Precigen Inc (NASDAQ:PGEN) shares, rose in value on Thursday, January 23, with the stock price up by 18.58% to the previous day’s close as strong demand from buyers drove the stock to $1.34.
Actively observing the price movement in the last trading, the stock closed the session at $1.13, falling within a range of $1.165 and $1.45. 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 84.62% over the past month.
With the market capitalization of Precigen Inc currently standing at about $392.44 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
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% Buy 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% Buy.
The stock’s technical analysis shows that the price of PGEN currently trading nearly 25.06% and 44.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.93, while the 7-day volatility ratio is showing 11.09% which for the 30-day chart, stands at 13.42%. Furthermore, Precigen Inc (PGEN)’s beta value is 1.63, and its average true range (ATR) is 0.12.
Data on historical trading for Precigen Inc (NASDAQ:PGEN) indicates that the trading volumes over the past 10 days have averaged 1.45 and over the past 3 months, they’ve averaged 1.39 million. According to company’s latest data on outstanding shares, there are 292.87 million shares outstanding.
Nearly 44.16% of Precigen Inc’s shares belong to company insiders and institutional investors own 26.18% 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 risen by 19.64% 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.
