Analysts predict FibroGen Inc (FGEN) stock to reach $28 in the next 12 months

A share price of FibroGen Inc [FGEN] is currently trading at $0.40, down -1.72%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FGEN shares have gain 7.34% over the last week, with a monthly amount glided 7.63%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

FibroGen Inc [NASDAQ: FGEN] stock has seen the most recent analyst activity on August 08, 2023, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $2 from $4. Previously, William Blair downgraded its rating to Mkt Perform on June 26, 2023. On June 26, 2023, downgrade downgraded it’s rating to Hold. Raymond James downgraded its rating to a Mkt Perform. BofA Securities downgraded its rating to a Neutral. Stifel upgraded its rating to Buy for this stock on June 02, 2023, and upped its price target to $32. In a note dated January 31, 2023, William Blair upgraded an Outperform rating on this stock.

FibroGen Inc experienced fluctuations in its stock price throughout the past year between $0.33 and $2.93. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. FibroGen Inc [NASDAQ: FGEN] shares were valued at $0.40 at the most recent close of the market. An investor can expect a potential return of 6900.0% based on the average FGEN price forecast.

Analyzing the FGEN fundamentals

Trailing Twelve Months sales for FibroGen Inc [NASDAQ:FGEN] were 173.81M which represents 14.26% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.92%, Pretax Profit Margin comes in at -0.99%, and Net Profit Margin reading is -0.97%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is 0.82 and Total Capital is -1.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.45.

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 0.3826 points at the first support level, and at 0.3657 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4248, and for the 2nd resistance point, it is at 0.4501.

Ratios To Look Out For

To put it in perspective, the Current Ratio for FibroGen Inc [NASDAQ:FGEN] is 1.41. In addition, the Quick Ratio stands at 1.24 and the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 0.23.

Transactions by insiders

Recent insider trading involved Adib Deyaa, Chief Medical Officer, that happened on Jun 12 ’24 when 22123.0 shares were purchased. CEO, Wettig Thane completed a deal on Mar 07 ’24 to buy 50000.0 shares.

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