tiprankstipranks
Trending News
More News >

Sangamo Biosciences Receives Nasdaq Deficiency Notice

Story Highlights
Sangamo Biosciences Receives Nasdaq Deficiency Notice

Confident Investing Starts Here:

Sangamo Biosciences ( (SGMO) ) just unveiled an update.

On April 30, 2025, Sangamo Therapeutics, Inc. received a deficiency notice from Nasdaq due to its common stock’s bid price closing below $1.00 per share for 30 consecutive business days, which is below the required minimum for continued listing. The company has until October 27, 2025, to regain compliance by maintaining a minimum bid price of $1.00 per share for at least 10 consecutive business days. If compliance is not achieved by then, Sangamo may qualify for an additional 180-day compliance period, provided it meets other listing requirements and notifies Nasdaq of its intention to resolve the issue, potentially through a reverse stock split. Failure to comply could result in delisting, though the company can appeal such a decision.

Spark’s Take on SGMO Stock

According to Spark, TipRanks’ AI Analyst, SGMO is a Neutral.

Sangamo Biosciences presents a mixed picture. Significant financial challenges, including declining revenues and persistent negative cash flows, weigh heavily on its overall score. Technical indicators suggest a bearish trend, and valuation metrics pose concerns with a negative P/E ratio and no dividend yield. However, positive developments in strategic partnerships and neurology pipeline advancements provide some optimism, though offset by the need to secure additional financing and a partner for the Fabry program.

To see Spark’s full report on SGMO stock, click here.

More about Sangamo Biosciences

Average Trading Volume: 6,607,441

Technical Sentiment Signal: Sell

Current Market Cap: $163.7M

For a thorough assessment of SGMO stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App