As of Friday, Precigen Inc’s (NASDAQ:PGEN) stock closed at $1.18, up from $1.15 the previous day. While Precigen Inc has overperformed by 2.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PGEN fell by -35.52%, with highs and lows ranging from $2.29 to $0.81, whereas the simple moving average fell by -7.14% in the last 200 days.
On May 23, 2023, JP Morgan started tracking Precigen Inc (NASDAQ: PGEN) recommending Neutral.
Analysis of Precigen Inc (PGEN)
Further, the quarter-over-quarter decrease in sales is -91.75%, showing a negative trend in the upcoming months.
One of the most important indicators of Precigen Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -58.59% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.83, 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.
For any stock, average volume can also provide valuable insight into volatility, and PGEN is recording 1.51M average volume. On a monthly basis, the volatility of the stock is set at 10.57%, whereas on a weekly basis, it is put at 16.17%, with a gain of 8.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.00, showing growth from the present price of $1.18, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 48.49%. 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 24.66% 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. Patient Capital Management LLC’s position in PGEN has increased by 22.32% in the first quarter. The company now owns 13,753,176 shares of the stock, with a value of $15.54 million, following the purchase of 2,509,616 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in PGEN during the first quarter, upping its stake by 0.33%. During the last quarter, the company picked up 30,204 additional shares for a total stake of worth $10.28 million, bringing number of shares owned by the company to 9,098,276.
During the first quarter, The Vanguard Group, Inc. added a 130,030 position in PGEN. Geode Capital Management LLC purchased an additional 35065.0 shares in the last quarter, increasing its holdings by 1.22%, now holding 2.91 million shares worth $3.29 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its PGEN holdings by 6.71% and now holds 2.77 million PGEN shares valued at $3.13 million with the added 0.17 million shares during the period. PGEN shares are owned by institutional investors to the tune of 24.66% at present.
