While Sage Therapeutics Inc has underperformed by -0.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SAGE fell by -64.38%, with highs and lows ranging from $28.26 to $7.43, whereas the simple moving average fell by -54.36% in the last 200 days.
On July 30, 2024, TD Cowen Downgraded Sage Therapeutics Inc (NASDAQ: SAGE) to Hold. A report published by JP Morgan on July 25, 2024, Downgraded its rating to ‘Neutral’ for SAGE. Robert W. Baird also rated SAGE shares as ‘Neutral’, setting a target price of $15 on the company’s shares in an initiating report dated May 29, 2024. Citigroup Initiated an Sell rating on May 29, 2024, and assigned a price target of $8. BofA Securities April 17, 2024d its ‘Neutral’ rating to ‘Underperform’ for SAGE, as published in its report on April 17, 2024. Deutsche Bank’s report from December 12, 2023 suggests a price prediction of $21 for SAGE shares, giving the stock a ‘Hold’ rating. Needham also rated the stock as ‘Hold’.
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Analysis of Sage Therapeutics Inc (SAGE)
Further, the quarter-over-quarter increase in sales is 249.80%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Sage Therapeutics Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -55.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SAGE is recording an average volume of 1.01M. On a monthly basis, the volatility of the stock is set at 5.28%, whereas on a weekly basis, it is put at 5.55%, with a loss of -11.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.71, showing growth from the present price of $7.44, which can serve as yet another indication of whether SAGE is worth investing in or should be passed over.
How Do You Analyze Sage Therapeutics Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.64%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 88.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SAGE shares are owned by institutional investors to the tune of 88.63% at present.
