In the last trading session, 1,242,638 shares of the Precigen, Inc. (NASDAQ:PGEN) were traded, and its beta was 2.35. Most recently the company’s share price was $7.03, and it changed around -$0.62 or -0.08% from the last close, which brings the market valuation of the company to $1.45 Billion. PGEN currently trades at a discount to its 52-week high of $11.1, offering almost -57.89% off that amount. The share price’s 52-week low was $2.14, which indicates that the current value has risen by an impressive 69.56% since then. We note from Precigen, Inc.’s average daily trading volume that its 10-day average is 1.11 Million shares, with the 3-month average coming to 1.8 Million.
Precigen, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended PGEN as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. Precigen, Inc. is expected to report earnings per share of -$0.16 for the current quarter.
Precigen, Inc. (NASDAQ:PGEN): Trading Information
Although PGEN has showed a red trend with a performance of -8.1% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $7.67- on Monday, Apr 05 increased the stock’s daily price by 8.34%. The company’s shares are currently down -0.31% year-to-date, but still up 0.0331 over the last five days. On the other hand, Precigen, Inc. (NASDAQ:PGEN) is -0.17% down in the 30-day period. We can see from the shorts that 23.32 Million shares have been sold at a short interest cover period of 12.96 day (s).
The consensus price target as assigned by Wall Street analysts is $11.83, which translates to bears needing to increase their stock price by 68.28% from its current value. Analyst projections state that PGEN is forecast to be at a low of $6 and a high of $14. In order for the stock price to hit the forecast high, the stock would need to surge +99.15% from its current level, while the stock would need to crash -14.65% from its current level to reach the projected low.
Precigen, Inc. (PGEN) projections and forecasts
Precigen, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +87.47 percent over the past six months and at a -1.61% annual growth rate that is well below the industry average of 8.2%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +54.3% in revenue this quarter, and will report an increase of 42.3% in the next quarter. The year-over-year growth rate is expected to be -21.2%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $19.14 Million in revenue for the current quarter. 5 analysts expect Precigen, Inc. to make $21.58 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $29.84 Million and $13.76 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -35.9%. Forecasts for the next quarter put sales growth at 56.8%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4%. Precigen, Inc. earnings are expected to increase by 43.3% in 2021, but the outlook is positive 2.4% per year for the next five years.
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Precigen, Inc. (NASDAQ:PGEN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 14.92% of Precigen, Inc. shares, and 61.04% of them are in the hands of institutional investors. The stock currently has a share float of 71.74%. Precigen, Inc. stock is held by 208 institutions, with Third Security, LLC being the largest institutional investor. By Dec 30, 2020, it held 39.75% of the shares, which is about 81.74 Million shares worth $833.79 Million.
Miller Value Partners, LLC, with 3.47% or 7.13 Million shares worth $72.77 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Trust for Advised Port-Miller Opportunity Trust and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 5400000 shares worth $55.08 Million, making up 2.63% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.17 Million shares worth around $22.18 Million, which represents about 1.06% of the total shares outstanding.