SRAX Inc. (NASDAQ:SRAX) shares traded -62.03% lower at $0.60 on Wall Street last session.
In accordance with the data, 3 analysts cover SRAX Inc. (NASDAQ:SRAX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $4.50, we find $5.30. Given the previous closing price of $1.58, this indicates a potential upside of 235.44 percent. SRAX stock price is now -67.37% away from the 50-day moving average and -72.35% away from the 200-day moving average. The market capitalization of the company currently stands at $15.14M.
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It has been rated a hold by 0 analysts and a buy by 3. Brokers who have rated the stock have averaged $6.60 as their price target over the next twelve months.
With the price target of $4, B. Riley FBR recently initiated with Buy rating for SRAX Inc. (NASDAQ: SRAX). On July 17, 2017, Chardan Capital Markets reiterated its ‘Buy’ rating on the stock by increasing its target price from $9 to quote $5.
A total of 18.34% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SRAX stock. A new stake in SRAX Inc. shares was purchased by GOLDMAN SACHS GROUP INC during the first quarter worth $710,000. GROUP ONE TRADING, L.P. invested $11,000 in shares of SRAX during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in SRAX Inc. valued at approximately $1,000. In total, there are 34 active investors with 20.00% ownership of the company’s stock.
SRAX Inc. (NASDAQ: SRAX) opened at $1.6300 on Wednesday. During the past 12 months, SRAX Inc. has had a low of $1.15 and a high of $5.27. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for SRAX is $1.8390 and a two-hundred day moving average price translates $2.1699 for the stock.
The latest earnings results from SRAX Inc. (NASDAQ: SRAX) was released for Mar, 2022. According to the Advertising Agencies Company, earnings per share came in at -$0.2, missing analysts’ expectations of $2.56 by -2.76. This compares to -$0.35 EPS in the same period last year. The net profit margin was -69.30% and return on equity was -80.40% for SRAX. The company reported revenue of $7.5 million for the quarter, compared to $4.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.51 percent. For the current quarter, analysts expect SRAX to generate $9.5M in revenue.
SRAX Inc.(SRAX) Company Profile
SRAX, Inc., a technology company, focused on enhancing communications between public companies and their shareholders and investors in the United States. The company offers Sequire, a Saas platform that allows issuers to track their shareholders’ behaviors and trends, then use data-driven insights to engage with shareholders across marketing channels. It also organizes and hosts investor conferences within the micro and small- cap markets. The company markets and sells its services through its in-house sales and marketing team. The company was formerly known as Social Reality, Inc. and changed its name to SRAX, Inc. in August 2019. SRAX, Inc. was founded in 2009 and is headquartered in Westlake Village, California.
