Daily Market Movement: Sana Biotechnology Inc (SANA) Sees a 4.63 Increase, Closing at 7.91

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

The closing price of Sana Biotechnology Inc (NASDAQ: SANA) was $7.91 for the day, up 4.63% from the previous closing price of $7.56. In other words, the price has increased by $4.63 from its previous closing price. On the day, 1.74 million shares were traded. SANA stock price reached its highest trading level at $8.0 during the session, while it also had its lowest trading level at $7.44.

Ratios:

Our analysis of SANA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.07 and its Current Ratio is at 6.07. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.25.

On September 25, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $9.

On September 05, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $8.Citigroup initiated its Buy rating on September 05, 2023, with a $8 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 08 ’24 when Yang Patrick Y sold 25,000 shares for $9.45 per share. The transaction valued at 236,300 led to the insider holds 149,250 shares of the business.

NELSEN ROBERT bought 1,818,181 shares of SANA for $9,999,996 on Feb 08 ’24. The Director now owns 12,446,022 shares after completing the transaction at $5.50 per share. On Feb 08 ’24, another insider, ARCH Venture Fund X, L.P., who serves as the 10% Owner of the company, bought 1,818,181 shares for $5.50 each. As a result, the insider paid 9,999,996 and bolstered with 12,446,022 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SANA now has a Market Capitalization of 1752088704 and an Enterprise Value of 1547095040.

Stock Price History:

Over the past 52 weeks, SANA has reached a high of $12.00, while it has fallen to a 52-week low of $2.74. The 50-Day Moving Average of the stock is -13.18%, while the 200-Day Moving Average is calculated to be 32.74%.

Shares Statistics:

SANA traded an average of 2.05M shares per day over the past three months and 2421340 shares per day over the past ten days. A total of 197.86M shares are outstanding, with a floating share count of 123.12M. Insiders hold about 44.41% of the company’s shares, while institutions hold 41.94% stake in the company. Shares short for SANA as of 1714435200 were 25650631 with a Short Ratio of 12.49, compared to 1711584000 on 26130177. Therefore, it implies a Short% of Shares Outstanding of 25650631 and a Short% of Float of 24.180001.

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