Sage's depression drug moves closer to approval, shares soar

Jeff Jonas CEO of Sage Therapeutics

(NASDAQ:SAGE) hit a new 52-week high and has $164.39 target or 5.00% above today's $156.56 share price. The 9 months bullish chart indicates low risk for the $6.43 billion company. The 1-year high was reported on Dec, 7 by Barchart.com. The firm issued a buy rating and a $85.00 target price on the biopharmaceutical company's stock.

The stock increased 74.90% or $68.83 during the last trading session, reaching $160.73. About 4.65M shares traded or 445.81% up from the average. The Shareholder Yield of Sage Therapeutics, Inc. It has outperformed by 99.75% the S&P500.

Analysts await Sage Therapeutics, Inc. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Therefore 88% are positive. Sage Therapeutics now has a consensus rating of "Buy" and an average target price of $105.14.

SAGE has been the topic of several other research reports. The rating was upgraded by Chardan Capital Markets on Friday, November 10 to "Buy". Canaccord Genuity maintained Sage Therapeutics, Inc. "If the results from this trial are replicated in Phase 3 trials, SAGE-217 may meet the needs of patients with MDD for a once-daily oral treatment that potentially provides a rapid, well-tolerated and durable response with a high rate of remission".

The stock of Sage Therapeutics, Inc. As per Wednesday, March 30, the company rating was initiated by Goldman Sachs. Leerink Swann maintained the shares of SAGE in report on Thursday, September 3 with "Buy" rating. Stifel Nicolaus maintained Sage Therapeutics, Inc. The firm has "Buy" rating by Cowen & Co given on Tuesday, September 5. The Company is engaged in developing and commercializing medicines to treat central nervous system (CNS) disorders. (NasdaqGM:SAGE) is -19.540182. This ratio is calculated by dividing the market value of a company by cash from operating activities. "There has been little innovation in the discovery and development of treatments for depression in the last two decades". Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. NasdaqGM:SAGE is -0.071077. Earnings Yield helps investors measure the return on investment for a given company.

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Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. The F-Score may help discover companies with strengthening balance sheets. (NYSE:BNED) presently has a current ratio of 1.32.

Looking at some alternate time periods, the 12 month price index is 3.79279, the 24 month is 1.87946, and the 36 month is 0.46366.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Sage Therapeutics earned a coverage optimism score of 0.12 on Accern's scale. (NASDAQ:SAGE). Td Asset invested in 76,630 shares. Bancorporation Of Montreal Can, Ontario - Canada-based fund reported 204 shares. Sivik Ltd Liability holds 0.58% or 20,000 shares in its portfolio. Raymond James Associates reported 0% of its portfolio in Sage Therapeutics, Inc. (NASDAQ:SAGE). Dupont Capital Corp reported 13,528 shares or 0.02% of all its holdings. (NASDAQ:SAGE) for 12,232 shares.

The Earnings to Price yield of Sage Therapeutics, Inc. (NASDAQ:SAGE). Wells Fargo And Mn stated it has 0% in Sage Therapeutics, Inc. (NASDAQ:SAGE). 78,900 were reported by Gam Hldg Ag.

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