why Surface Oncology Inc. [SURF] is a Good Choice for Investors After New Price Target of $10.80

Surface Oncology Inc. [NASDAQ: SURF] surged by $0.25 during the normal trading session on Friday and reaching a high of $7.75 during the day while it closed the day at $7.23. The company report on September 16, 2020 that Surface Oncology to Participate in the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit.

Surface Oncology (Nasdaq: SURF), a clinical-stage immuno-oncology company developing next-generation immunotherapies that target the tumor microenvironment, today announced that Jeff Goater, its chief executive officer, and Robert Ross, M.D., its chief medical officer, will participate in the upcoming Oppenheimer Fall Healthcare Life Sciences & MedTech Summit on September 21, where they will discuss Surface Oncology’s lead programs, SRF617 (targeting CD39) and SRF388 (targeting IL-27), as well as Surface’s emerging preclinical pipeline, highlighted by SRF813 (targeting CD112R, also known as PVRIG).

About Surface Oncology:.

Surface Oncology Inc. stock has also gained 9.55% of its value over the past 7 days. However, SURF stock has inclined by 53.83% in the 3 months of the year. Over the past six months meanwhile, it has gained 332.93% and gained 284.57% year-on date.

The market cap for SURF stock reached $278.50 million, with 33.42 million shares outstanding and 17.04 million shares in the current float. Compared to the average trading volume of 852.83K shares, SURF reached a trading volume of 1975216 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Surface Oncology Inc. [SURF]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SURF shares is $10.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SURF stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Surface Oncology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 04, 2020. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on August 28, 2020, representing the official price target for Surface Oncology Inc. stock.

The Average True Range (ATR) for Surface Oncology Inc. is set at 0.63, with the Price to Sales ratio for SURF stock in the period of the last 12 months amounting to 7.07. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 2.92.

SURF stock trade performance evaluation

Surface Oncology Inc. [SURF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.55. With this latest performance, SURF shares gained by 4.18% in over the last four-week period, additionally plugging by 332.93% over the last 6 months – not to mention a rise of 257.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SURF stock in for the last two-week period is set at 60.81, with the RSI for the last a single of trading hit 63.17, and the three-weeks RSI is set at 59.41 for Surface Oncology Inc. [SURF]. The present Moving Average for the last 50 days of trading for this stock 5.99, while it was recorded at 6.99 for the last single week of trading, and 3.81 for the last 200 days.

Surface Oncology Inc. [SURF]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Surface Oncology Inc. [SURF] shares currently have an operating margin of -373.48. Surface Oncology Inc.’s Net Margin is presently recorded at -356.70.

Return on Total Capital for SURF is now -62.16, given the latest momentum, and Return on Invested Capital for the company is -60.34. Return on Equity for this stock declined to -68.69, with Return on Assets sitting at -35.84. When it comes to the capital structure of this company, Surface Oncology Inc. [SURF] has a Total Debt to Total Equity ratio set at 44.19. Additionally, SURF Total Debt to Total Capital is recorded at 30.65, with Total Debt to Total Assets ending up at 19.01. Long-Term Debt to Equity for the company is recorded at 38.96, with the Long-Term Debt to Total Capital now at 27.02.

Reflecting on the efficiency of the workforce at the company, Surface Oncology Inc. [SURF] managed to generate an average of -$1,118,143 per employee. Receivables Turnover for the company is 46.62 with a Total Asset Turnover recorded at a value of 0.10.Surface Oncology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.10 and a Current Ratio set at 11.10.

Earnings per share (EPS) analysis for Surface Oncology Inc. [SURF] stock

With the latest financial reports released by the company, Surface Oncology Inc. posted -0.61/share EPS, while the average EPS was predicted by analysts to be reported at -0.58/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SURF.

Surface Oncology Inc. [SURF]: Insider Ownership positions

There are presently around $161 million, or 68.60% of SURF stock, in the hands of institutional investors. The top three institutional holders of SURF stocks are: ECOR1 CAPITAL, LLC with ownership of 5,033,861, which is approximately 294.979% of the company’s market cap and around 16.76% of the total institutional ownership; ATLAS VENTURE ASSOCIATES IX, LLC, holding 4,645,453 shares of the stock with an approximate value of $33.59 million in SURF stocks shares; and VR ADVISER, LLC, currently with $28.04 million in SURF stock with ownership of nearly New of the company’s market capitalization.

Positions in Surface Oncology Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 32 institutional holders increased their position in Surface Oncology Inc. [NASDAQ:SURF] by around 13,278,344 shares. Additionally, 12 investors decreased positions by around 4,715,563 shares, while 7 investors held positions by with 4,258,022 shares. The mentioned changes placed institutional holdings at 22,251,929 shares, according to the latest SEC report filing. SURF stock had 21 new institutional investments in for a total of 7,775,155 shares, while 7 institutional investors sold positions of 4,297,163 shares during the same period.

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