Sangamo Therapeutics Inc (NASDAQ: SGMO)’s Stock Is Down -70.12% Since The Beginning Of The Year, Likely To Sustain The Trend In 2024

During the last session, Sangamo Therapeutics Inc (NASDAQ:SGMO)’s traded shares were 1.16 million, with the beta value of the company hitting 1.40. At the end of the trading day, the stock’s price was $0.49, reflecting an intraday loss of -5.36% or -$0.03. The 52-week high for the SGMO share is $1.78, that puts it down -263.27 from that peak though still a striking 40.82% gain since the share price plummeted to a 52-week low of $0.29. The company’s market capitalization is $100.41M, and the average trade volume was 2.41 million shares over the past three months.

Sangamo Therapeutics Inc (NASDAQ:SGMO) trade information

Sangamo Therapeutics Inc (SGMO) registered a -5.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.36% in intraday trading to $0.49, hitting a weekly high. The stock’s 5-day price performance is -4.46%, and it has moved by -23.17% in 30 days. Based on these gigs, the overall price performance for the year is -70.12%.

Sangamo Therapeutics Inc (SGMO) estimates and forecasts

Statistics show that Sangamo Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Sangamo Therapeutics Inc (SGMO) shares have gone up 1.38% during the last six months, with a year-to-date growth rate less than the industry average at 8.47% against 12.90. In the rating firms’ projections, revenue will decrease -74.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.65M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 8.24M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 157.96M and 14.83M respectively. In this case, analysts expect current quarter sales to shrink by -95.80% and then drop by -44.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.96%. While earnings are projected to return 66.30% in 2024.

SGMO Dividends

Sangamo Therapeutics Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Sangamo Therapeutics Inc (NASDAQ:SGMO)’s Major holders