The stock price of enGene Holdings Inc (NASDAQ: ENGN) has dropped by -2.85 compared to previous close of 6.32. Despite this, the company has seen a gain of 3.54% in its stock price over the last five trading days. zacks.com reported 2024-12-20 that enGene Holdings Inc. (ENGN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Is It Worth Investing in enGene Holdings Inc (NASDAQ: ENGN) Right Now?
ENGN has 36-month beta value of -0.73. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ENGN is 22.86M, and currently, short sellers hold a 0.22% ratio of that float. The average trading volume of ENGN on December 27, 2024 was 209.47K shares.
ENGN’s Market Performance
ENGN’s stock has seen a 3.54% increase for the week, with a -25.93% drop in the past month and a 11.64% gain in the past quarter. The volatility ratio for the week is 11.38%, and the volatility levels for the past 30 days are at 10.21% for enGene Holdings Inc The simple moving average for the past 20 days is -15.33% for ENGN’s stock, with a -37.70% simple moving average for the past 200 days.
Analysts’ Opinion of ENGN
Many brokerage firms have already submitted their reports for ENGN stocks, with H.C. Wainwright repeating the rating for ENGN by listing it as a “Buy.” The predicted price for ENGN in the upcoming period, according to H.C. Wainwright is $25 based on the research report published on December 23, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see ENGN reach a price target of $23. The rating they have provided for ENGN stocks is “Outperform” according to the report published on November 27th, 2024.
JMP Securities gave a rating of “Mkt Outperform” to ENGN, setting the target price at $18 in the report published on November 18th of the current year.
ENGN Trading at -23.29% from the 50-Day Moving Average
After a stumble in the market that brought ENGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.63% of loss for the given period.
Volatility was left at 10.21%, however, over the last 30 days, the volatility rate increased by 11.38%, as shares sank -28.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.90% lower at present.
During the last 5 trading sessions, ENGN rose by +3.54%, which changed the moving average for the period of 200-days by -63.43% in comparison to the 20-day moving average, which settled at $7.25. In addition, enGene Holdings Inc saw -33.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ENGN starting from Forbion Growth Opportunities F, who purchase 561,797 shares at the price of $8.90 back on Oct 30 ’24. After this action, Forbion Growth Opportunities F now owns 3,032,430 shares of enGene Holdings Inc, valued at $4,999,993 using the latest closing price.
Forbion Growth Opportunities F, the 10% Owner of enGene Holdings Inc, purchase 341,332 shares at $6.34 during a trade that took place back on Sep 30 ’24, which means that Forbion Growth Opportunities F is holding 2,400,791 shares at $2,163,362 based on the most recent closing price.
Stock Fundamentals for ENGN
The total capital return value is set at -0.21. Equity return is now at value -103.02, with -94.04 for asset returns.
Based on enGene Holdings Inc (ENGN), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -2.08. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -22.26.
Currently, EBITDA for the company is 62.3 million with net debt to EBITDA at 2.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.87.
Conclusion
To put it simply, enGene Holdings Inc (ENGN) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
