Seer Inc (SEER) 20 Days SMA touches 4.46%: The odds favor the bear

On November 20, 2023, Seer Inc (NASDAQ: SEER) opened at $1.48, higher 16.67% from the last session. During the day, the shares moved up to $1.83 and dropped to $1.47 before settling in for the closing price of $1.50. Price fluctuations for SEER have ranged from $1.46 to $7.25 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 367.47%. Company’s average yearly earnings per share was noted 3.67% at the time writing. With a float of $41.90 million, this company’s outstanding shares have now reached $59.37 million.

Considering the fact that the conglomerate employs 164 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +2.61, operating margin of -667.64, and the pretax margin is -633.07.

Seer Inc (SEER) Insider Activity

A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Seer Inc is 34.35%, while institutional ownership is 53.58%. The most recent insider transaction that took place on Aug 23, was worth 97,968. In this transaction CEO, President and Chair of this company bought 40,000 shares at a rate of $2.45, taking the stock ownership to the 807,744 shares. Before that another transaction happened on May 18, when Company’s Chief Commercial Officer sold 1,468 for $3.56, making the entire transaction worth $5,224. This insider now owns 95,532 shares in total.

Seer Inc (SEER) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.33 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.4) by $0.07. This company achieved a net margin of -633.07 while generating a return on equity of -19.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.37 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 3.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -11.70% during the next five years compared to -94.75% drop over the previous five years of trading.

Seer Inc (NASDAQ: SEER) Trading Performance Indicators

Check out the current performance indicators for Seer Inc (SEER). In the past quarter, the stock posted a quick ratio of 27.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.95.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.43, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -1.32 in one year’s time.

Technical Analysis of Seer Inc (SEER)

Compared to the last year’s volume of 0.34 million, its volume of 0.75 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 32.55%. Additionally, its Average True Range was 0.14.

During the past 100 days, Seer Inc’s (SEER) raw stochastic average was set at 7.03%, which indicates a significant decrease from 76.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.80% in the past 14 days, which was higher than the 91.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.9645, while its 200-day Moving Average is $3.4663. Nevertheless, the first resistance level for the watch stands at $1.8967 in the near term. At $2.0433, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.2567. If the price goes on to break the first support level at $1.5367, it is likely to go to the next support level at $1.3233. Should the price break the second support level, the third support level stands at $1.1767.

Seer Inc (NASDAQ: SEER) Key Stats

There are currently 63,825K shares outstanding in the company with a market cap of 111.70 million. Presently, the company’s annual sales total 15,490 K according to its annual income of -92,970 K. Last quarter, the company’s sales amounted to 4,160 K and its income totaled -21,090 K.


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