Technical Outlook And Game Plan For Sangamo Therapeutics Inc (NASDAQ: SGMO)

Sangamo Therapeutics Inc (SGMO) concluded trading on Wednesday at a closing price of $0.56, with 262.28 million shares of worth about $146.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.29% during that period and on July 24, 2024 the price saw a gain of about 39.55%. Currently the company’s common shares owned by public are about 207.51M shares, out of which, 186.71M shares are available for trading.

Stock saw a price change of 28.44% in past 5 days and over the past one month there was a price change of 19.20%. Year-to-date (YTD), SGMO shares are showing a performance of 3.07% which decreased to -57.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.29 but also hit the highest price of $1.48 during that period. The average intraday trading volume for Sangamo Therapeutics Inc shares is 2.27 million. The stock is currently trading 43.51% above its 20-day simple moving average (SMA20), while that difference is up 13.66% for SMA50 and it goes to 0.19% higher than SMA200.

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Sangamo Therapeutics Inc (NASDAQ: SGMO) currently have 207.51M outstanding shares and institutions hold larger chunk of about 49.04% of that.

The stock has a current market capitalization of $116.21M and its 3Y-monthly beta is at 1.24. It has posted earnings per share of -$1.86 in the same period. It has Quick Ratio of 1.71 while making debt-to-equity ratio of 0.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SGMO, volatility over the week remained 26.83% while standing at 16.47% over the month.

Stock’s fiscal year EPS is expected to rise by 64.58% while it is estimated to increase by 65.94% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on November 03, 2023 offering a Sector perform rating for the stock and assigned a target price range of between $6 and $2 to it. Coverage by BofA Securities stated Sangamo Therapeutics Inc (SGMO) stock as an Underperform in their note to investors on April 28, 2023, suggesting a price target of $1.50 for the stock. On February 27, 2023, Wedbush Upgrade their recommendations, while on January 06, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $5. Stock get a Neutral rating from Wedbush on June 13, 2022.

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