How to Buy Sagimet Biosciences Stock
Sagimet Biosciences Inc
Sagimet Biosciences Inc. , a clinical-stage biopharmaceutical company, develops therapeutics called fatty acid synthase (FASN) inhibitors for the treatment of diseases that result from dysfunctional lipid metabolism pathways.
Sagimet Biosciences stock last closed at $2.55, up 6.69% from the previous day, and has decreased 36.72% in one year. It has overperformed other stocks in the Biotechnology industry by 0.4 percentage points. Sagimet Biosciences stock is currently +47.4% from its 52-week low of $1.73, and -65.45% from its 52-week high of $7.38.
There are currently 32.2M SGMT shares outstanding. The market cap of SGMT is $82.10M. In the last 24 hours, 903,137 SGMT shares were traded.
How to Buy Sagimet Biosciences Stock
Not sure how to invest in Sagimet Biosciences stock? Here's how.
- Figure out where to buy Sagimet Biosciences stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Sagimet Biosciences stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your details.
- Research Sagimet Biosciences stock: The Sagimet Biosciences ticker symbol is SGMT. Is Sagimet Biosciences stock a good investment? Should you buy shares of SGMT? How do SGMT's underlying business fundamentals look? Do top analysts think Sagimet Biosciences is a good buy? Why has SGMT's stock price moved recently? (Hint: Our stock research tools can help you understand if SGMT is a good stock to buy).
- Make your SGMT buy order: Decide if you will purchase SGMT shares at the current market price or use a limit order to buy SGMT stock at a given price.
- Watch your investment in SGMT: Create a watchlist to monitor your new investment in Sagimet Biosciences stock.
Step 1: Figure out where to buy Sagimet Biosciences stock
You need a brokerage account to access the NASDAQ market and buy SGMT stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to buy SGMT stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on apps for stocks, you can securely and quickly fund your account:
Watch this video walkthrough for more details transferring funds into your new brokerage account.
Step 4: Research Sagimet Biosciences stock
Once you have chosen the best place to buy Sagimet Biosciences stock, it's crucial to research their stock prior to investing, so you actually comprehend the risk and upside.
Sagimet Biosciences Metrics
Sagimet Biosciences Overview
WallStreetZen was designed to help average investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on SGMT's stock page.
Is SGMT stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SGMT's intrinsic value.
Using relative valuations methods:
- SGMT may be undervalued based on its P/B ratio of 0.53x, relative to Biotechnology industry P/B ratio of 4.16x
You can access more valuation research on SGMT's stock here.
A quick look at SGMT Financials
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the SGMT balance sheet.
- SGMT has $151.25M in cash and short term investments. This is sufficient to cover its annual cash burn of $42.44M.
- SGMT has cash burn of 42435000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the SGMT balance sheet.
- SGMT has a low debt to equity ratio of 0.03.
Do analysts think it's a good time to buy Sagimet Biosciences stock
Out of 4 Equities analysts who track SGMT, the consensus analyst rating on Sagimet Biosciences is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Sagimet Biosciences stock forecast page.
SGMT Technicals
SGMT Performance Metrics
Last year, SGMT revenue was $0.00. During the last one years, SGMT's revenue has increased by -100% per year. This was slower than the Biotechnology industry average of 44.4%.
You can analyze SGMT's earnings and revenue performance here.
Are SGMT executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at SGMT have sold more shares than they have bought.
George Kemble, Executive Chairman of SGMT, was the latest SGMT insider to sell. They sold $74,820.38 worth of SGMT stock on Jul 23, 2024.
Dig into more about who owns SGMT shares here.
Does SGMT stock generate passive income?
No, Sagimet Biosciences doesn't provide an income stream by paying out dividends.
What do other traders have to say about SGMT?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your SGMT buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and your broker will place your order.
If you want more help with buying stocks on eToro, click the helpful video below:
Step 6: Watch your investment in SGMT
Now that you own some SGMT shares, you'll want to keep up with your new shares.
Put SGMT on a watchlist to track your SGMT stock.
SGMT Feed
How to Buy Stock in Sagimet Biosciences
To reiterate, here are the 6 steps to buy Sagimet Biosciences stock:
- Figure out where to buy Sagimet Biosciences stock
- Sign up for a brokerage account
- Put funds into your investment account
- Research Sagimet Biosciences stock
- Make your SGMT buy order
- Watch your investment in SGMT
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Sagimet Biosciences, click the button below.
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