Market Update: Precigen Inc (PGEN) Sees Positive Movement, Closing at 1.75

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In the latest session, Precigen Inc (NASDAQ: PGEN) closed at $1.75 up 6.06% from its previous closing price of $1.65. In other words, the price has increased by $6.06 from its previous closing price. On the day, 1.66 million shares were traded. PGEN stock price reached its highest trading level at $1.75 during the session, while it also had its lowest trading level at $1.6.

Ratios:

For a deeper understanding of Precigen Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.

On November 18, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $7.Cantor Fitzgerald initiated its Overweight rating on November 18, 2022, with a $7 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 28 ’23 when KIRK RANDAL J bought 96,686 shares for $1.41 per share. The transaction valued at 136,327 led to the insider holds 1,096,686 shares of the business.

KINDLER JEFFREY B sold 96,686 shares of PGEN for $136,327 on Dec 28 ’23. The Director now owns 238,275 shares after completing the transaction at $1.41 per share. On Sep 22 ’23, another insider, MITCHELL DEAN J, who serves as the Director of the company, bought 25,000 shares for $1.41 each. As a result, the insider paid 35,250 and bolstered with 356,836 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGEN now has a Market Capitalization of 441735008 and an Enterprise Value of 403681472. For the stock, the TTM Price-to-Sale (P/S) ratio is 81.20 while its Price-to-Book (P/B) ratio in mrq is 4.51. Its current Enterprise Value per Revenue stands at 74.22 whereas that against EBITDA is -4.846.

Stock Price History:

Over the past 52 weeks, PGEN has reached a high of $1.88, while it has fallen to a 52-week low of $0.84. The 50-Day Moving Average of the stock is 25.77%, while the 200-Day Moving Average is calculated to be 28.59%.

Shares Statistics:

For the past three months, PGEN has traded an average of 887.67K shares per day and 1250970 over the past ten days. A total of 248.92M shares are outstanding, with a floating share count of 129.16M. Insiders hold about 48.83% of the company’s shares, while institutions hold 24.52% stake in the company. Shares short for PGEN as of 1715731200 were 13762937 with a Short Ratio of 15.50, compared to 1713139200 on 15961619. Therefore, it implies a Short% of Shares Outstanding of 13762937 and a Short% of Float of 9.08.

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