What 6 Analyst Ratings Have To Say About Sight Sciences

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6 analysts have shared their evaluations of Sight Sciences SGHT during the recent three months, expressing a mix of bullish and bearish perspectives.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 0 3 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 1 0 0
2M Ago 0 0 1 0 0
3M Ago 1 0 1 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $4.68, a high estimate of $5.50, and a low estimate of $3.00. Highlighting a 20.14% decrease, the current average has fallen from the previous average price target of $5.86.

price target chart

Breaking Down Analyst Ratings: A Detailed Examination

In examining recent analyst actions, we gain insights into how financial experts perceive Sight Sciences. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Thomas Stephan Stifel Lowers Buy $5.00 $6.00
Danielle Antalffy UBS Lowers Buy $5.00 $5.50
Frank Takkinen Lake Street Lowers Hold $3.00 $5.00
Joanne Wuensch Citigroup Lowers Neutral $4.60 $5.80
Danielle Antalffy UBS Announces Buy $5.50 -
Cecilia Furlong Morgan Stanley Lowers Equal-Weight $5.00 $7.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Sight Sciences. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Sight Sciences compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Sight Sciences's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Sight Sciences's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Sight Sciences analyst ratings.

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All You Need to Know About Sight Sciences

Sight Sciences Inc is an ophthalmic medical device company focused on the development and commercialization of surgical and nonsurgical technologies for the treatment of prevalent eye diseases. Its Surgical Glaucoma segment's product portfolio features the OMNI Surgical System, a device that facilitates the performance of both canaloplasty and trabeculotomy with a single device and single corneal incision to reduce intraocular pressure in adult patients with primary open-angle glaucoma. The company's Dry Eye segment's product portfolio consists of the TearCare System for ophthalmologists and optometrists. It derives key revenue from the Surgical Glaucoma segment.

Sight Sciences: A Financial Overview

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Sight Sciences's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 0.74%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Health Care sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Sight Sciences's net margin is impressive, surpassing industry averages. With a net margin of -54.9%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Sight Sciences's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -11.26%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Sight Sciences's ROA excels beyond industry benchmarks, reaching -7.55%. This signifies efficient management of assets and strong financial health.

Debt Management: Sight Sciences's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.37.

Analyst Ratings: Simplified

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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