Should You Sell Sangamo Therapeutics Inc (SGMO) And Go Away This Year?

Sangamo Therapeutics Inc (NASDAQ:SGMO) currently has a daily average trading volume of 9.12M but it saw 11222450 shares traded in last market. With a market cap of 353.98M USD, the company’s current market price of $1.70 came falling about -14.57 while comparing to the previous closing price of $1.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.30 and as low as $0.29. In the recent trading on the day, stock has struck highest price mark of $1.68 while lowest mark touched by it was $2.0.

Taking a look at 20-day trading activity of Sangamo Therapeutics Inc (SGMO) gives us an average price of $1.1987, while its current price level is -26.09% below from 52-week high level whereas it is 483.99% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9837 while that of 200 days or SMA-200 reads an average of $0.7298. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.40% during that period while stretching the period over a month that decreases to 15.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 66.93 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which downgraded the stock as “Sector Perform” in its note to investors issued on November 03, 2023, recommending a price target of between $6 and $2 for it. BofA Securities downgraded its recommendation for the stock as a “Underperform” from “Neutral” on April 28, 2023 while assigning a price target range of $5-$1.50. Wedbush issued its recommendations for the stock as it upgraded the price target for the stock is $16.

Over the week, SGMO’s stock price is moving 14.09% up while it is 108.21% when we observe its performance for the past one month. Year-to-date it is 212.90% up and over the past year, the stock is showing an upside performance of 169.76%.

Currently, Sangamo Therapeutics Inc’s total number of outstanding shares is 208.22M. Company’s return on investment (ROI) stands at -472.99% and return on equity (ROE) at -194.05%. Stock’s beta reads 1.21. Stock has a price to book (P/B) ratio of 14.94 while price to sale or P/S ratio amounts to 28.83. Its return on asset (ROA) is -119.44% on average.