The trading price of FibroGen, Inc. (NASDAQ:FGEN) floating lower at last check on Wednesday, Apr 07, closing at $34.64, -38.99% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $21.10 and $23.98. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 1.19. In examining the 52-week price action we see that the stock hit a 52-week high of $57.21 and a 52-week low of $30.77. Over the past month, the stock has suffered -2.86% in value.
FibroGen, Inc., whose market valuation is $3.09 Billion at the time of this writing, is expected to release its quarterly earnings report May 04, 2021- May 10, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.7 per share this quarter, however they have predicted annual earnings per share of -$1.27 for 2021 and -$1.93 for 2022. It means analysts are expecting annual earnings per share growth of -0.4% this year and 0.52% next year.
On the technical side, indicators suggest FGEN has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FGEN a recommendation rating is 10. Out of them, 6 rate it a Hold, while 3 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged FibroGen, Inc. (FGEN) as Underperform, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that FGEN’s price is currently -36.86% off the SMA20 and -50.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 23.23, and weekly volatility stands at 5.68%. When measured over the past 30 days, the indicator reaches 5.06%. FibroGen, Inc. (NASDAQ:FGEN)’s beta value is currently sitting at 1.19, while the Average True Range indicator is currently displaying 2.28. With analysts defining $25-$70 as the low and high price targets, we arrive at a consensus price target of $46.38 for the trailing 12-month period. The current price is about 18.26% off the estimated low and 231.13% off the forecast high, based on this estimate. Investors will be thrilled if FGEN’s share price rises to $44.5, which is the median consensus price. At that level, FGEN’s share price would be +110.5% above current price.
To see how FibroGen, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: FGEN stock’s performance was -38.99% at last check in today’s session, and +6.36% in the past year, while Zoetis Inc Cl A (ZTS) has been trading +1.21% in recent session and positioned +36.03% higher than it was a year ago. Another comparable company Takeda Pharmaceutical Co. Ltd (TAK) saw its stock trading -2.52% lower in today’s session but was up +22.34% in a year. Furthermore, Catalent Inc (CTLT) showed a decline of -38.99% today while its price kept rising at 6.36% over the past year. FibroGen, Inc. has a P/E ratio of 0, compared to Zoetis Inc Cl A’s 45.54 and Takeda Pharmaceutical Co. Ltd’s 34.16. Also during today’s trading, the S&P 500 Index has surged 0.16%, while the Dow Jones Industrial also saw a positive session, up +0.01% today.
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An evaluation of the daily trading volume of FibroGen, Inc. (NASDAQ:FGEN) indicates that the 3-month average is 964.2 Million. However, this figure has increased over the past 10 days to an average of 988.48 Million.
Currently, records show that 91.56 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 8.03% of outstanding shares, whereas institutions hold 79.97%. The stats also highlight that short interest as of March 14, 2021, stood at 8.51 Million shares, resulting in a short ratio of 6.18 at that time. From this, we can conclude that short interest is 9.29% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 6.3 Million. However, since the stock’s price has seen -6.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.