Stock of the Day

March 23, 2023

Surrozen (SRZN)

$22.02
-$0.40 (-1.8%)
Market Cap: $260.30M

About Surrozen

Surrozen, Inc., a clinical stage biotechnology company, discovers and develops drug candidates to selectively modulate the Wnt pathway for tissue repair. The company is developing antibody-based therapeutics which targets various disease areas, including diseases of the intestine, liver, retina, cornea, lung, kidney, cochlea, skin, pancreas, and central nervous system. Its products in pipeline include SZN-043, a hepatocyte-specific R-spondin mimetic bispecific fusion protein, which is in Phase 1b clinical trial for the treatment of severe liver diseases, including alcohol-associated hepatitis. The company develops SZN-413, a Fzd4 targeted bi-specific antibody for the treatment of retinal vascular associated diseases. Surrozen, Inc. has collaboration and license agreement with Boehringer Ingelheim International GmbH to research, develop, and commercialize Fzd4 bi-specific antibodies. Surrozen, Inc. is based in South San Francisco, California.

Today's Trend

Surrozen, Inc. (NASDAQ: SRZN) is trading lower as investors digest a wave of mixed analyst updates following the company’s latest earnings report. While the stock had already reacted to a very large quarterly loss, the newest notes are adding to the uncertainty by showing both upward and downward revisions to future profit expectations.

  • Lifesci Capital raised its estimates for Surrozen’s Q2, Q3, and Q4 2026 earnings, signaling slightly better near-term expectations than before. Source report
  • HC Wainwright maintained a Buy rating and a $44 price target on SRZN, suggesting some analysts still see meaningful upside from current levels. Source report
  • A head-to-head comparison article with Rigel Pharmaceuticals was published, but it does not appear to include a direct catalyst for Surrozen’s stock movement. Rigel Pharmaceuticals versus Surrozen Head to Head Comparison
  • HC Wainwright cut its FY2026, FY2027, FY2028, FY2029, and FY2030 EPS estimates, pointing to continued expectations for significant losses over the next several years. Source report
  • The company’s recent earnings release showed a far larger-than-expected quarterly loss, which likely remains a drag on investor sentiment. Source report

Overall, Surrozen (SRZN) appears to be under pressure because the market is focusing more on the company’s steep losses and lowered longer-term earnings outlook than on the modestly improved near-term estimates.