Now Is A Good Time To Buy PepGen Inc (NASDAQ: PEPG)

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During the recent session, PepGen Inc (NASDAQ:PEPG)’s traded shares were 1.23 million, with the beta value of the company hitting 1.55. At the last check today, the stock’s price was $5.43, reflecting an intraday gain of 5.14% or $0.27. The 52-week high for the PEPG share is $19.30, that puts it down -255.43 from that peak though still a striking 26.34% gain since the share price plummeted to a 52-week low of $4.00. The company’s market capitalization is $176.83M, and the average intraday trading volume over the past 10 days was 0.16 million shares, and the average trade volume was 111.57K shares over the past three months.

PepGen Inc (PEPG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. PEPG has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.72.

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PepGen Inc (NASDAQ:PEPG) trade information

PepGen Inc (PEPG) registered a 5.14% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.14% in intraday trading to $5.43, hitting a weekly high. The stock’s 5-day price performance is -4.99%, and it has moved by 19.23% in 30 days. Based on these gigs, the overall price performance for the year is -31.85%. The short interest in PepGen Inc (NASDAQ:PEPG) is 0.77 million shares and it means that shorts have 5.75 day(s) to cover.

The consensus price target of analysts on Wall Street is $29.5, which implies an increase of 81.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $26 and $33 respectively. As a result, PEPG is trading at a discount of -507.73% off the target high and -378.82% off the low.

PepGen Inc (PEPG) estimates and forecasts

Statistics show that PepGen Inc has underperformed its competitors in share price, compared to the industry in which it operates. PepGen Inc (PEPG) shares have gone down -68.55% during the last six months, with a year-to-date growth rate less than the industry average at 13.94% against 17.10.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -172.30%. While earnings are projected to return 14.13% in 2024.

PEPG Dividends

PepGen Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

PepGen Inc (NASDAQ:PEPG)’s Major holders

PepGen Inc insiders own 0.02% of total outstanding shares while institutional holders control 97.91%, with the float percentage being 97.92%. RA CAPITAL MANAGEMENT, L.P. is the largest shareholder of the company, while 101.0 institutions own stock in it. As of 2024-06-30, the company held over 10.69 million shares (or 37.3025% of all shares), a total value of $170.61 million in shares.

The next largest institutional holding, with 1.52 million shares, is of SUVRETTA CAPITAL MANAGEMENT, LLC’s that is approximately 5.3075% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $24.27 million.