Precigen Inc (NASDAQ:PGEN) shares, rose in value on Tuesday, December 31, with the stock price up by 20.03% to the previous day’s close as strong demand from buyers drove the stock to $1.12.
Actively observing the price movement in the last trading, the stock closed the session at $0.93, falling within a range of $0.9067 and $1.195. The value of beta (5-year monthly) was 1.682. Referring to stock’s 52-week performance, its high was $1.93, and the low was $0.65. On the whole, PGEN has fluctuated by 20.16% over the past month.
With the market capitalization of Precigen Inc currently standing at about $393.71 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PGEN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PGEN currently trading nearly 44.01% and 33.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.62, while the 7-day volatility ratio is showing 17.04% which for the 30-day chart, stands at 9.92%. Furthermore, Precigen Inc (PGEN)’s beta value is 1.70, and its average true range (ATR) is 0.09.
A comparison of Precigen Inc (PGEN) with its peers suggests the former has fared considerably weaker in the market. PGEN showed an intraday change of 20.03% in last session, and over the past year, it shrunk by -16.42%%.
Data on historical trading for Precigen Inc (NASDAQ:PGEN) indicates that the trading volumes over the past 10 days have averaged 2.32 and over the past 3 months, they’ve averaged 989.77K. According to company’s latest data on outstanding shares, there are 292.87 million shares outstanding.
Nearly 49.60% of Precigen Inc’s shares belong to company insiders and institutional investors own 26.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.32 million shares as on 2024-10-31, resulting in a short ratio of 24.02. According to the data, the short interest in Precigen Inc (PGEN) stood at 799.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 15.7 million. The stock has fallen by -16.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PGEN stock heading into the next quarter.
