Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Sagimet Biosciences Inc (NASDAQ: SGMT) closed at $9.6 in the last session, up 8.72% from day before closing price of $8.83. In other words, the price has increased by $8.72 from its previous closing price. On the day, 0.89 million shares were traded. SGMT stock price reached its highest trading level at $9.825 during the session, while it also had its lowest trading level at $8.82.
Ratios:
We take a closer look at SGMT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 20.26 and its Current Ratio is at 20.26. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on December 06, 2024, initiated with a Outperform rating and assigned the stock a target price of $30.
On November 12, 2024, UBS started tracking the stock assigning a Buy rating and target price of $12.
Goldman Downgraded its Buy to Neutral on June 28, 2024, whereas the target price for the stock was revised from $23 to $6.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SGMT now has a Market Capitalization of 309074880 and an Enterprise Value of 164545312.
Stock Price History:
The Beta on a monthly basis for SGMT is 3.40, which has changed by 2.0379746 over the last 52 weeks, in comparison to a change of 0.16260707 over the same period for the S&P500. Over the past 52 weeks, SGMT has reached a high of $10.43, while it has fallen to a 52-week low of $1.73. The 50-Day Moving Average of the stock is 47.95%, while the 200-Day Moving Average is calculated to be 97.66%.
Shares Statistics:
According to the various share statistics, SGMT traded on average about 1.53M shares per day over the past 3-months and 760100 shares per day over the past 10 days. A total of 30.67M shares are outstanding, with a floating share count of 23.77M. Insiders hold about 26.17% of the company’s shares, while institutions hold 36.30% stake in the company. Shares short for SGMT as of 1751241600 were 3629995 with a Short Ratio of 2.37, compared to 1748563200 on 3661543. Therefore, it implies a Short% of Shares Outstanding of 3629995 and a Short% of Float of 12.78.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
