Sage Therapeutics Inc (NASDAQ: SAGE) on Tuesday, plunged -0.48% from the previous trading day ,before settling in for the closing price of $16.60. Within the past 52 weeks, SAGE’s price has moved between $16.00 and $59.99.
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A company in the Healthcare sector has jumped its sales by 3395.58% annually for the last half of the decade. The company achieved an average annual earnings per share of 30.94%. With a float of $49.05 million, this company’s outstanding shares have now reached $60.04 million.
In an organization with 487 employees, it is important to assess its efficiency.
Sage Therapeutics Inc (SAGE) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Sage Therapeutics Inc is 18.39%, while institutional ownership is 94.72%. The most recent insider transaction that took place on Aug 09 ’23, was worth 37,279. In this transaction Director of this company bought 2,000 shares at a rate of $18.64, taking the stock ownership to the 3,000 shares. Before that another transaction happened on May 09 ’23, when Company’s Director bought 1,000 for $50.50, making the entire transaction worth $50,500. This insider now owns 1,000 shares in total.
Sage Therapeutics Inc (SAGE) Latest Financial update
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.55 earnings per share (EPS) for the period topping the consensus outlook (set at -$1.28) by $0.73. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 30.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.80% during the next five years compared to -2.28% drop over the previous five years of trading.
Sage Therapeutics Inc (NASDAQ: SAGE) Trading Performance Indicators
Sage Therapeutics Inc (SAGE) is currently performing well based on its current performance indicators. A quick ratio of 10.49 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.05, a number that is poised to hit -1.63 in the next quarter and is forecasted to reach -4.67 in one year’s time.
Technical Analysis of Sage Therapeutics Inc (SAGE)
Let’s dig in a bit further. During the last 5-days, its volume was 0.68 million. That was inferior than the volume of 0.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.16%. Additionally, its Average True Range was 0.87.
During the past 100 days, Sage Therapeutics Inc’s (SAGE) raw stochastic average was set at 4.24%, which indicates a significant decrease from 12.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.35% in the past 14 days, which was lower than the 55.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.42, while its 200-day Moving Average is $24.39. However, in the short run, Sage Therapeutics Inc’s stock first resistance to watch stands at $16.95. Second resistance stands at $17.39. The third major resistance level sits at $17.73. If the price goes on to break the first support level at $16.18, it is likely to go to the next support level at $15.84. The third support level lies at $15.40 if the price breaches the second support level.
Sage Therapeutics Inc (NASDAQ: SAGE) Key Stats
Market capitalization of the company is 993.02 million based on 60,107K outstanding shares. Right now, sales total 86,460 K and income totals -541,490 K. The company made 77,970 K in profit during its latest quarter, and -32,710 K in sales during its previous quarter.
