Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $3.31 in the prior trading day, Sight Sciences Inc (NASDAQ: SGHT) closed at $3.32, up 0.30%. In other words, the price has increased by $0.30 from its previous closing price. On the day, 0.25 million shares were traded. SGHT stock price reached its highest trading level at $3.39 during the session, while it also had its lowest trading level at $3.2.
Ratios:
Our goal is to gain a better understanding of SGHT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.74 and its Current Ratio is at 10.18. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.37.
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, UBS on December 06, 2024, initiated with a Buy rating and assigned the stock a target price of $5.50.
On November 04, 2024, Lake Street Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $10 to $5.
On August 21, 2024, Lake Street started tracking the stock assigning a Buy rating and target price of $10.Lake Street initiated its Buy rating on August 21, 2024, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 08 ’25 when Badawi David bought 3,829 shares for $3.26 per share.
HAYDEN JEREMY B. bought 1,810 shares of SGHT for $5,899 on Jan 08 ’25. On Jan 03 ’25, another insider, Badawi David, who serves as the Chief Technology Officer of the company, sold 3,111 shares for $3.52 each. As a result, the insider received 10,957 and left with 1,753,370 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, SGHT now has a Market Capitalization of 167321696 and an Enterprise Value of 85226328. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 1.071 whereas that against EBITDA is -1.739.
Stock Price History:
Over the past 52 weeks, SGHT has reached a high of $8.45, while it has fallen to a 52-week low of $3.29. The 50-Day Moving Average of the stock is -16.71%, while the 200-Day Moving Average is calculated to be -41.36%.
Shares Statistics:
The stock has traded on average 221.67K shares per day over the past 3-months and 209290 shares per day over the last 10 days, according to various share statistics. A total of 50.40M shares are outstanding, with a floating share count of 29.41M. Insiders hold about 42.05% of the company’s shares, while institutions hold 32.65% stake in the company. Shares short for SGHT as of 1734048000 were 1060498 with a Short Ratio of 4.78, compared to 1731628800 on 977459. Therefore, it implies a Short% of Shares Outstanding of 1060498 and a Short% of Float of 2.87.
