SAGE Stock Summary and Trading Ideas (Sage Therapeutics | NASDAQ:SAGE)

Sage Therapeutics Inc is a clinical-stage biopharmaceutical company focused on brain health medicines. The company is targeting diseases and disorders of the brain with three key focus areas: depression, neurology and neuropsychiatry; also targeting two critical central nervous system, or CNS, receptor systems, GABA and NMDA. Its products ZURZUVAE is a medicine for the treatment of postpartum depression, or PPD, in adults, and ZULRESSO is a CIV injection for the treatment of postpartum depression in individuals 15 years old and older. It also has other drugs in its pipeline such as SAGE-324, Dalzanemdor (SAGE-718) among others.

Sage Therapeutics trades on the NASDAQ stock market under the symbol SAGE.

As of April 18, 2024, SAGE stock price climbed to $13.27 with 688,932 million shares trading.

SAGE has a beta of 1.77, meaning it tends to be more sensitive to market movements. SAGE has a correlation of 0.07 to the broad based SPY ETF.

SAGE has a market cap of $797.62 million. This is considered a Small Cap stock.

Last quarter Sage Therapeutics reported $78 million in Revenue and -$.55 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.73.

In the last 3 years, SAGE stock traded as high as $80.87 and as low as $10.92.

The top ETF exchange traded funds that SAGE belongs to (by Net Assets): XBI, VTI, VB, IWM, VXF.

SAGE has underperformed the market in the last year with a price return of -71.0% while the SPY ETF gained +22.6%. SAGE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -50.8% and -22.6%, respectively, while the SPY returned +6.4% and -3.6%, respectively.

SAGE support price is $12.14 and resistance is $13.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SAGE stock will trade within this expected range on the day.