NasdaqGS:SDGRHealthcare Services
Schrödinger (SDGR) Stock Rallies On Profit Turn But Durability Questions Remain
Schrödinger jumped about 9% today to US$17.82 as investors rushed to reprice a story that has been dominated by long running losses. The headline this quarter is a clean turn into the black on net income with US$6.0 million on US$58.9 million of revenue, helped by a gain tied to the sale of collaborator Ajax.
That marks a sharp contrast with the heavy loss in the prior quarter and it matters for a stock still valued at roughly 5.1x trailing sales. The real question for you now is whether this...