Simulations Plus Stock Sinks 25% On Q3 Revenue Outlook

(RTTNews) - Simulations Plus, Inc. (SLP) shares tumbled 25.04 percent, or $6.62, on Thursday, following the company's preliminary third-quarter results announcement yesterday. Revenue is expected to come in between $19 million and $20 million, with full-year fiscal 2025 revenue projected at $76 million to $80 million.

The stock is currently trading at $20.44, down from a previous close of $26.44 on the Nasdaq. It opened at $23.66 and has traded between $19.26 and $23.80 today, with volume spiking to 1.3 million shares, well above the average of 336,771.

Today's decline pushed the stock to a new 52-week low of $19.26, compared to a high of $50.11. The sharp reaction reflects investor concern over weaker-than-expected revenue growth.