In last trading session, Ngm Biopharmaceuticals Inc (NASDAQ:NGM) saw 0.41 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $0.60 trading at $0.0 or -0.51% at ring of the bell on the day assigns it a market valuation of $49.66M. That closing price of NGM’s stock is at a discount of -870.0% from its 52-week high price of $5.82 and is equal to its 52-week low price of $0.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.36 million shares which gives us an average trading volume of 468.46K if we extend that period to 3-months.
For Ngm Biopharmaceuticals Inc (NGM), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.41 in the current quarter.
Ngm Biopharmaceuticals Inc (NASDAQ:NGM) trade information
Upright in the red during last session for losing -0.51%, in the last five days NGM remained trading in the red while hitting it’s week-highest on Monday, 11/13/23 when the stock touched $0.60 price level, adding 28.54% to its value on the day. Ngm Biopharmaceuticals Inc’s shares saw a change of -88.04% in year-to-date performance and have moved -19.34% in past 5-day. Ngm Biopharmaceuticals Inc (NASDAQ:NGM) showed a performance of -38.22% in past 30-days. Number of shares sold short was 2.66 million shares which calculate 3.86 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.40 to the stock, which implies a rise of 88.89% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $7.00. It follows that stock’s current price would drop -1066.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -566.67% for stock’s current value.
Ngm Biopharmaceuticals Inc (NGM) estimates and forecasts
Statistics highlight that Ngm Biopharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -81.86% of value to its shares in past 6 months, showing an annual growth rate of 10.34% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 8.90% in the current quarter and calculating 37.90% increase in the next quarter. This year revenue growth is estimated to fall -91.00% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $830k for the same. And 3 analysts are in estimates of company making revenue of $250k in the next quarter that will end on Mar 2024.
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 -11.32% during past 5 years.
Ngm Biopharmaceuticals Inc is more likely to be releasing its next quarterly report on November 02 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.
Ngm Biopharmaceuticals Inc (NASDAQ:NGM)’s Major holders
Insiders are in possession of 21.70% of company’s total shares while institution are holding 59.76 percent of that, with stock having share float percentage of 76.31%. Investors also watch the number of corporate investors in a company very closely, which is 59.76% institutions for Ngm Biopharmaceuticals Inc that are currently holding shares of the company. Column Group LLC is the top institutional holder at NGM for having 18.14 million shares of worth $10.89 million. And as of Sep 29, 2023, it was holding 21.93% of the company’s outstanding shares.
The second largest institutional holder is EcoR1 Capital, LLC, which was holding about 6.44 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 7.78% of outstanding shares, having a total worth of $3.86 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.27 million shares of worth $0.76 million or 1.53% of the total outstanding shares. The later fund manager was in possession of 1.03 million shares on Sep 29, 2023, making its stake of worth around $0.62 million in the company or a holder of 1.25% of company’s stock.