Sangamo Therapeutics Inc [NASDAQ: SGMO] surged by $0.09 during the normal trading session on while it closed the day at $0.93.
Sangamo Therapeutics Inc stock has also gained 15.58% of its value over the past 7 days. However, SGMO stock has inclined by 101.74% in the 3 months of the year. Over the past six months meanwhile, it has gained 67.03% and gained 70.66% year-on date.
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The market cap for SGMO stock reached $193.06 million, with 208.22 million shares outstanding and 198.84 million shares in the current float. Compared to the average trading volume of 13.97M shares, SGMO reached a trading volume of 4813932 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Sangamo Therapeutics Inc [SGMO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SGMO shares is $3.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SGMO stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Sangamo Therapeutics Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on November 03, 2023. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $5 to $1.50. The new note on the price target was released on April 28, 2023, representing the official price target for Sangamo Therapeutics Inc stock. Previously, the target price had yet another raise to $16, while Wedbush analysts kept a Outperform rating on SGMO stock. On January 06, 2023, analysts decreased their price target for SGMO shares from 8 to 5.
The Average True Range (ATR) for Sangamo Therapeutics Inc is set at 0.08, with the Price to Sales ratio for SGMO stock in the period of the last 12 months amounting to 15.72. The Price to Book ratio for the last quarter was 8.15, with the Price to Cash per share for the same quarter was set at 0.13.
SGMO stock trade performance evaluation
Sangamo Therapeutics Inc [SGMO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.58. With this latest performance, SGMO shares gained by 9.29% in over the last four-week period, additionally plugging by 67.03% over the last 6 months – not to mention a rise of 87.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SGMO stock in for the last two-week period is set at 60.89, with the RSI for the last a single of trading hit 67.89, and the three-weeks RSI is set at 57.83 for Sangamo Therapeutics Inc [SGMO]. The present Moving Average for the last 50 days of trading for this stock 0.8568, while it was recorded at 0.8375 for the last single week of trading, and 0.6726 for the last 200 days.
Sangamo Therapeutics Inc [SGMO]: An insightful look at the core fundamentals
Sangamo Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.03.
Earnings per share (EPS) analysis for Sangamo Therapeutics Inc [SGMO] stock
With the latest financial reports released by the company, Sangamo Therapeutics Inc posted -0.59/share EPS, while the average EPS was predicted by analysts to be reported at -0.32/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.27. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SGMO.
Sangamo Therapeutics Inc [SGMO]: Institutional Ownership
There are presently around $42.10%, or 43.08%% of SGMO stock, in the hands of institutional investors. The top three institutional holders of SGMO stocks are: WASATCH ADVISORS LP with ownership of 20.09 million shares, which is approximately 11.1403%. ARMISTICE CAPITAL, LLC, holding 14.06 million shares of the stock with an approximate value of $$5.04 million in SGMO stocks shares; and ARMISTICE CAPITAL, LLC, currently with $$4.26 million in SGMO stock with ownership which is approximately 6.5977%.
