At the time of writing, Sagimet Biosciences Inc [SGMT] stock is trading at $3.15, up 25.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SGMT shares have gain 2.27% over the last week, with a monthly amount glided 15.81%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sagimet Biosciences Inc [NASDAQ: SGMT] stock has seen the most recent analyst activity on June 28, 2024, when Goldman downgraded its rating to a Neutral and also revised its price target to $6 from $23. Previously, H.C. Wainwright started tracking the stock with Buy rating on May 02, 2024, and set its price target to $32. On March 25, 2024, Leerink Partners initiated with a Outperform rating and assigned a price target of $26 on the stock. TD Cowen started tracking the stock assigning a Outperform rating. Piper Sandler initiated its recommendation with a Overweight and recommended $67 as its price target on August 08, 2023. JMP Securities started tracking with a Mkt Outperform rating for this stock on August 08, 2023, and assigned it a price target of $30. In a note dated August 08, 2023, Goldman initiated an Buy rating and provided a target price of $33 on this stock.
For the past year, the stock price of Sagimet Biosciences Inc fluctuated between $2.13 and $20.71. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Sagimet Biosciences Inc [NASDAQ: SGMT] shares were valued at $3.15 at the most recent close of the market. An investor can expect a potential return of 90.48% based on the average SGMT price forecast.
Analyzing the SGMT fundamentals
Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at -18.14%, Pretax Profit Margin comes in at -14.63%, and Net Profit Margin reading is -14.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.21 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 2.75 points at the first support level, and at 2.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.62, and for the 2nd resistance point, it is at 4.09.
Ratios To Look Out For
It is important to note that Sagimet Biosciences Inc [NASDAQ:SGMT] has a current ratio of 29.11. As well, the Quick Ratio is 29.11, while the Cash Ratio is 16.75. Considering the valuation of this stock, the price to sales ratio is 50.72, the price to book ratio is 0.55.
Transactions by insiders
Recent insider trading involved Kemble George, Executive Chairman, that happened on Jul 23 ’24 when 23625.0 shares were sold. Chief Medical Officer, Martins Eduardo Bruno completed a deal on Jul 19 ’24 to sell 8357.0 shares. Meanwhile, General Counsel and CCO Rozek Elizabeth sold 10914.0 shares on Jul 19 ’24.
