Are You Looking To Buy Humanigen Inc. (HGEN)? First, Read This

Humanigen Inc. (NASDAQ:HGEN) finished Wednesday with an addition of $0.02 to close at $6.38, an upside of 0.31 percent. An average of 1,568,180 shares of common stock have been traded in the last five days. There was a gain of $0.40 in the past week. The last 20 days have seen an average of 2,280,605 shares traded, while the 50-day average volume stands at 2,613,950.

HGEN stock has increased by 4.76% in the last month. The company shares reached their 1-month lowest point of $5.68 on 10/01/21. With the stock rallying to its 52-week high on 03/29/21, shares of the company touched a low of $5.68 and a high of $29.20 in 52 weeks. In spite of this, the price is down -78.15% from the 52-week high.


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Insider Transactions

63 days have passed since Humanigen Inc. (HGEN) last reported insider trading activity. Chappell Dale, who is Chief Scientific Officer, most recently acquired $57,551 shares at $17.16 per share on Aug 12. In this transaction, the insider spent $987,564. Chief Scientific Officer, Chappell Dale, disposed of 109,647 shares at a price of $17.07 on Aug 11. The insider now owns more than $1,872,146 worth of shares. Prior to that, Chief Scientific Officer Chappell Dale went on to Sale 29,394 shares at $17.03 each on Jul 29. An amount of $500,703 was transacted.

Valuation Metrics

Humanigen Inc. (HGEN) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.30 for the sector. The stock’s beta is -1.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 221.53, the price-to-book (PB) ratio at 8.62.

The quick ratio of Humanigen Inc. for the three months ended June 29 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.56 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Humanigen Inc.’s EBITDA margin for the year ending June 29 is -28268.59%. Its gross profit as reported stood at $88.51 million compared to revenue of $0.31 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Humanigen Inc.’s return on assets was -209.40%, compared to -633.3% over the last five years. For the broader industry, ROE averaged -68.79 over the past year.

Earnings Surprise

The analyst consensus anticipated Humanigen Inc.’s latest quarter earnings to come in at -$0.86 per share, but it turned out to be -$1.2, a -39.50% surprise. For the quarter, EBITDA amounted to -$70.05 million. Shareholders own equity worth $59.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Humanigen Inc. (HGEN) price momentum. RSI 9-day as of the close on 13 October was 37.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.81%.

As of today, HGEN’s price is $6.35 +6.69% or $0.40 from its 5-day moving average. HGEN is currently trading -0.47% lower than its 20-day SMA and -68.20% lower than its 100-day SMA. However, the stock’s current price level is -59.82% below the SMA50 and -62.65% below the SMA200.

The stochastic %K and %D were 70.11% and 69.13%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 80.38% and the average true range at 0.57, the RSI (14) stands at 30.24%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.14.

Analyst Ratings

Jefferies downgraded Humanigen Inc. (NASDAQ: HGEN) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Humanigen Inc. (HGEN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HGEN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $6.00 and $30.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Humanigen Inc. (HGEN) stock is $18.00.

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