Precigen Inc. (NASDAQ:PGEN) marked $2.17 per share on Monday, up from a previous closing price of $1.99. While Precigen Inc. has overperformed by 9.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PGEN fell by -26.69%, with highs and lows ranging from $3.04 to $1.12, whereas the simple moving average jumped by 22.82% in the last 200 days.
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On November 18, 2022, Cantor Fitzgerald started tracking Precigen Inc. (NASDAQ: PGEN) recommending Overweight. A report published by Stifel on February 25, 2021, Initiated its previous ‘Buy’ rating for PGEN. Wells Fargo also rated PGEN shares as ‘Overweight’, setting a target price of $14 on the company’s shares in an initiating report dated February 22, 2021. B. Riley Securities Initiated an Buy rating on February 18, 2021, and assigned a price target of $10. H.C. Wainwright initiated its ‘Buy’ rating for PGEN, as published in its report on May 08, 2020.
Analysis of Precigen Inc. (PGEN)
Further, the quarter-over-quarter increase in sales is 406.10%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Precigen Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 26.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 768.51K can be a very valuable indicator of volatility for PGEN stock. On a monthly basis, the volatility of the stock is set at 8.74%, whereas on a weekly basis, it is put at 10.17%, with a gain of 7.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.80, showing growth from the present price of $2.17, which can serve as yet another indication of whether PGEN is worth investing in or should be passed over.
How Do You Analyze Precigen Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 60.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in PGEN shares?
The recent increase in stakes in PGEN appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in PGEN has increased by 1.67% in the first quarter. The company now owns 6,717,246 shares of the stock, with a value of $10.21 million, following the purchase of 110,044 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in PGEN during the first quarter, downing its stake by -0.20%. During the last quarter, the company dropped down -9,875 additional shares for a total stake of worth $7.41 million, bringing number of shares owned by the company to 4,872,924.
During the first quarter, Iridian Asset Management LLC subtracted a -551,216 position in PGEN. SSgA Funds Management, Inc. sold an additional 52326.0 shares in the last quarter, decreasing its holdings by -2.64%, now holding 1.93 million shares worth $2.93 million. At the end of the first quarter, Geode Capital Management LLC increased its PGEN holdings by 8.58% and now holds 1.87 million PGEN shares valued at $2.84 million with the added 0.15 million shares during the period. PGEN shares are owned by institutional investors to the tune of 60.50% at present.
