Sarcos Technology and Robotics (STRC) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sarcos Technology and Robotics in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" STRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STRC, but not buy additional shares or sell existing shares.
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2 brokerages have issued 1 year price targets for Sarcos Technology and Robotics' shares. Their STRC share price forecasts range from $3.00 to $24.00. On average, they expect the company's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 1,479.7% from the stock's current price.
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Sarcos Technology and Robotics' stock was trading at $3.3678 on January 1st, 2023. Since then, STRC shares have decreased by 74.6% and is now trading at $0.8546.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our STRC earnings forecast.

Sarcos Technology and Robotics Corporation (NASDAQ:STRC) released its quarterly earnings results on Wednesday, August, 9th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.78) by $0.16. The company had revenue of $1.28 million for the quarter, compared to the consensus estimate of $2.10 million. Sarcos Technology and Robotics had a negative net margin of 1,148.57% and a negative trailing twelve-month return on equity of 55.08%.

Sarcos Technology and Robotics shares reverse split before market open on Thursday, July 6th 2023. The 1-6 reverse split was announced on Thursday, July 6th 2023. The number of shares owned by shareholders was adjusted after the market closes on Thursday, July 6th 2023. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.

Sarcos Technology and Robotics updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.10 million-$1.40 million, compared to the consensus revenue estimate of $5.95 million.

Sarcos Technology and Robotics trades on the NASDAQ under the ticker symbol "STRC."

Shares of STRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STRC stock can currently be purchased for approximately $0.85.

Sarcos Technology and Robotics (NASDAQ:STRC) has a market capitalization of $22.05 million and generates $14.57 million in revenue each year. The company earns $-157,130,000.00 in net income (profit) each year or ($6.5190) on an earnings per share basis.

The company employs 160 workers across the globe.

Sarcos Technology and Robotics' mailing address is 650 South 500 West, Suite 150 Salt Lake City, UT 84101. The company can be reached via phone at 888-927-7296 or via email at ir@sarcos.com.