Sagimet Biosciences (NASDAQ:SGMT) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Sagimet Biosciences Inc. (SGMT)
Company Research
Source: Yahoo! Finance
For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So, the natural question for Sagimet Biosciences NASDAQ:SGMT ) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. See our latest analysis for Sagimet Biosciences How Long Is Sagimet Biosciences' Cash Runway? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Sagimet Biosciences last reported its March 2024 balanc
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SGMT
News
- Sagimet Biosciences Inc. (NASDAQ: SGMT) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $6.00 price target on the stock, down previously from $23.00.MarketBeat
- COUR Pharmaceuticals Appoints Tim Walbert to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Sagimet Biosciences Inc. (NASDAQ: SGMT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $32.00 price target on the stock.MarketBeat
- Sagimet Biosciences to Host Conference Call and Webcast to Discuss Recently Presented Data from ITT and F3 Patient Population in Phase 2b FASCINATE-2 Clinical Trial of Denifanstat [Yahoo! Finance]Yahoo! Finance
- Sagimet Biosciences to Host Conference Call and Webcast to Discuss Recently Presented Data from ITT and F3 Patient Population in Phase 2b FASCINATE-2 Clinical Trial of Denifanstat GlobeNewswire
SGMT
Sec Filings
- 6/13/24 - Form 8-K/A
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- SGMT's page on the SEC website