FibroGen Inc. (NASDAQ:FGEN) closed Tuesday at $20.33 per share, up from $20.02 a day earlier. While FibroGen Inc. has overperformed by 1.55%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FGEN rose by 47.11%, with highs and lows ranging from $21.30 to $7.81, whereas the simple moving average jumped by 53.15% in the last 200 days.
On January 05, 2023, BofA Securities Upgraded FibroGen Inc. (NASDAQ: FGEN) to Buy. A report published by Goldman on September 22, 2021, Downgraded its rating to ‘Sell’ for FGEN. Stifel July 16, 2021d the rating to Hold on July 16, 2021, and set its price target from $55 to $29. BofA Securities July 16, 2021d its ‘Buy’ rating to ‘Neutral’ for FGEN, as published in its report on July 16, 2021. Mizuho’s report from April 07, 2021 suggests a price prediction of $29 for FGEN shares, giving the stock a ‘Neutral’ rating. H.C. Wainwright also rated the stock as ‘Neutral’.
Analysis of FibroGen Inc. (FGEN)
Further, the quarter-over-quarter decrease in sales is -89.90%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of FibroGen Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -290.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.70, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and FGEN is recording an average volume of 840.43K. On a monthly basis, the volatility of the stock is set at 5.80%, whereas on a weekly basis, it is put at 4.99%, with a gain of 3.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.60, showing decline from the present price of $20.33, which can serve as yet another indication of whether FGEN is worth investing in or should be passed over.
How Do You Analyze FibroGen Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.90%. 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 78.70% 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 FGEN shares?
The recent increase in stakes in FGEN appears to be a result of several institutional investors and hedge funds increasing their positions. PRIMECAP Management Co.’s position in FGEN has decreased by -0.17% in the first quarter. The company now owns 13,179,897 shares of the stock, with a value of $211.14 million, following the sale of -22,470 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in FGEN during the first quarter, upping its stake by 0.70%. During the last quarter, the company dropped down 65,757 additional shares for a total stake of worth $152.5 million, bringing number of shares owned by the company to 9,519,175.
During the first quarter, BlackRock Fund Advisors subtracted a -82,751 position in FGEN. Point72 Asset Management LP sold an additional -0.29 million shares in the last quarter, decreasing its holdings by -5.70%, now holding 4.78 million shares worth $76.54 million. At the end of the first quarter, Armistice Capital LLC increased its FGEN holdings by 8.90% and now holds 4.46 million FGEN shares valued at $71.39 million with the added 0.36 million shares during the period. FGEN shares are owned by institutional investors to the tune of 78.70% at present.