As of close of business last night, Sagimet Biosciences Inc’s stock clocked out at $5.75, down -10.85% from its previous closing price of $6.45. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 596242 shares were traded.
Ratios:
To gain a deeper understanding of SGMT’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 183.40M and an Enterprise Value of 81.66M. Its current Enterprise Value per Revenue stands at 40.83 whereas that against EBITDA is -2.85.
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 7.76, while the 200-Day Moving Average is calculated to be 8.44.
Shares Statistics:
It appears that SGMT traded 1.46M shares on average per day over the past three months and 721.7k shares per day over the past ten 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 15, 2024 were 1.56M with a Short Ratio of 1.06, compared to 622k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.88% and a Short% of Float of 6.28%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. 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.
