In the last trading session, 2.49 million Precigen Inc (NASDAQ:PGEN) shares changed hands as the company’s beta touched 1.83. With the company’s per share price at $1.18 changed hands at $0.03 or 2.61% during last session, the market valuation stood at $293.73M. PGEN’s last price was a discount, traded about -94.07% off its 52-week high of $2.29. The share price had its 52-week low at $0.81, which suggests the last value was 31.36% up since then. When we look at Precigen Inc’s average trading volume, we note the 10-day average is 2.85 million shares, with the 3-month average coming to 1.51 million.
Analysts gave the Precigen Inc (PGEN) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended PGEN as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Precigen Inc’s EPS for the current quarter is expected to be -$0.08.
Precigen Inc (NASDAQ:PGEN) trade information
Instantly PGEN was in green as seen at the end of in last trading. With action 8.26%, the performance over the past five days has been green. The jump to weekly highs of 1.2210 on Friday, 11/17/23 added 2.61% to the stock’s daily price. The company’s shares are showing year-to-date downside of -22.37%, with the 5-day performance at 8.26% in the green. However, in the 30-day time frame, Precigen Inc (NASDAQ:PGEN) is 10.28% up. Looking at the short shares, we see there were 15.88 million shares sold at short interest cover period of 16.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is $9.00, meaning bulls need an upside of 86.89% from its current market value. According to analyst projections, PGEN’s forecast low is $6.00 with $14.00 as the target high. To hit the forecast high, the stock’s price needs a -1086.44% plunge from its current level, while the stock would need to soar -408.47% for it to hit the projected low.
Precigen Inc (PGEN) estimates and forecasts
Data shows that the Precigen Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.53% over the past 6 months, a 15.00% in annual growth rate that is considerably higher than the industry average of 14.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Precigen Inc will rise 27.30%, while the growth in revenue is estimated to hit 30.00% for the next quarter. Year-over-year growth is forecast to reach -75.10% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $1.7 million. 2 analysts are of the opinion that Precigen Inc’s revenue for the quarter ending Mar 2024 will be $1 million. The company’s revenue for the corresponding quarters a year ago was $1.76 million and $1.85 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.60%. The estimates for the next quarter sales put growth at -46.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.50%. The 2023 estimates are for Precigen Inc earnings to increase by 10.79%, but the outlook for the next 5-year period is at 2.40% per year.
Precigen Inc is expected to release its next quarterly earnings report on November 09.
Precigen Inc (NASDAQ:PGEN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.07% of Precigen Inc shares while 62.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.41%. There are 62.42% institutions holding the Precigen Inc stock share, with Patient Capital Management, LLC the top institutional holder. As of Sep 29, 2023, the company held 5.53% of the shares, roughly 13.75 million PGEN shares worth $16.23 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.20% or 10.46 million shares worth $12.34 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were Trust for Advised Port-Patient Opportunity Trust and Vanguard Total Stock Market Index Fund. With 11.0 million shares estimated at $12.98 million under it, the former controlled 4.42% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.70% of the shares, roughly 4.23 million shares worth around $4.99 million.