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Sage Therapeutics Inc (NASDAQ: SAGE) closed the day trading at $6.64 down -5.01% from the previous closing price of $6.99. In other words, the price has decreased by -$5.01 from its previous closing price. On the day, 0.87 million shares were traded. SAGE stock price reached its highest trading level at $7.04 during the session, while it also had its lowest trading level at $6.47.
Ratios:
For a better understanding of SAGE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.95 and its Current Ratio is at 9.95. 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 the company, RBC Capital Mkts on October 04, 2024, Downgraded its rating to Sector Perform and sets its target price to $4 from $10 previously.
On July 30, 2024, TD Cowen Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $16 to $10.
JP Morgan Downgraded its Overweight to Neutral on July 25, 2024, whereas the target price for the stock was revised from $18 to $12.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SAGE now has a Market Capitalization of 405374656 and an Enterprise Value of -240007232. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at -2.468 whereas that against EBITDA is 0.536.
Stock Price History:
Over the past 52 weeks, SAGE has reached a high of $28.26, while it has fallen to a 52-week low of $6.72. The 50-Day Moving Average of the stock is -18.99%, while the 200-Day Moving Average is calculated to be -55.98%.
Shares Statistics:
Over the past 3-months, SAGE traded about 745.25K shares per day on average, while over the past 10 days, SAGE traded about 612540 shares per day. A total of 60.04M shares are outstanding, with a floating share count of 50.28M. Insiders hold about 17.64% of the company’s shares, while institutions hold 88.66% stake in the company. Shares short for SAGE as of 1726185600 were 5823506 with a Short Ratio of 7.81, compared to 1723680000 on 5930174. Therefore, it implies a Short% of Shares Outstanding of 5823506 and a Short% of Float of 10.8100004.
