The price of Sagimet Biosciences Inc (NASDAQ: SGMT) closed at $4.04 in the last session, down -6.48% from day before closing price of $4.32. In other words, the price has decreased by -$0.2800 from its previous closing price. On the day, 3863372 shares were traded.
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 20.36 and its Current Ratio is at 20.36. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On August 08, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $67.
On August 08, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $30.JMP Securities initiated its Mkt Outperform rating on August 08, 2023, with a $30 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 07 ’23 when Happel David bought 1,600 shares for $4.10 per share. The transaction valued at 6,560 led to the insider holds 627,100 shares of the business.
Happel David bought 590 shares of SGMT for $1,386 on Nov 16 ’23. The President & CEO now owns 590 shares after completing the transaction at $2.35 per share. On Jul 18 ’23, another insider, SEIDENBERG BETH C, who serves as the Director of the company, bought 46,875 shares for $16.00 each. As a result, the insider paid 750,000 and bolstered with 46,875 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, SGMT now has a Market Capitalization of 129.82M and an Enterprise Value of 28.08M. Its current Enterprise Value per Revenue stands at 14.04 whereas that against EBITDA is -0.98.
Stock Price History:
Over the past 52 weeks, SGMT has reached a high of $20.71, while it has fallen to a 52-week low of $2.13. The 50-Day Moving Average of the stock is 7.6736, while the 200-Day Moving Average is calculated to be 8.3303.
Shares Statistics:
According to the various share statistics, SGMT traded on average about 1.54M shares per day over the past 3-months and 1.2M shares per day over the past 10 days. A total of 21.38M shares are outstanding, with a floating share count of 12.12M. Insiders hold about 43.28% of the company’s shares, while institutions hold 56.88% stake in the company. Shares short for SGMT as of Feb 29, 2024 were 1.62M with a Short Ratio of 1.05, compared to 1.08M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.06% and a Short% of Float of 6.52%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.52, with high estimates of -$0.37 and low estimates of -$0.63.
Analysts are recommending an EPS of between -$1.56 and -$37.31 for the fiscal current year, implying an average EPS of -$19.82. EPS for the following year is -$2.34, with 4 analysts recommending between -$1.61 and -$3.18.
