Sight Sciences Inc (NASDAQ:SGHT) Shares Dropped -7.66% In A Week. Can It Continue Rising?

NOVA

In last trading session, Sight Sciences Inc (NASDAQ:SGHT) saw 0.47 million shares changing hands with its beta currently measuring 2.51. Company’s recent per share price level of $2.53 trading at -$0.23 or -8.33% at ring of the bell on the day assigns it a market valuation of $128.41M. That closing price of SGHT’s stock is at a discount of -233.99% from its 52-week high price of $8.45 and is indicating a premium of 1.19% from its 52-week low price of $2.50.

For Sight Sciences Inc (SGHT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.

Sight Sciences Inc (NASDAQ:SGHT) trade information

Upright in the red during last session for losing -8.33%, in the last five days SGHT remained trading in the red while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $2.53 price level, adding 11.85% to its value on the day. Sight Sciences Inc’s shares saw a change of -30.49% in year-to-date performance and have moved -7.66% in past 5-day. Sight Sciences Inc (NASDAQ:SGHT) showed a performance of -12.15% in past 30-days.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 49.4% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -97.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -97.63% for stock’s current value.

Sight Sciences Inc (SGHT) estimates and forecasts

This year revenue growth is estimated to fall -1.59% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 18.98M for the same. And 6 analysts are in estimates of company making revenue of 18.75M in the next quarter. Company posted 18.75M and 19.27M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.17% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 15.43% while estimates for its earnings growth in next 5 years are of 18.45%.

Sight Sciences Inc (NASDAQ:SGHT)’s Major holders

BANK OF AMERICA CORP /DE/ is the top institutional holder at SGHT for having 3.15 million shares of worth $21.0 million. And as of 2024-06-30, it was holding 6.361 of the company’s outstanding shares.

The second largest institutional holder is UBS GROUP AG, which was holding about 2.86 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.771 of outstanding shares, having a total worth of $19.05 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 933.75 shares of worth $2.36 million or 1.84% of the total outstanding shares. The later fund manager was in possession of 934.59 shares on Nov 30, 2024 , making its stake of worth around $2.36 million in the company or a holder of 1.84% of company’s stock.