Sangamo Therapeutics Inc (NASDAQ:SGMO) has a beta value of 1.09 and has seen 1.02 million shares traded in the recent trading session. The company, currently valued at $379.25M, closed the recent trade at $1.89 per share which meant it gained $0.01 on the day or 0.80% during that session. The SGMO stock price is -68.25% off its 52-week high price of $3.18 and 84.13% above the 52-week low of $0.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.99 million shares traded. The 3-month trading volume is 7.17 million shares.
The consensus among analysts is that Sangamo Therapeutics Inc (SGMO) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Sangamo Therapeutics Inc (NASDAQ:SGMO) trade information
Sporting 0.80% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SGMO stock price touched $1.89 or saw a rise of 10.43%. Year-to-date, Sangamo Therapeutics Inc shares have moved 248.79%, while the 5-day performance has seen it change -0.26%. Over the past 30 days, the shares of Sangamo Therapeutics Inc (NASDAQ:SGMO) have changed 26.33%. Short interest in the company has seen 18.98 million shares shorted with days to cover at 1.92.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 84.25% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $19.0. In that case, then, we find that the latest price level in today’s session is -905.29% off the targeted high while a plunge would see the stock gain -164.55% from the levels at last check today.
Sangamo Therapeutics Inc (SGMO) estimates and forecasts
Figures show that Sangamo Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 205.01% over the past 6 months, with this year growth rate of 11.86%, compared to 18.00% for the industry. Revenue growth from the last financial year stood is estimated to be -65.51%.
6 analysts offering their estimates for the company have set an average revenue estimate of 10.32M for the current quarter. 3 have an estimated revenue figure of 31.5M for the next ending quarter. Year-ago sales stood 2.04M and 481k respectively for this quarter and the next, and analysts expect sales will grow by 405.22% for the current quarter and -65.51% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.96% over the past 5 years.
SGMO Dividends
Sangamo Therapeutics Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sangamo Therapeutics Inc (NASDAQ:SGMO)’s Major holders
Insiders own 2.38% of the company shares, while shares held by institutions stand at 27.16% with a share float percentage of 27.82%. Investors are also buoyed by the number of investors in a company, with Sangamo Therapeutics Inc having a total of 132.0 institutions that hold shares in the company. The top two institutional holders are WASATCH ADVISORS LP with over 20.09 million shares worth more than $7.2 million. As of 2024-06-30, WASATCH ADVISORS LP held 11.1403% of shares outstanding.
The other major institutional holder is ARMISTICE CAPITAL, LLC, with the holding of over 14.06 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.04 million and represent 7.7963% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Wasatch Ultra Growth Fund and Wasatch Microcap Fund. As of Sep 30, 2024, the former fund manager holds about 5.26% shares in the company for having 10.97 shares of worth $20.8 million while later fund manager owns 5.65 shares of worth $10.71 million as of Sep 30, 2024, which makes it owner of about 2.71% of company’s outstanding stock.
