While Sage Therapeutics Inc has underperformed by -0.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SAGE fell by -52.14%, with highs and lows ranging from $28.26 to $5.84, whereas the simple moving average fell by -37.99% in the last 200 days.
On October 10, 2024, Raymond James started tracking Sage Therapeutics Inc (NASDAQ: SAGE) recommending Mkt Perform. A report published by RBC Capital Mkts on October 04, 2024, Downgraded its rating to ‘Sector Perform’ for SAGE. TD Cowen also Downgraded SAGE shares as ‘Hold’, setting a target price of $10 on the company’s shares in a report dated July 30, 2024. JP Morgan July 25, 2024d the rating to Neutral on July 25, 2024, and set its price target from $18 to $12. Robert W. Baird initiated its ‘Neutral’ rating for SAGE, as published in its report on May 29, 2024. Citigroup’s report from May 29, 2024 suggests a price prediction of $8 for SAGE shares, giving the stock a ‘Sell’ rating. BofA Securities also rated the stock as ‘Underperform’.
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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.
Sage Therapeutics Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and SAGE has an average volume of 661.57K. On a monthly basis, the volatility of the stock is set at 6.23%, whereas on a weekly basis, it is put at 5.03%, with a gain of 10.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.88, showing growth from the present price of $8.48, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 89.10% 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 89.10% at present.
