Sight Sciences Inc (NASDAQ:SGHT) price on Friday, January 17, fall -0.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.83.
A look at the stock’s price movement, the close in the last trading session was $2.84, moving within a range at $2.675 and $2.875. The beta value (5-Year monthly) was 2.734. Turning to its 52-week performance, $8.45 and $2.83 were the 52-week high and 52-week low respectively. Overall, SGHT moved -22.47% over the past month.
Sight Sciences Inc’s market cap currently stands at around $143.63 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 18.95M for the company’s revenue for the quarter, with a low and high estimate of 18.9M and 19M respectively. The average forecast suggests up to a 1.06% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 79.75M, representing a -1.61% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SGHT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 1 recommend SGHT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SGHT’s current price about -15.86% and -24.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 22.87, while 7-day volatility ratio is 6.22% and 5.21% in the 30-day chart. Further, Sight Sciences Inc (SGHT) has a beta value of 2.56, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $7.5, forecast between a low of $5 and high of $10. Looking at the price targets, the low is -76.68% off current price level while to achieve the yearly target high, price needs to move -253.36%. Nonetheless, investors will most likely welcome a -165.02% jump to $7.5 which is the analysts’ median price.
If we refocus on Sight Sciences Inc (NASDAQ:SGHT), historical trading data shows that trading volumes averaged 0.25 over the past 10 days and 236.59K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.40 million shares.
The 41.96% of Sight Sciences Inc’s shares are in the hands of company insiders while institutional holders own 32.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.08 million on 2024-12-31, giving us a short ratio of 4.78. The data shows that as of 2024-12-31 short interest in Sight Sciences Inc (SGHT) stood at 294.0 of shares outstanding, with shares short rising to 0.98 million registered in 2024-11-29. Current price change has pushed the stock -22.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SGHT stock continues to rise going into the next quarter.
