Equities analysts predict that SRAX, Inc. (NASDAQ:SRAX) will post sales of $6.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for SRAX’s earnings. The highest sales estimate is $7.00 million and the lowest is $6.90 million. SRAX posted sales of $1.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 494%. The firm is expected to issue its next earnings report on Monday, August 16th.
According to Zacks, analysts expect that SRAX will report full-year sales of $27.21 million for the current financial year, with estimates ranging from $26.97 million to $27.44 million. For the next year, analysts forecast that the firm will report sales of $34.83 million, with estimates ranging from $32.85 million to $36.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for SRAX.
SRAX (NASDAQ:SRAX) last issued its quarterly earnings data on Monday, May 24th. The business services provider reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.44). SRAX had a negative return on equity of 84.63% and a negative net margin of 165.90%. The company had revenue of $5.44 million during the quarter, compared to analysts’ expectations of $5.03 million.
SRAX traded down $0.08 on Friday, hitting $4.24. The company had a trading volume of 1,906 shares, compared to its average volume of 315,242. SRAX has a 52-week low of $2.06 and a 52-week high of $7.29. The business has a fifty day simple moving average of $5.04. The firm has a market cap of $98.33 million, a price-to-earnings ratio of -3.14 and a beta of 1.86.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sage Mountain Advisors LLC bought a new stake in shares of SRAX during the fourth quarter valued at approximately $36,000. Bank of New York Mellon Corp bought a new stake in shares of SRAX during the first quarter valued at approximately $55,000. Alpha Paradigm Partners LLC bought a new stake in shares of SRAX during the first quarter valued at approximately $134,000. NorthRock Partners LLC bought a new stake in shares of SRAX during the first quarter valued at approximately $245,000. Finally, PEAK6 Investments LLC bought a new stake in shares of SRAX during the first quarter valued at approximately $334,000. 12.42% of the stock is owned by institutional investors.
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.
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