Precigen Inc [PGEN] stock prices are down -2.16% to $0.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PGEN shares have gain 10.76% over the last week, with a monthly amount drifted -17.37%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Precigen Inc [NASDAQ: PGEN] stock has seen the most recent analyst activity on March 22, 2024, when JP Morgan downgraded its rating to a Underweight. On November 18, 2022, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $7 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $13 on February 25, 2021. Wells Fargo initiated its recommendation with a Overweight and recommended $14 as its price target on February 22, 2021. B. Riley Securities started tracking with a Buy rating for this stock on February 18, 2021, and assigned it a price target of $10. In a note dated May 08, 2020, H.C. Wainwright initiated an Buy rating and provided a target price of $5 on this stock.
The stock price of Precigen Inc [PGEN] has been fluctuating between $0.65 and $1.93 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Precigen Inc [NASDAQ: PGEN] shares were valued at $0.75 at the most recent close of the market. An investor can expect a potential return of 700.0% based on the average PGEN price forecast.
Analyzing the PGEN fundamentals
The Precigen Inc [NASDAQ:PGEN] reported sales of 3.96M for trailing twelve months, representing a drop of -30.89%. Gross Profit Margin for this corporation currently stands at -0.63% with Operating Profit Margin at -32.78%, Pretax Profit Margin comes in at -35.73%, and Net Profit Margin reading is -35.22%. To continue investigating profitability, this company’s Return on Assets is posted at -1.67, Equity is -1.78 and Total Capital is -2.09.
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 0.7305 points at the first support level, and at 0.7148 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7734, and for the 2nd resistance point, it is at 0.8006.
Ratios To Look Out For
It’s worth pointing out that Precigen Inc [NASDAQ:PGEN]’s Current Ratio is 1.63. On the other hand, the Quick Ratio is 1.63, and the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 57.98, the price to book ratio is 3.95.
Transactions by insiders
Recent insider trading involved Perez Jeffrey Thomas, SVP, IP Affairs, that happened on Aug 09 ’24 when 58823.0 shares were purchased. Director, KIRK RANDAL J completed a deal on Aug 09 ’24 to buy 23.53 million shares. Meanwhile, Director KIRK RANDAL J bought 96686.0 shares on Dec 28 ’23.
