Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of FibroGen Inc (NASDAQ: FGEN) was $0.55 for the day, up 3.12% from the previous closing price of $0.53. In other words, the price has increased by $3.12 from its previous closing price. On the day, 0.85 million shares were traded. FGEN stock price reached its highest trading level at $0.55 during the session, while it also had its lowest trading level at $0.4934.
Ratios:
Our analysis of FGEN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on August 08, 2023, Downgraded its rating to Underperform and sets its target price to $2 from $4 previously.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 12 ’24 when Adib Deyaa bought 22,123 shares for $1.17 per share. The transaction valued at 25,884 led to the insider holds 82,123 shares of the business.
Wettig Thane bought 50,000 shares of FGEN for $95,470 on Mar 07 ’24. The CEO now owns 470,178 shares after completing the transaction at $1.91 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FGEN now has a Market Capitalization of 55000264 and an Enterprise Value of 103849944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32. Its current Enterprise Value per Revenue stands at 0.597 whereas that against EBITDA is -0.626.
Stock Price History:
Over the past 52 weeks, FGEN has reached a high of $2.93, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is 43.45%, while the 200-Day Moving Average is calculated to be -31.23%.
Shares Statistics:
FGEN traded an average of 1.37M shares per day over the past three months and 1865490 shares per day over the past ten days. A total of 100.77M shares are outstanding, with a floating share count of 93.69M. Insiders hold about 7.02% of the company’s shares, while institutions hold 45.77% stake in the company. Shares short for FGEN as of 1730332800 were 4324077 with a Short Ratio of 2.32, compared to 1727654400 on 4544637. Therefore, it implies a Short% of Shares Outstanding of 4324077 and a Short% of Float of 5.07.
