In last trading session, Precigen Inc (NASDAQ:PGEN) saw 0.52 million shares changing hands with its beta currently measuring 1.71. Company’s recent per share price level of $0.98 trading at $0.03 or 2.56% at ring of the bell on the day assigns it a market valuation of $280.75M. That closing price of PGEN’s stock is at a discount of -96.94% from its 52-week high price of $1.93 and is indicating a premium of 19.39% from its 52-week low price of $0.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.83 million shares which gives us an average trading volume of 886.10K if we extend that period to 3-months.
For Precigen Inc (PGEN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. 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. The company is expected to be making an EPS of -0.08 in the current quarter.
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Precigen Inc (NASDAQ:PGEN) trade information
Upright in the green during last session for gaining 2.56%, in the last five days PGEN remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $0.98 price level, adding 1.87% to its value on the day. Precigen Inc’s shares saw a change of -27.18% in year-to-date performance and have moved 19.47% in past 5-day. Precigen Inc (NASDAQ:PGEN) showed a performance of 16.93% in past 30-days. Number of shares sold short was 15.36 million shares which calculate 20.43 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 83.67% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -512.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -512.24% for stock’s current value.
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 -23.17% of value to its shares in past 6 months, showing an annual growth rate of -25.71% while that of industry is 16.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -34.10% 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 1.25M for the same. And 4 analysts are in estimates of company making revenue of 1.25M in the next quarter. Company posted 1.38M and 1.23M of sales in current and next quarters respectively a year earlier.
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 36.94% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -16.75% while estimates for its earnings growth in next 5 years are of 2.40%.
Precigen Inc (NASDAQ:PGEN)’s Major holders
Insiders are in possession of 10.17% of company’s total shares while institution are holding 62.90 percent of that, with stock having share float percentage of 70.02%. Investors also watch the number of corporate investors in a company very closely, which is 62.90% institutions for Precigen Inc that are currently holding shares of the company. PATIENT CAPITAL MANAGEMENT, LLC is the top institutional holder at PGEN for having 18.17 million shares of worth $28.72 million. And as of 2024-06-30, it was holding 7.2926 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 10.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1116 of outstanding shares, having a total worth of $16.19 million.
