In yesterday’s Wall Street session, Sangamo Therapeutics Inc (NASDAQ:SGMO) shares traded at $0.98, down -11.35% from the previous session.
SGMO stock price is now 73.89% away from the 50-day moving average and 68.03% away from the 200-day moving average. The market capitalization of the company currently stands at $203.04M.
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With the price target reduced from $6 to $2, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Sangamo Therapeutics Inc (NASDAQ: SGMO). On April 28, 2023, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $5 to quote $1.50, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, BIOGEN INC., 10% Owner sold 6,000,000 shares of the company’s stock on Sep 26 ’23. The stock was sold for $3,000,000 at an average price of $0.50. Upon completion of the transaction, the 10% Owner now directly owns 17,652,466 shares in the company, valued at $17.3 million. A total of 10.03% of the company’s stock is owned by insiders.
During the past 12 months, Sangamo Therapeutics Inc has had a low of $0.29 and a high of $1.48. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 1.03, and a quick ratio of 1.03. The fifty day moving average price for SGMO is $0.569 and a two-hundred day moving average price translates $0.5827 for the stock.
The latest earnings results from Sangamo Therapeutics Inc (NASDAQ: SGMO) was released for 2024-06-30. The net profit margin was -2033.69% and return on equity was -194.05% for SGMO. The company reported revenue of $0.36 million for the quarter, compared to $6.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -94.79 percent.
