A share price of Sana Biotechnology Inc [SANA] is currently trading at $5.40, up 2.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The SANA shares have gain 3.25% over the last week, with a monthly amount drifted -30.77%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sana Biotechnology Inc [NASDAQ: SANA] stock has seen the most recent analyst activity on June 26, 2024, when Rodman & Renshaw initiated its Buy rating and assigned the stock a price target of $16. Previously, H.C. Wainwright upgraded its rating to Buy on January 16, 2024, and kept the price target unchanged to $12. On September 25, 2023, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $9 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $8 on September 05, 2023. TD Cowen initiated its recommendation with a Market Perform. In a note dated March 01, 2021, Morgan Stanley initiated an Overweight rating and provided a target price of $40 on this stock.
Sana Biotechnology Inc experienced fluctuations in its stock price throughout the past year between $2.74 and $12.00. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Sana Biotechnology Inc [NASDAQ: SANA] shares were valued at $5.40 at the most recent close of the market. An investor can expect a potential return of 122.22% based on the average SANA price forecast.
Analyzing the SANA fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -0.89 and Total Capital is -0.48. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.17 points at the first support level, and at 4.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.52, and for the 2nd resistance point, it is at 5.63.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sana Biotechnology Inc [NASDAQ:SANA] is 6.07. On the other hand, the Quick Ratio is 6.07, and the Cash Ratio is 3.42.
Transactions by insiders
Recent insider trading involved Yang Patrick Y, Director, that happened on Mar 08 ’24 when 25000.0 shares were sold. Director, NELSEN ROBERT completed a deal on Feb 08 ’24 to buy 1.82 million shares. Meanwhile, 10% Owner ARCH Venture Fund X, L.P. bought 1.82 million shares on Feb 08 ’24.
