FibroGen Inc (NASDAQ: FGEN): Analyst View Points To Future Growth

FibroGen Inc (FGEN) concluded trading on Thursday at a closing price of $2.38, with 4.05 million shares of worth about $9.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 73.72% during that period and on Thursday the price saw a gain of about 9.68%. Currently the company’s common shares owned by public are about 94.17M shares, out of which, 91.65M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 758,136 shares in 25 of the transactions. In 63 selling transactions, insiders dumped 249,513 shares.

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Stock saw a price change of 0.42% in past 5 days and over the past one month there was a price change of 163.92%. Year-to-date (YTD), FGEN shares are showing a performance of 168.53% which decreased to -90.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.33 but also hit the highest price of $25.18 during that period. The average intraday trading volume for FibroGen Inc shares is 2.63 million. The stock is currently trading 83.48% above its 20-day simple moving average (SMA20), while that difference is up 156.68% for SMA50 and it goes to -48.24% lower than SMA200.

FibroGen Inc (NASDAQ: FGEN) currently have 94.17M outstanding shares and institutions hold larger chunk of about 70.37% of that.

The stock has a current market capitalization of $234.05M and its 3Y-monthly beta is at 0.71. It has posted earnings per share of -$3.06 in the same period. It has Quick Ratio of 1.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FGEN, volatility over the week remained 25.38% while standing at 23.18% over the month.

Analysts are in expectations that FibroGen Inc (FGEN) stock would likely to be making an EPS of -$0.42 in the current quarter, while forecast for next quarter EPS is -$0.4 and it is -$1.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.43 which is -$0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.7 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 16.35% while it is estimated to increase by 51.27% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 08, 2023 offering an Underperform rating for the stock and assigned a target price range of between $4 and $2 to it.

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