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Wednesday, March 22, 2023

Precigen Inc. (PGEN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Precigen Inc. (PGEN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 2.73%, to $1.13. The Precigen Inc. has recorded 25,275 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Precigen Reports Fourth Quarter and Full Year 2022 Financial Results and Business Updates.

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Stocks Info

Precigen Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. At the end of the last regular session, the stock closed at $1.10 and fluctuated between $1.1390 as its day high and $1.0500 as its day low. The current market capitalization of Precigen Inc. is $297.80M. A total of 1.38 million shares were traded on the day, compared to an average of 2.03M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PGEN has seen 9 BUY and 0 SELL insider trades, representing the acquisition of 11,576,698 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 5 SELLs from insiders. Insiders purchased 13,218,996 shares during that period but sold 263,661.

In the most recent transaction, KIRK RANDAL J bought 11,428,571 shares of PGEN for 1.75 per share on Jan 27. After the transaction, the Director now owns 31,129,164 company shares. In a previous transaction on Jan 27, Thomasian Harry Jr. bought 28,571 shares at 1.75 per share. PGEN shares that Chief Financial Officer owns now total 84,961.

Among the insiders who bought shares, Perez Jeffrey Thomas acquired of 28,571 shares on Jan 27 at a per-share price of $1.75. This resulted in the SVP, IP Affairs holding 381,012 shares of PGEN after the transaction. In another insider transaction, Sabzevari Helen bought 22,857 shares at $1.75 per share on Jan 27. Company shares held by the President and CEO now total 937,613.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PGEN in the last 3 months, the mean price target is $9.08 with high estimates of $14.00 and low estimates of $6.00. In terms of 52-week highs and lows, PGEN has a high of $2.90 and a low of $1.05.

As of this writing, PGEN has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.09 in the last quarter, which was 30.80% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PGEN is Buy with a score of 5.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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