FibroGen Inc (NASDAQ:FGEN) Is -0.54% Lower Than A Week Ago, Can It Hit Well Above -$0.0022?

In last trading session, FibroGen Inc (NASDAQ:FGEN) saw 0.46 million shares changing hands with its beta currently measuring 0.70. Company’s recent per share price level of $0.41 trading at $0.02 or 3.78% at ring of the bell on the day assigns it a market valuation of $40.80M. That closing price of FGEN’s stock is at a discount of -614.63% from its 52-week high price of $2.93 and is indicating a premium of 19.51% from its 52-week low price of $0.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.75 million shares which gives us an average trading volume of 2.17 million if we extend that period to 3-months.

For FibroGen Inc (FGEN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 4.00. Splitting up the data highlights that, out of 2 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 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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FibroGen Inc (NASDAQ:FGEN) trade information

Upright in the green during last session for gaining 3.78%, in the last five days FGEN remained trading in the red while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $0.41 price level, adding 1.09% to its value on the day. FibroGen Inc’s shares saw a change of -54.15% in year-to-date performance and have moved -0.54% in past 5-day. FibroGen Inc (NASDAQ:FGEN) showed a performance of 11.28% in past 30-days. Number of shares sold short was 4.77 million shares which calculate 3.93 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 28 to the stock, which implies a rise of 98.54% to its current value. Analysts have been projecting 28 as a low price target for the stock while placing it at a high target of 28. It follows that stock’s current price would drop -6729.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -6729.27% for stock’s current value.

FibroGen Inc (FGEN) estimates and forecasts

Statistics highlight that FibroGen Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -82.71% of value to its shares in past 6 months, showing an annual growth rate of 65.92% while that of industry is 20.50. Apart from that, the company came raising its revenue forecast for fiscal year 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 -23.23% during past 5 years.

FibroGen Inc (NASDAQ:FGEN)’s Major holders

Insiders are in possession of 0.85% of company’s total shares while institution are holding 56.61 percent of that, with stock having share float percentage of 57.09%. Investors also watch the number of corporate investors in a company very closely, which is 56.61% institutions for FibroGen Inc that are currently holding shares of the company. PRIMECAP MANAGEMENT CO/CA/ is the top institutional holder at FGEN for having 13.66 million shares of worth $12.19 million. And as of 2024-06-30, it was holding 13.7964 of the company’s outstanding shares.

The second largest institutional holder is ARMISTICE CAPITAL, LLC, which was holding about 8.94 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.0279 of outstanding shares, having a total worth of $7.97 million.