Sage Therapeutics Inc. (NASDAQ:SAGE) traded today at a new 52-week low of $43.91. This new low was reached on below average trading volume as 730,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Sage Therapeutics Inc is a clinical-stage biopharmaceutical company focused on the study of the nervous system and brain to discover medicines to treat life-threatening, rare central nervous system disorders. The company’s lead development program is SAGE-217 program which is in Phase 3 clinical trials for post-partum depression, essential tremor, Parkinson’s disease, and major depressive disorder. The company is also developing several other compounds for treatment that are in the early stage of development.
In the past 52 weeks, shares of Sage Therapeutics Inc. have traded between the current low of $43.91 and a high of $98.39 and is now at $44.85.
Sage Therapeutics Inc. (NASDAQ:SAGE) is currently priced 10.8% above its average consensus analyst price target of $40.00.
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