As this happened, RBC Capital Mkts downgraded its Sangamo Therapeutics Inc [SGMO] rating to a Sector perform from a an Outperform in a research note published on November 03, 2023; the price target was decreased to $2 from $6. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late April from “a Neutral” to “an Underperform”. Wedbush also remained covering SGMO and has increased its forecast on February 27, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. BofA Securities revised its rating on January 06, 2023. It rated SGMO as “a Neutral” which previously was an “a Buy”.
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Price Performance Review of SGMO
On Tuesday, Sangamo Therapeutics Inc [NASDAQ:SGMO] saw its stock jump 10.31% to $2.14. Over the last five days, the stock has gained 9.18%. Sangamo Therapeutics Inc shares have risen nearly 293.89% since the year began. Nevertheless, the stocks have risen 472.96% over the past one year. While a 52-week high of $3.18 was reached on 11/08/24, a 52-week low of $0.30 was recorded on 07/05/24. SMA at 50 days reached $1.4800, while 200 days put it at $0.8800.
Levels Of Support And Resistance For SGMO Stock
The 24-hour chart illustrates a support level at 1.9600, which if violated will result in even more drops to 1.7700. On the upside, there is a resistance level at 2.3000. A further resistance level may holdings at 2.4500. The Relative Strength Index (RSI) on the 14-day chart is 56.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2600, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.80%. Stochastics %K at 15.65% indicates the stock is a buying.
How much short interest is there in Sangamo Therapeutics Inc?
A steep rise in short interest was recorded in Sangamo Therapeutics Inc stocks on 2024-11-15, dropping by -4.83 million shares to a total of 13.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.22 million shares. There was a decline of -36.06%, which implies that there is a negative sentiment for the stock.
