Precigen Inc [NASDAQ: PGEN] loss -16.94% or -0.31 points to close at $1.52 with a heavy trading volume of 9200078 shares.
It opened the trading session at $1.74, the shares rose to $1.74 and dropped to $1.47, the range by which the price of stock traded the whole day. The daily chart for PGEN points out that the company has recorded 36.94% gains over the past six months.
If we look at the average trading volume of 1.87M shares, PGEN reached to a volume of 9200078 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Precigen Inc [PGEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGEN shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGEN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Precigen Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 22, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on May 23, 2023, representing the official price target for Precigen Inc stock. Previously, the target price had yet another raise to $7, while Cantor Fitzgerald analysts kept a Overweight rating on PGEN stock.
Trading performance analysis for PGEN stock
Precigen Inc [PGEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.84. With this latest performance, PGEN shares gained by 4.83% in over the last four-week period, additionally plugging by 36.94% over the last 6 months – not to mention a rise of 35.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PGEN stock in for the last two-week period is set at 43.26, with the RSI for the last a single of trading hit 0.1591, and the three-weeks RSI is set at 0.1370 for Precigen Inc [PGEN]. The present Moving Average for the last 50 days of trading for this stock 1.5122, while it was recorded at 1.7540 for the last single week of trading, and 1.3118 for the last 200 days.
Precigen Inc [PGEN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Precigen Inc [PGEN] shares currently have an operating margin of -2211.16% and a Gross Margin at -53.65%. Precigen Inc’s Net Margin is presently recorded at -3728.87%.
Precigen Inc (PGEN) Capital Structure & Debt Analysis
According to recent financial data for Precigen Inc. ( PGEN), the Return on Equity (ROE) stands at -278.55%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -118.84%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Precigen Inc’s Return on Invested Capital (ROIC) is -785.33%, showcasing its effectiveness in deploying capital for earnings.
Precigen Inc (PGEN) Efficiency & Liquidity Metrics
Based on Precigen Inc’s (PGEN) latest financial statements, the Debt-to-Equity Ratio is 0.35%, indicating its reliance on debt financing relative to shareholder equity.
Precigen Inc (PGEN) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Precigen Inc. (PGEN) effectively leverages its workforce, generating an average of -$1095454.55 per employee. The company’s liquidity position is robust, with a Current Ratio of 3.53% and a Quick Ratio of 3.53%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Precigen Inc [PGEN]
There are presently around $67.02%, or 74.93% of PGEN stock, in the hands of institutional investors. The top three institutional holders of PGEN stocks are: PATIENT CAPITAL MANAGEMENT, LLC with ownership of 18.17 million shares, which is approximately 7.2017%. BLACKROCK INC., holding 10.25 million shares of the stock with an approximate value of $$16.19 million in PGEN stocks shares; and BLACKROCK INC., currently with $$10.68 million in PGEN stock with ownership which is approximately 2.6784%.
