Is Precigen Inc (NASDAQ: PGEN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Precigen to Participate in the Oppenheimer 34th Annual Healthcare Life Sciences Conference.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Precigen Inc is $358.44M. A total of 1.14 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PGEN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 20 SELLs from insiders. Insiders purchased 2,874,096 shares during that period but sold 359,020.

In the most recent transaction, KIRK RANDAL J bought 96,686 shares of PGEN for 1.41 per share on Dec 28. After the transaction, the Director now owns 1,096,686 company shares. In a previous transaction on Dec 28, KINDLER JEFFREY B sold 96,686 shares at 1.41 per share. PGEN shares that Director owns now total 238,275.

Among the insiders who bought shares, MITCHELL DEAN J acquired of 25,000 shares on Sep 22 at a per-share price of $1.41. This resulted in the Director holding 356,836 shares of PGEN after the transaction. In another insider transaction, Sabzevari Helen sold 76,969 shares at $1.53 per share on Aug 25. Company shares held by the President and CEO now total 1,560,004.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PGEN in the last 3 months, the mean price target is $14.00 with high estimates of $14.00 and low estimates of $14.00. In terms of 52-week highs and lows, PGEN has a high of $1.88 and a low of $0.81.

As of this writing, PGEN has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.08. The company reported an EPS of -$0.08 in the last quarter, which was 20.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PGEN’s latest balance sheet shows that the firm has $108.66M in Cash & Short Term Investments as of fiscal 2021. There were $190.07M in debt and $34.65M in liabilities at the time. Its Book Value Per Share was $0.58, while its Total Shareholder’s Equity was $107.35M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 4.60.

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