Precigen Inc (NASDAQ:PGEN)’s traded shares stood at 1.33 million during the last session, with the company’s beta value hitting 1.71. At the close of trading, the stock’s price was $0.80, to imply a decrease of -6.82% or -$0.06 in intraday trading. The PGEN share’s 52-week high remains $1.93, putting it -141.25% down since that peak but still an impressive 3.75% since price per share fell to its 52-week low of $0.77. The company has a valuation of $235.73M, with an average of 0.81 million shares in intraday trading volume over the past 10 days and average of 796.11K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Precigen Inc (PGEN), translating to a mean rating of 1.80. Of 2 analyst(s) looking at the stock, 0 analyst(s) give PGEN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
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Precigen Inc (NASDAQ:PGEN) trade information
After registering a -6.82% downside in the last session, Precigen Inc (PGEN) has traded red over the past five days. The 5-day price performance for the stock is -6.40%, and -0.97% over 30 days. With these gigs, the year-to-date price performance is -39.93%. Short interest in Precigen Inc (NASDAQ:PGEN) saw shorts transact 15.32 million shares and set a 24.02 days time to cover.
The extremes give us $6 and $6 for target low and target high price respectively. As such, PGEN has been trading -650.0% off suggested target high and -650.0% from its likely low.
Precigen Inc (PGEN) estimates and forecasts
Looking at statistics comparing Precigen Inc share performance against respective industry, we note that the company has underperformed competitors. Precigen Inc (PGEN) shares are -54.01% down over the last 6 months, with its year-to-date growth rate lower than industry average at -31.43% against 17.30%. The rating firms project that company’s revenue will shrink -35.67% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 1.3M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 733.33k.Earnings reports from the last fiscal year show that sales brought in 1.23M and 1.06M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 5.86% before dropping -31.14% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 36.94% for the past 5-year period. While 2024 is set for a -20.51% return in earnings, projections for the next 5 years are at 2.40% annually.
PGEN Dividends
Precigen Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Precigen Inc (NASDAQ:PGEN)’s Major holders
Precigen Inc insiders hold 10.17% of total outstanding shares, with institutional holders owning 63.83% of the shares at 71.06% float percentage. In total, 63.83% institutions holds shares in the company, led by PATIENT CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 18.17 million shares (or 7.2926% of shares), all amounting to roughly $28.72 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 10.25 million shares, or about 4.1116% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $16.19 million.
