Is Buying Stock In Precigen Inc. (PGEN) A Good Move Today?

Precigen Inc. (NASDAQ:PGEN) saw an upside of 1.60% to close Thursday at $5.07 after adding $0.08 on the day. The 5-day average trading volume is 892,418 shares of the company’s common stock. It has gained $5.47 in the past week and touched a new high 1 time within the past 5 days. An average of 1,166,544 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,014,232.

PGEN’s 1-month performance is -17.52% or -$1.14 on its low of $4.89 reached on 10/01/21. The company’s shares have touched a 52-week low of $3.36 and high of $11.10, with the stock’s rally to the 52-week high happening on 01/04/21. YTD, PGEN has lost -51.08% or -$5.09 and has reached a new high 1 time. However, the current price is down -54.32%% from the 52-week high price.


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Insider Transactions

On Sep 10, 21 days have gone by since the last insider trading activity for Precigen Inc. (PGEN). Ares Trading S.A. (10% Owner) most recently sold 4,584 shares at $6.29 per share on Sep 10. This transaction cost the insider $28,814. 10% Owner, Ares Trading S.A., sold 88,221 shares at a price of $6.31 on Sep 09. Then, on Sep 08, 10% Owner Ares Trading S.A. sold 2,400 shares at a price of $6.23 per share. This transaction amounted to $14,957.

Valuation Metrics

Precigen Inc. (PGEN) has a trailing price-to-earnings (P/E) ratio of 33.74 for the broader industry and 32.28 for the sector, meaning that investors are optimistic about the stock’s future prospects. PGEN stock has a beta of 2.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.81 while the price-to-book (PB) in the most recent quarter is 6.24.

Precigen Inc.’s quick ratio for the period ended June 29 was 5.00, with the current ratio over the same period at 5.40 meaning that PGEN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.11, while the total debt to equity was 1.11. In terms of profitability, the gross margin trailing 12 months is 45.60%The trailing 12-month EBITDA margin is -68.47% while for the period ending June 29; Precigen Inc.’s operating margin was -54.30%. The firm’s gross profit as reported stood at $47.66 million against revenue of $103.18 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Precigen Inc.’s return on assets over the past 12 months stands at -29.70%. Return on investment over the past year is -36.20%, while its return on equity (ROE) trailing 12 months is -94.40%. In comparison, the average ROE for the broader industry over the past year is -36.91.

Earnings Surprise

For the quarterly period ending June 29 this year, Precigen Inc.’s cash and short-term investments amounted to $78.69 million against total debt of $191.04 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PGEN to announce -$0.12 per share in earnings in its latest quarter, but it posted -$0.1, representing a 16.70% surprise. EBITDA for the quarter stood at more than -$8.83 million. PGEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 243.38 million, with total debt at $191.04 million. Shareholders hold equity totaling $206.64 million

Technical Picture

Let’s look briefly at Precigen Inc. (PGEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 34.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.33%.

The stock’s 5-day moving average is $5.15, reflecting a -3.50% or -$0.18 change from its current price. PGEN is currently trading -18.45% above its 20-day SMA, -21.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -8.18% and -28.80% respectively.

Stochastic %K and %D was 8.04% and 4.59% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 36.83%, while the 14-day stochastic is at 21.29% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.29 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Precigen Inc. (NASDAQ: PGEN), Stifel launched coverage with a Buy rating. Analysts offering their rating for PGEN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PGEN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is PGEN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.00 and a high of $17.00, with their median price target at $13.50. Looking at these predictions, the average price target given by analysts is for Precigen Inc. (PGEN) stock is $12.50.

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