77 million, with a low of $19.4 million and a high of $20.3 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the SomaLogic Inc. (SLGC) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -11.01% off its SMA20 and -17.62% from its 50-day simple moving average. The RSI (14) is pointing at 36.66 while the volatility over the past week is 8.71% and jumps to 7.40% over the past one month. The average price target for the stock over the next 12 months is $17.67, with the estimates having a low of $16.00 and a high of $19.00. These price ends are -61.13% and -91.34% off the current price level respectively, although investors could be excited at the prospect of a -81.27% if the SLGC share price touches on the median price of $18.00.

Coming back to SomaLogic Inc. (NASDAQ:SLGC), we note that the average 3-month trading volume was 1.09 million. Current shares outstanding are 181.16 million.

>> 7 Top Picks for the Post-Pandemic Economy <<

The insiders hold 0.20% of the company’s shares while institutions hold 43.70%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -14.69% down in year-to-date price movement.