Thinking Of Selling Surgalign Holdings Inc. (NASDAQ: SRGA) Stock? Read This First.

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Surgalign Holdings Inc. (NASDAQ:SRGA) shares, rose in value on Wednesday, January 05, with the stock price up by 0.62% to the previous day’s close as strong demand from buyers drove the stock to $0.78.

Actively observing the price movement in the last trading, the stock closed the session at $0.78, falling within a range of $0.7723 and $0.8499. The value of beta (5-year monthly) was 2.10. Referring to stock’s 52-week performance, its high was $3.27, and the low was $0.69. On the whole, SRGA has fluctuated by 6.37% over the past month.

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With the market capitalization of Surgalign Holdings Inc. currently standing at about $110.28 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 14, 2022 – Mar 18, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.11, which is expected to increase to -$0.1 for fiscal year -$0.42 and then to about -$0.43 by fiscal year 2022. Data indicates that the EPS growth is expected to be 17.60% in 2022, while the next year’s EPS growth is forecast to be -2.40%.

Analysts have estimated the company’s revenue for the quarter at $20.14 million, with a low estimate of $19.3 million and a high estimate of $21.24 million. According to the average forecast, sales growth in current quarter could jump down -23.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $88.83 million, representing a decrease of -12.70% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SRGA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SRGA currently trading nearly 3.24% and -6.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.20, while the 7-day volatility ratio is showing 8.99% which for the 30-day chart, stands at 7.65%. Furthermore, Surgalign Holdings Inc. (SRGA)’s beta value is 2.04, and its average true range (ATR) is 0.06.

Data on historical trading for Surgalign Holdings Inc. (NASDAQ:SRGA) indicates that the trading volumes over the past 10 days have averaged 1.97 million and over the past 3 months, they’ve averaged 2.09 million. According to company’s latest data on outstanding shares, there are 138.32 million shares outstanding.

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Nearly 5.40% of Surgalign Holdings Inc.’s shares belong to company insiders and institutional investors own 40.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.6 million shares as on Dec 14, 2021, resulting in a short ratio of 1.95. According to the data, the short interest in Surgalign Holdings Inc. (SRGA) stood at 3.31% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 3.68 million. The stock has risen by 9.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SRGA stock heading into the next quarter.