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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 $4.75, up 2.81% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Biotechnology industry by N/A percentage points. Sagimet Biosciences stock is currently +123% from its 52-week low of $2.13, and -77.06% from its 52-week high of $20.71.

There are currently 31.91M SGMT shares outstanding. The market cap of SGMT is $151.59M. In the last 24 hours, 305,914 SGMT shares were traded.

How to Buy Sagimet Biosciences Stock

Not sure how to invest in Sagimet Biosciences stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Pick your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  2. Provide your personal details to open your new trading account.
  1. Send your information by clicking the "Create Account" button.
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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.

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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

SGMT Price
$4.75
1w %
3.94%
1y %
N/A
5y %
N/A
P/E
-0.12x
P/B
0.8x
P/S
68.84x
PEG
N/A
Revenue
$2.00M
Earnings
-$27.92M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$151.59M
Next Earnings
N/A
Next Dividend
N/A

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 0.8x, relative to Biotechnology industry P/B ratio of 6.06x

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 $193.71M in cash and short term investments. This is sufficient to cover its annual cash burn of $22.89M.
  • SGMT has cash burn of 22890000. 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 0.02.

Failed Health Checks:

  • SGMT profit margin has gone down from N/A to -1,395.9% in the past year.

Is Sagimet Biosciences stock a Buy, Hold, or Sell, according to analysts?

Out of 4 Wall Street analysts who give forecasts on SGMT, the consensus analyst rating on SGMT is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Sagimet Biosciences stock forecast page.

SGMT Trading Indicators

SMA10
4.44
SMA20
4.28
SMA50
4.69
SMA100
6.21
SMA200
7.08
MACD
-0.07
MACD Signal
-0.17
MACD Histogram
0.1
RSI
54.79
Stochastic %K
65.61
Stochastic %D
53.23
StochRSI %K
93.17
StochRSI %D
82.49

Who is buying/selling SGMT?

Over the last year, insiders at SGMT have bought more shares than they have sold.

David Happel, President CEO of SGMT, was the latest SGMT insider to buy. They bought $63,730.70 worth of SGMT stock on Mar 26, 2024.

Get more info about who owns SGMT shares here.

Can I rely on SGMT as an income stream?

No, Sagimet Biosciences doesn't provide an income stream by paying out dividends.

What do other investors have to say about SGMT?

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your SGMT buy order

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.

Hit the Open button and your broker will place your order.

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Open eToro Account

Step 6: Watch your investment in SGMT

Now that you own some shares in SGMT, you'll want to keep up with your new stock purchase.

Put SGMT on a watchlist to get notified of the latest news about your SGMT stock.

SGMT Feed

How to Buy Stock in Sagimet Biosciences

To summarize, here are the 6 steps for buying Sagimet Biosciences stock:

  1. Figure out where to buy Sagimet Biosciences stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Research Sagimet Biosciences stock
  5. Make your SGMT buy order
  6. Watch your investment in SGMT

If you require a place to buy stocks, eToro is our favorite option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your new investment in Sagimet Biosciences, create your watchlist below.

NASDAQ: SGMT
$4.75+0.13 (+2.81%)
Updated May 16, 2024
Open eToro Account
NASDAQ: SGMT
$4.75+0.13 (+2.81%)
Updated May 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sagimet Biosciences share?

As of May 16, 2024, it costs $4.75 to buy one share of Sagimet Biosciences stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.421 shares of SGMT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Sagimet Biosciences stock?

According to 4 Wall Street analysts who monitor Sagimet Biosciences, their consensus recommendation is to buy Sagimet Biosciences stock.

What is the best way to buy Sagimet Biosciences stock?

One way to place an order for Sagimet Biosciences stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.