Investors’ Patience Is Being Tested Right Now By Sagimet Biosciences Inc (NASDAQ: SGMT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Sagimet Biosciences Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Sagimet Biosciences Inc is $109.48M. A total of 3.68 million shares were traded on the day, compared to an average of 1.03M shares.

In the most recent transaction, Kemble George sold 23,625 shares of SGMT for 3.17 per share on Jul 23 ’24. After the transaction, the Executive Chairman now owns 118,693 company shares. In a previous transaction on Jul 19 ’24, Martins Eduardo Bruno sold 8,357 shares at 3.10 per share. SGMT shares that Chief Medical Officer owns now total 81,213.

Among the insiders who sold shares, Rozek Elizabeth disposed of 10,914 shares on Jul 19 ’24 at a per-share price of $3.10. This resulted in the General Counsel and CCO holding 160,506 shares of SGMT after the transaction. In another insider transaction, Kemble George sold 14,062 shares at $3.10 per share on Jul 19 ’24. Company shares held by the Executive Chairman now total 142,318.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SGMT has a high of $20.71 and a low of $2.13.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SGMT’s latest balance sheet shows that the firm has $56.73M in Cash & Short Term Investments as of fiscal 2021. There were $348.00k in debt and $2.44M in liabilities at the time. Its Book Value Per Share was $5.74, while its Total Shareholder’s Equity was -$158.26M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SGMT is Buy with a score of 4.67.

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