While Shattuck Labs Inc has overperformed by 8.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, STTK rose by 225.33%, with highs and lows ranging from $11.11 to $1.33, whereas the simple moving average jumped by 104.31% in the last 200 days.
On August 31, 2022, BTIG Research started tracking Shattuck Labs Inc (NASDAQ: STTK) recommending Buy. A report published by Citigroup on June 01, 2022, Initiated its previous ‘Buy’ rating for STTK. H.C. Wainwright also rated STTK shares as ‘Buy’, setting a target price of $28 on the company’s shares in an initiating report dated May 02, 2022. Berenberg Initiated an Buy rating on April 14, 2021, and assigned a price target of $47. Evercore ISI initiated its ‘Outperform’ rating for STTK, as published in its report on January 11, 2021. Needham’s report from November 03, 2020 suggests a price prediction of $34 for STTK shares, giving the stock a ‘Buy’ rating. Cowen also rated the stock as ‘Outperform’.
Analysis of Shattuck Labs Inc (STTK)
Further, the quarter-over-quarter increase in sales is 83.08%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Shattuck Labs Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -54.41% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 12.51, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and STTK is recording an average volume of 341.51K. On a monthly basis, the volatility of the stock is set at 6.41%, whereas on a weekly basis, it is put at 7.16%, with a gain of 11.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.75, showing growth from the present price of $9.76, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 14.17%. 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 58.77% 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 58.77% at present.
