Mon. Sep 25th, 2023
    Analysis of Sarcos Technology and Robotics Corporation (STRC)

    Sarcos Technology and Robotics Corporation (STRC), a company in the electric vehicle (EV) industry, has experienced a decline in its stock performance recently. The stock price has dropped by -16.11% compared to the previous close, and there has been a fall of -24.50% in its stock price over the last five trading days. Additionally, the company reported a quarterly loss of $0.86 per share, which was higher than the estimated loss of $0.78 per share.

    The market performance of STRC has also been negative, with a -39.60% decline in the past month and a -64.95% plunge in the past quarter. The volatility ratio for the week is 9.37%, indicating a high level of volatility in the stock. The simple moving average for the past 20 days is -30.41%, and the simple moving average for the past 200 days is -72.61%, both of which are significant declines.

    STRC is currently trading at -45.52% from the 50-day moving average, indicating a significant deviation from the average price. The stock has also experienced a -52.81% decline over the last 50 days. In the last five trading sessions, STRC fell by -24.50%, leading to a change in the 200-day moving average by -88.24% compared to the 20-day moving average.

    Insider trading activities have been reported at STRC, with significant share purchases by Hamer Andrew and GARAGIC DENIS. However, despite these insider activities, the stock performance has remained poor.

    The stock fundamentals for STRC show a negative operating margin of -733.08% and a positive gross margin of +5.29%. The net margin stands at -1078.52%. The capital return value is -57.47%, and the invested capital returns touch -84.75%. The equity return is -109.90%, while the asset returns are -96.90%.

    It is important to note that STRC is currently trading below its 50-day moving average and its 52-week high. The stock has mixed ratings from analysts, with some recommending a “buy” and others suggesting a “hold” strategy. Overall, the recent performance of Sarcos Technology and Robotics Corporation has been poor, and it is trading at a significant distance from key moving averages.

    – BloombergNEF report on annual spending on passenger EVs
    – Zacks Investment Research report on Sarcos Technology and Robotics Corporation