enGene Holdings Inc (NASDAQ: ENGN): Why Investors Shouldn’t Ditch ENGN Stock In 2024

In the last trading session, 1.8 million enGene Holdings Inc (NASDAQ:ENGN) shares changed hands as the company’s beta touched -0.68. With the company’s per share price at $6.51 changed hands at -$0.09 or -1.36% during last session, the market valuation stood at $287.87M. ENGN’s last price was a discount, traded about -624.58% off its 52-week high of $47.17. The share price had its 52-week low at $4.42, which suggests the last value was 32.1% up since then. When we look at enGene Holdings Inc’s average trading volume, we note the 10-day average is 0.55 million shares, with the 3-month average coming to 171.85K.

Analysts gave the enGene Holdings Inc (ENGN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ENGN as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. enGene Holdings Inc’s EPS for the current quarter is expected to be -0.41.

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enGene Holdings Inc (NASDAQ:ENGN) trade information

Instantly ENGN was in red as seen at the end of in last trading. With action 5.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -29.47%, with the 5-day performance at 5.00% in the green. However, in the 30-day time frame, enGene Holdings Inc (NASDAQ:ENGN) is -6.73% down. Looking at the short shares, we see there were 0.22 million shares sold at short interest cover period of 2.61 days.

The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 61.71% from its current market value. According to analyst projections, ENGN’s forecast low is 17 with 17 as the target high. To hit the forecast high, the stock’s price needs a -161.14% plunge from its current level, while the stock would need to soar -161.14% for it to hit the projected low.

enGene Holdings Inc (ENGN) estimates and forecasts

Data shows that the enGene Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -61.48% over the past 6 months, a -101.03% in annual growth rate that is considerably lower than the industry average of 17.80%.

The 2024 estimates are for enGene Holdings Inc earnings to increase by 98.95%.

ENGN Dividends

enGene Holdings Inc is expected to release its next quarterly earnings report in November.