On Monday, Sagimet Biosciences Inc (NASDAQ: SGMT) opened higher 7.16% from the last session, before settling in for the closing price of $5.59. Price fluctuations for SGMT have ranged from $2.13 to $20.71 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 43.11% at the time writing. With a float of $21.13 million, this company’s outstanding shares have now reached $21.38 million.
Let’s look at the performance matrix of the company that is accounted for 10 employees. In terms of profitability, gross margin is 98.25%, operating margin of -1813.75%, and the pretax margin is -1462.55%.
Sagimet Biosciences Inc (SGMT) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Sagimet Biosciences Inc is 34.36%, while institutional ownership is 53.41%. The most recent insider transaction that took place on Jul 23 ’24, was worth 74,830. In this transaction Executive Chairman of this company sold 23,625 shares at a rate of $3.17, taking the stock ownership to the 118,693 shares. Before that another transaction happened on Jul 19 ’24, when Company’s Chief Medical Officer sold 8,357 for $3.10, making the entire transaction worth $25,910. This insider now owns 81,213 shares in total.
Sagimet Biosciences Inc (SGMT) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.35 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.99) by 0.64. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.11% per share during the next fiscal year.
Sagimet Biosciences Inc (NASDAQ: SGMT) Trading Performance Indicators
Check out the current performance indicators for Sagimet Biosciences Inc (SGMT). In the past quarter, the stock posted a quick ratio of 29.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 96.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.14, a number that is poised to hit -0.41 in the next quarter and is forecasted to reach -3.55 in one year’s time.
Technical Analysis of Sagimet Biosciences Inc (SGMT)
Sagimet Biosciences Inc (NASDAQ: SGMT) saw its 5-day average volume 0.68 million, a negative change from its year-to-date volume of 1.14 million. As of the previous 9 days, the stock’s Stochastic %D was 68.46%. Additionally, its Average True Range was 0.52.
During the past 100 days, Sagimet Biosciences Inc’s (SGMT) raw stochastic average was set at 95.81%, which indicates a significant increase from 93.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.19% in the past 14 days, which was lower than the 105.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.77, while its 200-day Moving Average is $4.89. Nevertheless, the first resistance level for the watch stands at $6.21 in the near term. At $6.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.73. If the price goes on to break the first support level at $5.70, it is likely to go to the next support level at $5.41. Assuming the price breaks the second support level, the third support level stands at $5.18.
Sagimet Biosciences Inc (NASDAQ: SGMT) Key Stats
There are currently 30,393K shares outstanding in the company with a market cap of 192.88 million. Presently, the company’s annual sales total 2,000 K according to its annual income of -27,880 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -8,120 K.
