Sunday, June 26, 2022

A Guide To The Risks Of Investing In Sarcos Technology and Robotics Corporation (STRC)

Sarcos Technology and Robotics Corporation’s recently made public that its Director FINN BRIAN D acquired Company’s shares for reported $0.11 million on Jun 15. In the deal valued at $3.11 per share,35,000 shares were bought. As a result of this transaction, FINN BRIAN D now holds 112,315 shares worth roughly $ 0.33 million.

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Then, FINN BRIAN D bought 15,000 shares, generating $43,782 in total proceeds. Upon buying the shares at $2.92, the Director now owns 77,315 shares.

Before that, FINN BRIAN D bought 20,000 shares. Sarcos Technology and Robotics Corporation shares valued at $76,380 were divested by the Director at a price of $3.82 per share. As a result of the transaction, FINN BRIAN D now holds 62,315 shares, worth roughly $0.18 million.

Price Performance Review of STRC

On Tuesday, Sarcos Technology and Robotics Corporation [NASDAQ:STRC] saw its stock fall -4.92% to $2.90. On the same session, the stock had its day’s lowest price of $2.865, but rose to a high of $3.19. Over the last five days, the stock has gained 1.40%. Sarcos Technology and Robotics Corporation shares have fallen nearly -70.94% since the year began. Nevertheless, the stocks have fallen -70.85% over the past one year. While a 52-week high of $11.80 was reached on 01/03/22, a 52-week low of $2.79 was recorded on 06/14/22. SMA at 50 days reached $4.07, while 200 days put it at $6.61. A total of 0.69 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For STRC Stock

The 24-hour chart illustrates a support level at 2.78, which if violated will result in even more drops to 2.66. On the upside, there is a resistance level at 3.11. A further resistance level may holdings at 3.31. The Relative Strength Index (RSI) on the 14-day chart is 33.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.96%. Stochastics %K at 11.54% indicates the stock is a buying.

How much short interest is there in Sarcos Technology and Robotics Corporation?

A steep rise in short interest was recorded in Sarcos Technology and Robotics Corporation stocks on Apr 28, 2022, growing by 0.39 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 2.29 million shares. There was a rise of 14.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.45.

Sarcos Technology and Robotics Corporation [STRC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,728,769 shares, or roughly 1.12% of the outstanding STRC shares. In other words, the investor’s shares have risen by 69,096 from its previous 13-F filing of 1659673.0. Additionally, MFP Investors LLC increased 2.86% of its stake after which the total value it holdings stand at $4,699,317, while BlackRock Fund Advisors added 21.61% of its stake to hold $4.52 million in the firm. Over the last quarter, BlackRock Advisors LLC sold -54,055 shares of Sarcos Technology and Robotics Corporation, while Millennium Management LLC sold 314,997 shares. At present, Geode Capital Management LLC is holding 656,016 shares valued at $2.81 million. Adage Capital Management LP owned 500,000 shares of the company at the time of its most recent 13F filing, worth $2.15 million.

According to FactSet, Sarcos Technology and Robotics Corporation’s share price will average $7.58 in the next year, based on opinions of analysts polled by the firm. This is up nearly 129.51 percent from its previous closing price of $3.05. Analysts expect Sarcos Technology and Robotics Corporation stock to reach the higher price of $8.75, while the lowest price estimate is $7.00. However, 3 analysts have rated STRC stock as an Overweight in their predictions for 2022.

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