Sangamo Therapeutics Inc (SGMO) Looks Ready for Growth Despite -54.90% Change This Year

Sangamo Therapeutics Inc (NASDAQ: SGMO) is -54.90% lower on its value in year-to-date trading and has touched a low of $0.30 and a high of $3.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SGMO stock was last observed hovering at around $0.75 in the last trading session, with the day’s loss setting it -0.29%.

Currently trading at $0.46, the stock is -35.71% and -41.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.43 million and changing -38.40% at the moment leaves the stock -61.83% off its SMA200. SGMO registered -12.11% loss for a year compared to 6-month loss of -83.63%.

The stock witnessed a -35.98% gain in the last 1 month and extending the period to 3 months gives it a -59.65%, and is -24.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.20% over the week and 11.31% over the month.

Sangamo Therapeutics Inc (SGMO) has around 183 employees, a market worth around $105.43M and $63.76M in sales. Profit margin for the company is -126.63%. Distance from 52-week low is 51.32% and -85.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-271.09%).

The EPS is expected to grow by 27.99% this year.

Sangamo Therapeutics Inc (SGMO) Top Institutional Holders

The shares outstanding are 225.36M, and float is at 219.12M with Short Float at 12.89%.

The top institutional shareholder in the company is WASATCH ADVISORS LP with over 20.09 million shares valued at $7.2 million. The investor’s holdings represent 9.8509% of the SGMO Shares outstanding. As of 2024-06-30, the second largest holder is ARMISTICE CAPITAL, LLC with 14.06 million shares valued at $5.04 million to account for 6.894 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 11.9 million shares representing 5.8341% and valued at over $4.26 million, while BLACKROCK INC. holds 2.306 of the shares totaling 4.7 million with a market value of $1.69 million.