As of Tuesday, Seelos Therapeutics Inc.’s (NASDAQ:SEEL) stock closed at $0.92, up from $0.92 the previous day. While Seelos Therapeutics Inc. has overperformed by 0.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEEL fell by -22.18%, with highs and lows ranging from $1.52 to $0.48, whereas the simple moving average jumped by 5.37% in the last 200 days.
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On September 27, 2021, ROTH Capital Upgraded Seelos Therapeutics Inc. (NASDAQ: SEEL) to Buy. A report published by Guggenheim on July 01, 2021, Initiated its previous ‘Buy’ rating for SEEL. Cantor Fitzgerald also rated SEEL shares as ‘Overweight’, setting a target price of $10 on the company’s shares in an initiating report dated June 01, 2021. B. Riley Securities initiated its ‘Buy’ rating for SEEL, as published in its report on March 30, 2021. The Benchmark Company’s report from November 14, 2019 suggests a price prediction of $4 for SEEL shares, giving the stock a ‘Speculative Buy’ rating. ROTH Capital also rated the stock as ‘Buy’.
Analysis of Seelos Therapeutics Inc. (SEEL)
One of the most important indicators of Seelos Therapeutics Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -239.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, 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.
For any stock, average volume can also provide valuable insight into volatility, and SEEL is recording 642.42K average volume. On a monthly basis, the volatility of the stock is set at 10.22%, whereas on a weekly basis, it is put at 9.71%, with a loss of -11.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.25, showing growth from the present price of $0.92, which can serve as yet another indication of whether SEEL is worth investing in or should be passed over.
How Do You Analyze Seelos Therapeutics Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 2.98%. 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 28.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SEEL shares?
The recent increase in stakes in SEEL appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in SEEL has increased by 1.78% in the first quarter. The company now owns 4,979,098 shares of the stock, with a value of $3.38 million, following the purchase of 86,990 additional shares during the last quarter. During the last quarter, the company dropped down 0 additional shares for a total stake of worth $3.33 million, bringing number of shares owned by the company to 4,908,725.
During the first quarter, Uniplan Investment Counsel, Inc. subtracted a -13,884 position in SEEL. Group One Trading LP sold an additional -0.16 million shares in the last quarter, decreasing its holdings by -6.85%, now holding 2.16 million shares worth $1.47 million. At the end of the first quarter, BlackRock Fund Advisors decreased its SEEL holdings by -0.21% and now holds 1.78 million SEEL shares valued at $1.21 million with the lessened 3731.0 shares during the period. SEEL shares are owned by institutional investors to the tune of 28.80% at present.