After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Sagimet Biosciences Announces Appointment of Tim Walbert and Paul Hoelscher to its Board of Directors.
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Stocks Info
This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Sagimet Biosciences Inc is $111.82M. A total of 1.31 million shares were traded on the day, compared to an average of 1.68M shares.
In the most recent transaction, Happel David bought 1,600 shares of SGMT for 4.10 per share on Dec 07 ’23. After the transaction, the President & CEO now owns 627,100 company shares. In a previous transaction on Nov 16 ’23, Happel David bought 590 shares at 2.35 per share. SGMT shares that President & CEO owns now total 590.
Among the insiders who bought shares, SEIDENBERG BETH C acquired of 46,875 shares on Jul 18 ’23 at a per-share price of $16.00. This resulted in the Director holding 46,875 shares of SGMT after the transaction. In another insider transaction, NEW ENTERPRISE ASSOCIATES 13 L bought 30,000 shares at $16.00 per share on Jul 18 ’23. Company shares held by the 10% Owner now total 3,850,275.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SGMT has a high of $20.71 and a low of $2.13.
As of this writing, SGMT has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.32 per share and a lower estimate of -$0.51. The company reported an EPS of -$0.35 in the last quarter, which was 64.60% higher than expectations of -$0.99.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $4.58, while its Total Shareholder’s Equity was -$158.26M.
Analysts Opinion
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. 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 5.00.
