At the time of writing, Precigen Inc [PGEN] stock is trading at $1.53, up 6.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PGEN shares have gain 6.99% over the last week, with a monthly amount glided 7.75%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Precigen Reports Full Year 2023 Financial Results and Business Updates. In a post published today on Yahoo Finance, – Significant progress made in the development of the PRGN-2012 AdenoVerse immunotherapy for the treatment of RRP; Precigen plans to submit a BLA under an accelerated approval pathway in the second half of 2024; ramping up commercial readiness activities for a potential launch in 2025 –.
From an analyst’s perspective:
Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on November 18, 2022, and set its price target to $7. On February 25, 2021, Stifel initiated with a Buy rating and assigned a price target of $13 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $14 on February 22, 2021. B. Riley Securities initiated its recommendation with a Buy and recommended $10 as its price target on February 18, 2021. H.C. Wainwright started tracking with a Buy rating for this stock on May 08, 2020, and assigned it a price target of $5.
For the past year, the stock price of Precigen Inc fluctuated between $0.81 and $1.88. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Precigen Inc [NASDAQ: PGEN] shares were valued at $1.53 at the most recent close of the market. An investor can expect a potential return of 292.16% based on the average PGEN price forecast.
Analyzing the PGEN fundamentals
According to Precigen Inc [NASDAQ:PGEN], the company’s sales were 6.22M for trailing twelve months, which represents an -30.35% plunge. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -3.51%, Pretax Profit Margin comes in at -3.91%, and Net Profit Margin reading is 0.52%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.07 and Total Capital is -0.59. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4567 points at the first support level, and at 1.3834 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6016, and for the 2nd resistance point, it is at 1.6732.
Ratios To Look Out For
It is important to note that Precigen Inc [NASDAQ:PGEN] has a current ratio of 2.99. In addition, the Quick Ratio stands at 2.99 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 61.23, the price to book ratio is 3.21.
Transactions by insiders
Recent insider trading involved KIRK RANDAL J, Director, that happened on Dec 28 ’23 when 96686.0 shares were purchased. Director, KINDLER JEFFREY B completed a deal on Dec 28 ’23 to sell 96686.0 shares. Meanwhile, Director MITCHELL DEAN J bought 25000.0 shares on Sep 22 ’23.
