Buy, Sell Or Hold Precigen Inc (NASDAQ:PGEN) At $1.40?

In last trading session, Precigen Inc (NASDAQ:PGEN) saw 0.65 million shares changing hands with its beta currently measuring 1.71. Company’s recent per share price level of $1.40 trading at $0.02 or 1.08% at ring of the bell on the day assigns it a market valuation of $348.49M. That closing price of PGEN’s stock is at a discount of -37.14% from its 52-week high price of $1.92 and is indicating a premium of 42.14% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.86 million shares which gives us an average trading volume of 1.40 million if we extend that period to 3-months.

Precigen Inc (NASDAQ:PGEN) trade information

Upright in the green during last session for gaining 1.08%, in the last five days PGEN remained trading in the green while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $1.40 price level, adding 3.45% to its value on the day. Precigen Inc’s shares saw a change of 4.48% in year-to-date performance and have moved 0.72% in past 5-day. Precigen Inc (NASDAQ:PGEN) showed a performance of 3.70% in past 30-days. Number of shares sold short was 18.84 million shares which calculate 13.94 days to cover the short interests.

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Precigen Inc (PGEN) estimates and forecasts

Statistics highlight that Precigen Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -7.89% of value to its shares in past 6 months, showing an annual growth rate of 15.00% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 27.30% in the current quarter and calculating 30.00% increase in the next quarter. This year revenue growth is estimated to fall -75.10% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.7 million for the same. And 2 analysts are in estimates of company making revenue of $1 million in the next quarter that will end on Mar 2024. Company posted $1.76 million and $1.85 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -3.60% while estimating it to be -46.00% for the next quarter.

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 19.50% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 10.79% while estimates for its earnings growth in next 5 years are of 2.40%.

PGEN Dividends

Precigen Inc is more likely to be releasing its next quarterly report between March 04 and March 08 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.

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