FibroGen Inc (NASDAQ:FGEN) saw an upside of 3.59% to close Tuesday at $0.87 after adding $0.03 on the day. The 5-day average trading volume is 4,974,360 shares of the company’s common stock. It has gained $0.9345 in the past week and touched a new high 2 times within the past 5 days. An average of 6,921,330 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,644,772.
FGEN’s 1-month performance is -27.98% or -$0.3386 on its low of $0.7010 reached on 09/19/23. The company’s shares have touched a 52-week low of $0.70 and high of $25.69, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, FGEN has lost -94.56% or -$15.1486 and has reached a new high 10 times. However, the current price is down -96.61% from the 52-week high price.
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Insider Transactions
FGEN stock investors last saw insider trading activity on Sep 01.Henderson Jeffrey William (Director) most recently sold 2,000 shares at $1.03 per share on Sep 01. This transaction cost the insider $2,060. Director, Henderson Jeffrey William, sold 2,000 shares at a price of $1.91 on Aug 04. Then, on Jul 11, Director Henderson Jeffrey William sold 2,000 shares at a price of $2.69 per share. This transaction amounted to $5,380.
Valuation Metrics
FGEN stock has a beta of 0.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.66.
FibroGen Inc’s quick ratio for the period ended June 29 was 1.91, with the current ratio over the same period at 2.12.. In terms of profitability, the gross margin trailing 12 months is 85.88%. The trailing 12-month EBITDA margin is -206.36% while for the period ending June 29, FibroGen Inc’s operating margin was -248.08%. The firm’s gross profit as reported stood at $120.45 million against revenue of $140.73 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.18% to -$87.68 million, while revenue of -$76.71 million was 12.51% off the previous quarter. Analysts expected FGEN to announce -$0.7 per share in earnings in its latest quarter, but it posted -$0.9, representing a -28.60% surprise. EBITDA for the quarter stood at more than -$86.46 million. FGEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 596.91 million, with total debt at $173.6 million. Shareholders hold equity totaling $98.21 million.
Let’s look briefly at FibroGen Inc (FGEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 41.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 96.50%.
The stock’s 5-day moving average is $0.8429, reflecting a +10.09% or $0.0799 change from its current price. FGEN is currently trading -29.73% above its 20-day SMA, -94.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -66.99% and SMA200 by-94.35%.
Stochastic %K and %D was 32.27% and 31.52% and the average true range (ATR) pointed at 0.1126. The RSI (14) points at 33.30%, while the 14-day stochastic is at 41.66% with the period’s ATR at 0.1307. The stock’s 9-day MACD Oscillator is pointing at -0.0092 and -0.0623 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for FibroGen Inc (NASDAQ: FGEN), BofA Securities downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for FGEN stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate FGEN as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is FGEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $2.50, with their median price target at $2.25. Looking at these predictions, the average price target given by analysts is for FibroGen Inc (FGEN) stock is $2.25.
