Sagimet Biosciences (SGMT) Stock Price, News & Analysis

Company Overview

Sagimet Biosciences Inc., a clinical-stage biopharmaceutical company, develops therapeutics called fatty acid synthase (FASN) inhibitors for the treatment of diseases that result from dysfunctional metabolic pathways in the United States. The company's lead drug candidate is Denifanstat, a once-daily pill and selective FASN inhibitor for the treatment of metabolic dysfunction associated steatohepatitis. It also develops TVB-3567, a FASN inhibitor for the treatment of acne; and other oncology programs. The company was formerly known as 3-V Biosciences, Inc. and changed its name to Sagimet Biosciences Inc. in August 2019. Sagimet Biosciences Inc. was incorporated in 2006 and is headquartered in San Mateo, California.

Key Stats

• Today's Range: $3.27 to $3.46
• 50-Day Range: $2.47 to $3.76
• 52-Week Range: $2.13 to $20.71
• Volume: 76,997 shs
• Average Volume: 903,652 shs
• Market Capitalization: $103.94 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $24.00
• Consensus Rating: Moderate Buy

Sagimet Biosciences Stock Analysis - MarketRank™

Sagimet Biosciences scored higher than 50% of companies evaluated by MarketBeat, and ranked 560th out of 1,014 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sagimet Biosciences has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Sagimet Biosciences has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Sagimet Biosciences are expected to decrease in the coming year, from ($1.56) to ($3.57) per share.

Price to Book Value per Share Ratio

Sagimet Biosciences has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.84% of the float of Sagimet Biosciences has been sold short.

Short Interest Ratio / Days to Cover

Sagimet Biosciences has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Sagimet Biosciences has recently increased by 2.76%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sagimet Biosciences does not currently pay a dividend.

Dividend Growth

Sagimet Biosciences does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.84% of the float of Sagimet Biosciences has been sold short.

Short Interest Ratio / Days to Cover

Sagimet Biosciences has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Sagimet Biosciences has recently increased by 2.76%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.70

News Sentiment

Sagimet Biosciences has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Sagimet Biosciences this week, compared to 2 articles on an average week.

Search Interest

13 people have searched for SGMT on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Sagimet Biosciences insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $178,224.00 in company stock.

Percentage Held by Insiders

17.60% of the stock of Sagimet Biosciences is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

87.86% of the stock of Sagimet Biosciences is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SGMT Stock Analysis - Frequently Asked Questions

How have SGMT shares performed this year?

Sagimet Biosciences' stock was trading at $5.42 on January 1st, 2024. Since then, SGMT shares have decreased by 38.6% and is now trading at $3.33.
View the best growth stocks for 2024 here.

How were Sagimet Biosciences' earnings last quarter?

Sagimet Biosciences Inc. (NASDAQ:SGMT) posted its quarterly earnings data on Wednesday, August, 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.09.

When did Sagimet Biosciences IPO?

Sagimet Biosciences (SGMT) raised $85 million in an initial public offering (IPO) on Friday, July 14th 2023. The company issued 5,312,500 shares at a price of $16.00 per share.

Who are Sagimet Biosciences' major shareholders?

Sagimet Biosciences' top institutional shareholders include Point72 Asset Management L.P. (7.79%), Renaissance Technologies LLC (0.80%), Squarepoint Ops LLC (0.31%) and Victory Capital Management Inc. (0.25%). Insiders that own company stock include Enterprise Associates 13 L New, David Happel, Elizabeth Rozek, George Kemble, Eduardo Bruno Martins and Beth C Seidenberg.
View institutional ownership trends.

How do I buy shares of Sagimet Biosciences?

Shares of SGMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/14/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/11/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:SGMT
• CUSIP: N/A
• CIK: 1400118
• Web: sagimet.com
• Phone: 650-561-8600
• Fax: N/A
• Employees: 8
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $24.00
• High Stock Price Target: $32.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +620.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-27,880,000.00
• Net Margins: N/A
• Pretax Margin: -1,462.75%
• Return on Equity: -20.81%
• Return on Assets: -20.06%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 29.11
• Quick Ratio: 29.11

Sales & Book Value

• Annual Sales: $2 million
• Price / Sales: 50.60
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.98 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 30,393,000
• Free Float: 25,044,000
• Market Cap: $101.21 million
• Optionable: Optionable
• Beta: 3.60