There Is A Lot Of Upside Potential For Sangamo Therapeutics Inc(NASDAQ: SGMO)

Sangamo Therapeutics Inc (NASDAQ:SGMO) price on Wednesday, July 10, rose 13.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.40.

A look at the stock’s price movement, the close in the last trading session was $0.35. Turning to its 52-week performance, $1.67 and $0.29 were the 52-week high and 52-week low respectively. Overall, SGMO moved -30.56% over the past month.

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Sangamo Therapeutics Inc’s market cap currently stands at around $82.75 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that SGMO 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 50% Sell category.

SGMO’s current price about -7.63% and -22.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.97, while 7-day volatility ratio is 11.93% and 12.96% in the 30-day chart. Further, Sangamo Therapeutics Inc (SGMO) has a beta value of 1.23, and an average true range (ATR) of 0.05.

If we refocus on Sangamo Therapeutics Inc (NASDAQ:SGMO), historical trading data shows that trading volumes averaged 2.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 207.51 million shares.

The 10.03% of Sangamo Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 49.05% of the company’s shares. Current price change has pushed the stock -26.60% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SGMO stock continues to rise going into the next quarter.

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