Sight Sciences Inc (NASDAQ:SGHT) price on Friday, February 07, rose 2.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.77.
A look at the stock’s price movement, the close in the last trading session was $2.71, moving within a range at $2.68 and $2.82. The beta value (5-Year monthly) was 2.734. Turning to its 52-week performance, $8.45 and $2.67 were the 52-week high and 52-week low respectively. Overall, SGHT moved -16.31% over the past month.
Sight Sciences Inc’s market cap currently stands at around $140.60 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 18.98M 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 1.19% 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 79.77M, representing a -1.59% 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 -5.83% and -18.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.68, while 7-day volatility ratio is 5.38% and 6.02% in the 30-day chart. Further, Sight Sciences Inc (SGHT) has a beta value of 2.51, and an average true range (ATR) of 0.17. 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 -80.51% off current price level while to achieve the yearly target high, price needs to move -261.01%. Nonetheless, investors will most likely welcome a -170.76% 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 0.15 over the past 10 days and 229.57K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.40 million shares.
The 41.35% of Sight Sciences Inc’s shares are in the hands of company insiders while institutional holders own 36.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.07 million on 2025-01-15, giving us a short ratio of 4.91. The data shows that as of 2025-01-15 short interest in Sight Sciences Inc (SGHT) stood at 289.00001 of shares outstanding, with shares short rising to 1.06 million registered in 2024-12-13. Current price change has pushed the stock -23.90% 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.
