Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $3.26 in the prior trading day, Sagimet Biosciences Inc (NASDAQ: SGMT) closed at $3.31, up 1.53%. In other words, the price has increased by $1.53 from its previous closing price. On the day, 0.54 million shares were traded.
Ratios:
Our goal is to gain a better understanding of SGMT by taking a closer look at its different ratios. 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.
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 Jul 23 ’24 when Kemble George sold 23,625 shares for $3.17 per share. The transaction valued at 74,830 led to the insider holds 118,693 shares of the business.
Martins Eduardo Bruno sold 8,357 shares of SGMT for $25,910 on Jul 19 ’24. The Chief Medical Officer now owns 81,213 shares after completing the transaction at $3.10 per share. On Jul 19 ’24, another insider, Rozek Elizabeth, who serves as the General Counsel and CCO of the company, sold 10,914 shares for $3.10 each. As a result, the insider received 33,830 and left with 160,506 shares of the company.
Stock Price History:
Over the past 52 weeks, SGMT has reached a high of $7.38, while it has fallen to a 52-week low of $1.73. The 50-Day Moving Average of the stock is 4.24%, while the 200-Day Moving Average is calculated to be -17.22%.
Shares Statistics:
A total of 30.67M shares are outstanding, with a floating share count of 23.27M. Insiders hold about 27.72% of the company’s shares, while institutions hold 41.35% stake in the company.
