Fidelity Management & Research Co has recently announced that it has increased stake in Science 37 Holdings Inc. (NASDAQ:SNCE) by 82.85%. After grabbing 3.56 million shares, the institutional investor is now in possession of 1.61 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.05% having worth around $1.17 million. Moreover, The Vanguard Group, Inc. increased its share by 0.31 million to have a control over 3.42 million shares. And Alyeska Investment Group LP raised its holdings to 0.42 million shares by acquiring 1.47 million shares or 1.26% of the stake.
Science 37 Holdings Inc. (SNCE) concluded trading on 03/16/23 at a closing price of $0.23, with 10.64 million shares of worth about $2.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -88.12% during that period and on Thursday the price saw a loss of about -6.92%. Currently the company’s common shares owned by public are about 115.70M shares, out of which, 90.89M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the SNCE stock and their offered price forecasts bring an average price target of $1.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.50 and could fall to a lowest price of $1.00. The stock’s current price level is 88.5% above of average price target set by the analysts, while a rise to estimated low would result in gain of 77.0% for the stock. However, touching the estimated high of $2.50 would mean a gain of 90.8% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 10 times over the past 12 months. They bought 6,690,386 shares in 8 of the transactions. In 2 selling transactions, insiders dumped 9,386,895 shares.
Fidelity Small Cap Stock Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Science 37 Holdings Inc. Fidelity Small Cap Stock Fund is currently holding 3.38 million shares of worth totaling $1.12 million. The company recently came buying 0.0 shares which brought its stake up to 2.90% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 1.25 million shares, have now control over 1.07% of the stake in the company. It holds 3960.0 shares of worth $0.41 million.
Science 37 Holdings Inc. (NASDAQ: SNCE) started trading at $0.2452, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.3882, or with a loss of -6.92%. Stock saw a price change of -17.65% in past 5 days and over the past one month there was a price change of -42.85%. Year-to-date (YTD), SNCE shares are showing a performance of -45.62% which decreased to -95.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.19 but also hit the highest price of $6.51 during that period. The average intraday trading volume for Science 37 Holdings Inc. shares is 689.66K. The stock is currently trading -27.80% below its 20-day simple moving average (SMA20), while that difference is down -43.52% for SMA50 and it goes to -83.62% lower than SMA200.
Fidelity Management & Research Co acquired 3.56 million shares of Science 37 Holdings Inc. having value of about $1.17 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 1.61 million shares in the company valued at close to $371066.59, or have control over 82.85% stake in the company. Science 37 Holdings Inc. (NASDAQ: SNCE) currently have 115.70M outstanding shares and institutions hold larger chunk of about 61.30% of that. Holding of mutual funds in the company is about 17.73% while other institutional holders and individual stake holders have control over 31.79% and 10.01% of the stake respectively.
The stock has a current market capitalization of $30.23M. It has posted earnings per share of -$0.44 in the same period. It has Quick Ratio of 5.40 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNCE, volatility over the week remained 38.71% while standing at 18.87% over the month.
Analysts are in expectations that Science 37 Holdings Inc. (SNCE) stock would likely to be making an EPS of -$0.18 in the current quarter, while forecast for next quarter EPS is -$0.16 and it is -$0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 46.10% while it is estimated to increase by 24.50% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Science 37 Holdings Inc. (SNCE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 3 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
