Compugen Ltd. (NASDAQ:CGEN) Reduces -6.78% In A Week: What’s Lifting The Stock? – Marketing Sentinel
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Compugen Ltd. (NASDAQ:CGEN) Reduces -6.78% In A Week: What’s Lifting The Stock?

In last trading session, Compugen Ltd. (NASDAQ:CGEN) saw 1.05 million shares changing hands with its beta currently measuring 2.31. Company’s recent per share price level of $3.85 trading at -$0.14 or -3.51% at ring of the bell on the day assigns it a market valuation of $323.09M. That closing price of CGEN’s stock is at a discount of -269.35% from its 52-week high price of $14.22 and is indicating a premium of 4.42% from its 52-week low price of $3.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.88 million shares which gives us an average trading volume of 1.32 million if we extend that period to 3-months.

For Compugen Ltd. (CGEN), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.1 in the current quarter.

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Compugen Ltd. (NASDAQ:CGEN) trade information

Upright in the red during last session for losing -3.51%, in the last five days CGEN remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $3.85 price level, adding 11.29% to its value on the day. Compugen Ltd.’s shares saw a change of -10.47% in year-to-date performance and have moved -6.78% in past 5-day. Compugen Ltd. (NASDAQ:CGEN) showed a performance of -5.87% in past 30-days. Number of shares sold short was 5.34 million shares which calculate 3.83 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $20.57 to the stock, which implies a rise of 81.28% to its current value. Analysts have been projecting $16.00 as a low price target for the stock while placing it at a high target of $28.00. It follows that stock’s current price would drop -627.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -315.58% for stock’s current value.

Compugen Ltd. (CGEN) estimates and forecasts

Statistics highlight that Compugen Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -44.20% of value to its shares in past 6 months, showing an annual growth rate of -21.62% while that of industry is 7.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2022.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3 million for the same.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.40% during past 5 years.

CGEN Dividends

Compugen Ltd. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Compugen Ltd. (NASDAQ:CGEN)’s Major holders

Insiders are in possession of 5.81% of company’s total shares while institution are holding 43.38 percent of that, with stock having share float percentage of 46.05%. Investors also watch the number of corporate investors in a company very closely, which is 43.38% institutions for Compugen Ltd. that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at CGEN for having 9.83 million shares of worth $58.7 million. And as of Sep 29, 2021, it was holding 11.72% of the company’s outstanding shares.

The second largest institutional holder is Nikko Asset Management Americas, Inc., which was holding about 7.03 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.37% of outstanding shares, having a total worth of $41.95 million.

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On the other hand, ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Genomic Revolution ETF are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 5.36 million shares of worth $34.79 million or 6.39% of the total outstanding shares. The later fund manager was in possession of 3.63 million shares on Oct 30, 2021, making its stake of worth around $23.56 million in the company or a holder of 4.33% of company’s stock.

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