Synlogic Inc. [NASDAQ: SYBX] traded at a high on 04/16/21, posting a 7.59 gain after which it closed the day’ session at $3.40. The company report on April 16, 2021 that Synlogic Announces Pricing of Public Offering of Common Stock.
Synlogic (Nasdaq: SYBX) a clinical stage company bringing the transformative potential of synthetic biology to medicine, announced the pricing of its underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $3.00 per share. The gross proceeds to Synlogic from the offering, before deducting the underwriting discounts and commissions and offering expenses payable by Synlogic, are expected to be $30.0 million. All shares of common stock to be sold in the offering are being sold by Synlogic. In addition, Synlogic has granted to the underwriter a 30-day option to purchase up to 1,500,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about April 20, 2021, subject to the satisfaction of customary closing conditions.
SVB Leerink is acting as sole book-running manager for the offering.
The results of the trading session contributed to over 1971481 shares changing hands. Over the past one week, the price volatility of Synlogic Inc. stands at 7.05% while the volatility over the past one month is 10.91%.
The market cap for SYBX stock reached $125.29 million, with 37.82 million shares outstanding and 32.76 million shares in the current float. Compared to the average trading volume of 453.36K shares, SYBX reached a trading volume of 1971481 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Synlogic Inc. [SYBX]?
Oppenheimer have made an estimate for Synlogic Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on August 21, 2019. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on April 30, 2019, representing the official price target for Synlogic Inc. stock. Previously, the target price had yet another raise to $20, while Chardan Capital Markets analysts kept a Buy rating on SYBX stock.
The Average True Range (ATR) for Synlogic Inc. is set at 0.33, with the Price to Sales ratio for SYBX stock in the period of the last 12 months amounting to 250.58. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 2.72.
How has SYBX stock performed recently?
Synlogic Inc. [SYBX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.10. With this latest performance, SYBX shares dropped by -18.66% in over the last four-week period, additionally plugging by 66.67% over the last 6 months – not to mention a rise of 81.82% 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 SYBX stock in for the last two-week period is set at 45.30, with the RSI for the last a single of trading hit 46.28, and the three-weeks RSI is set at 46.31 for Synlogic Inc. [SYBX]. The present Moving Average for the last 50 days of trading for this stock 3.92, while it was recorded at 3.28 for the last single week of trading, and 2.73 for the last 200 days.
Synlogic Inc. [SYBX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Synlogic Inc. [SYBX] shares currently have an operating margin of -11094.68. Synlogic Inc.’s Net Margin is presently recorded at -10857.43.
Return on Total Capital for SYBX is now -37.81, given the latest momentum, and Return on Invested Capital for the company is -37.56. Return on Equity for this stock declined to -43.50, with Return on Assets sitting at -35.60. When it comes to the capital structure of this company, Synlogic Inc. [SYBX] has a Total Debt to Total Equity ratio set at 19.81. Additionally, SYBX Total Debt to Total Capital is recorded at 16.53, with Total Debt to Total Assets ending up at 15.86. Long-Term Debt to Equity for the company is recorded at 17.61, with the Long-Term Debt to Total Capital now at 14.70.
Reflecting on the efficiency of the workforce at the company, Synlogic Inc. [SYBX] managed to generate an average of -$821,847 per employee.Synlogic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.90 and a Current Ratio set at 12.90.
Earnings analysis for Synlogic Inc. [SYBX]
With the latest financial reports released by the company, Synlogic Inc. posted -0.46/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.00%. 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 SYBX.
Insider trade positions for Synlogic Inc. [SYBX]
There are presently around $59 million, or 36.90% of SYBX stock, in the hands of institutional investors. The top three institutional holders of SYBX stocks are: NEA MANAGEMENT COMPANY, LLC with ownership of 4,229,410, which is approximately 0% of the company’s market cap and around 0.70% of the total institutional ownership; ATLAS VENTURE ASSOCIATES IX, LLC, holding 2,651,963 shares of the stock with an approximate value of $9.02 million in SYBX stocks shares; and ATLAS VENTURE ASSOCIATES XI, LLC, currently with $9.02 million in SYBX stock with ownership of nearly New of the company’s market capitalization.
Positions in Synlogic Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 32 institutional holders increased their position in Synlogic Inc. [NASDAQ:SYBX] by around 3,829,219 shares. Additionally, 15 investors decreased positions by around 406,831 shares, while 7 investors held positions by with 12,990,807 shares. The mentioned changes placed institutional holdings at 17,226,857 shares, according to the latest SEC report filing. SYBX stock had 17 new institutional investments in for a total of 3,227,499 shares, while 4 institutional investors sold positions of 26,198 shares during the same period.