While Shattuck Labs Inc has overperformed by 2.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, STTK fell by -18.63%, with highs and lows ranging from $11.76 to $1.07, whereas the simple moving average fell by -79.46% in the last 200 days.
On October 02, 2024, Needham Downgraded Shattuck Labs Inc (NASDAQ: STTK) to Hold. A report published by Citigroup on October 02, 2024, Downgraded its rating to ‘Neutral’ for STTK. BTIG Research initiated its ‘Buy’ rating for STTK, as published in its report on August 31, 2022. Citigroup’s report from June 01, 2022 suggests a price prediction of $13 for STTK shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
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Analysis of Shattuck Labs Inc (STTK)
Further, the quarter-over-quarter increase in sales is 704.50%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Shattuck Labs Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -68.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 556.63K can be a very valuable indicator of volatility for STTK stock. On a monthly basis, the volatility of the stock is set at 16.63%, whereas on a weekly basis, it is put at 9.05%, with a loss of -2.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.00, showing growth from the present price of $1.31, which can serve as yet another indication of whether STTK is worth investing in or should be passed over.
How Do You Analyze Shattuck Labs Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
STTK shares are owned by institutional investors to the tune of 71.93% at present.
