Sagimet Biosciences Inc. (SGMT): Should You Buy This New Penny Stock Now? [Yahoo! Finance]
Sagimet Biosciences Inc. (SGMT)
Company Research
Source: Yahoo! Finance
Fears of a US recession are growing, sending stock markets down, and investors around the world are on edge. The US Bureau of Labor Statistics (BLS) released July job figures that were worse than anticipated, revealing only 114,000 new jobs generated in July compared to the predicted 175,000. These data alarmed investors, as did the disappointing latest earnings from tech giants. As a result, the manufacturing industry in the US had an eight-month low in activity and the unemployment rate reached a three-year high of 4.3% due to a decline in new contracts. Monday was the worst day for Wall Street in nearly two years as key indexes fell on worries about a US recession. The average of the 500 largest publicly traded companies plummeted 3% to 5,186.33. However, the 500 large companies are still up more than 10% for the year. Chris Weston, of the US online stockbroker Pepperstone, said global markets were “at a truly important juncture”. “What really matters now is whether money mana
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SGMT
News
- Sagimet Announces Oral Presentation at the 8th Annual MASH Drug Development SummitGlobeNewswire
- Sagimet Biosciences to Participate in Two Upcoming Investor ConferencesGlobeNewswire
- Sagimet Biosciences Inc. (NASDAQ: SGMT) had its price target lowered by analysts at JMP Securities from $48.00 to $32.00. They now have a "market outperform" rating on the stock.MarketBeat
- 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 Reports Second Quarter 2024 Financial Results and Provides Corporate UpdatesGlobeNewswire
SGMT
Earnings
- 8/14/24 - Beat
SGMT
Sec Filings
- 8/27/24 - Form EFFECT
- 8/16/24 - Form 8-K
- 8/15/24 - Form S-3
- SGMT's page on the SEC website