Precigen, Inc. (NASDAQ:PGEN) has a beta value of 1.88 and has seen 683,078 shares traded in the last trading session. The company, currently valued at $1.17 Billion, closed the last trade at $6.31 per share which meant it gained $0.17 on the day or 2.77% during that session. The PGEN stock price is -15.37% off its 52-week high price of $7.28 and 80.03% above the 52-week low of $1.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 796.44 Million shares traded. The 3-month trading volume is 1.08 Million shares.
The consensus among analysts is that Precigen, Inc. (PGEN) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.14.
Precigen, Inc. (NASDAQ:PGEN) trade information
Sporting 2.77% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Nov 17 when the PGEN stock price touched $6.70-5 or saw a rise of 5.82%. Year-to-date, Precigen, Inc. shares have moved 15.15%, while the 5-day performance has seen it change 6.86%. Over the past 30 days, the shares of Precigen, Inc. (NASDAQ:PGEN) have changed 39.29%. Short interest in the company has seen 27.77 Million shares shorted with days to cover at 25.71.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 42.63% from current levels. The projected low price target is $6 while the price target rests at a high of $13. In that case, then, we find that the current price level is +106.02% off the targeted high while a plunge would see the stock lose -4.91% from current levels.
Precigen, Inc. (PGEN) estimates and forecasts
Figures show that Precigen, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +154.95% over the past 6 months, with this year growth rate of -33.58%, compared to 14.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 84.4% and 68.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be +17%.
3 analysts offering their estimates for the company have set an average revenue estimate of $22.22 Million for the current quarter. 2 have an estimated revenue figure of $22.45 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $17Million and $29.84 Million respectively for this quarter and the next, and analysts expect sales will grow by 30.7% for the current quarter and -24.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.1% over the past 5 years. Earnings growth for 2020 is a modest +57.6% while over the next 5 years, the company’s earnings are expected to increase by 2.4%.
Precigen, Inc. (NASDAQ:PGEN)’s Major holders
Insiders own 18.32% of the company shares, while shares held by institutions stand at 67.54% with a share float percentage of 82.69%. Investors are also buoyed by the number of investors in a company, with Precigen, Inc. having a total of 216 institutions that hold shares in the company. The top two institutional holders are Third Security, LLC with over 84.02 Million shares worth more than $294.07 Million. As of September 29, 2020, Third Security, LLC held 45.3% of shares outstanding.
The other major institutional holder is Miller Value Partners, LLC, with the holding of over 7.56 Million shares as of September 29, 2020. The firm’s total holdings are worth over $26.46 Million and represent 4.08% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Trust for Advised Port-Miller Opportunity Trust and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF. As of September 29, 2020, the former fund manager holds about 3.13% shares in the company for having 5800000 shares of worth $20.3 Million while later fund manager owns 2.49 Million shares of worth $10.69 Million as of October 30, 2020, which makes it owner of about 1.34% of company’s outstanding stock.