Progenity Inc. (NASDAQ:PROG) went down by -7.83% from its latest closing price compared to the recent 1-year high of $9.75. The company’s stock price has collected -15.31% of loss in the last five trading sessions. Press Release reported on 09/07/21 that Thinking about buying stock in Pliant Therapeutics, Comstock Mining, Metromile, Progenity, or Paya Holdings?
Is It Worth Investing in Progenity Inc. (NASDAQ :PROG) Right Now?
Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Progenity Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $7.00. PROG currently public float of 20.98M and currently shorts hold a 17.96% ratio of that float. Today, the average trading volume of PROG was 5.97M shares.
PROG’s Market Performance
PROG stocks went down by -15.31% for the week, with a monthly drop of -45.97% and a quarterly performance of -70.34%, while its annual performance rate touched -89.46%. The volatility ratio for the week stands at 9.54% while the volatility levels for the past 30 days are set at 11.74% for Progenity Inc.. The simple moving average for the period of the last 20 days is -13.03% for PROG stocks with a simple moving average of -74.76% for the last 200 days.
Analysts’ Opinion of PROG
Many brokerage firms have already submitted their reports for PROG stocks, with Robert W. Baird repeating the rating for PROG by listing it as a “Neutral.” The predicted price for PROG in the upcoming period, according to Robert W. Baird is $2 based on the research report published on June 03rd of the current year 2021.
Wells Fargo, on the other hand, stated in their research note that they expect to see PROG reach a price target of $5, previously predicting the price at $11. The rating they have provided for PROG stocks is “Underweight” according to the report published on February 08th, 2021.
BTIG Research gave a rating of “Buy” to PROG, setting the target price at $12 in the report published on October 23rd of the previous year.
PROG Trading at -50.93% from the 50-Day Moving Average
After a stumble in the market that brought PROG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.36% of loss for the given period.
Volatility was left at 11.74%, however, over the last 30 days, the volatility rate increased by 9.54%, as shares sank -43.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -72.43% lower at present.
During the last 5 trading sessions, PROG fell by -15.31%, which changed the moving average for the period of 200-days by -75.89% in comparison to the 20-day moving average, which settled at $1.0450. In addition, Progenity Inc. saw -82.30% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at PROG starting from Athyrium Capital Management, L, who purchase 8,097,166 shares at the price of $2.47 back on Jun 14. After this action, Athyrium Capital Management, L now owns 36,396,907 shares of Progenity Inc., valued at $20,000,000 using the latest closing price.
Athyrium Opportunities Fund (A, the 10% Owner of Progenity Inc., purchase 8,097,166 shares at $2.47 during a trade that took place back on Jun 14, which means that Athyrium Opportunities Fund (A is holding 36,396,907 shares at $20,000,000 based on the most recent closing price.
Stock Fundamentals for PROG
Current profitability levels for the company are sitting at:
- -561.13 for the present operating margin
- -129.20 for the gross margin
The net margin for Progenity Inc. stands at -472.30. The total capital return value is set at -1,020.81, while invested capital returns managed to touch -890.01. Equity return is now at value 215.80, with -178.60 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 8.99, with the company’s debt to enterprise value settled at 0.44. The receivables turnover for the company is 2.30 and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.