Are Analysts Too Bullish On FibroGen Inc (FGEN)

FibroGen Inc (NASDAQ:FGEN) currently has a daily average trading volume of 2.57M but it saw 1318014 shares traded in last market. With a market cap of 89.87M USD, the company’s current market price of $0.90 came rising about 7.66 while comparing to the previous closing price of $0.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.93 and as low as $0.33.

Taking a look at 20-day trading activity of FibroGen Inc (FGEN) gives us an average price of $0.9857, while its current price level is -69.17% below from 52-week high level whereas it is 171.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1093 while that of 200 days or SMA-200 reads an average of $1.1587. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.58% during that period while stretching the period over a month that decreases to 9.85%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.57 which implies that the stock is in neutral territory.

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The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which downgraded the stock as “Underperform” in its note to investors issued on August 08, 2023, recommending a price target of between $4 and $2 for it.

Over the week, FGEN’s stock price is moving 21.59% up while it is -17.87% when we observe its performance for the past one month. Year-to-date it is 1.93% up and over the past year, the stock is showing a downside performance of -67.62%.

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Currently, FibroGen Inc’s total number of outstanding shares is 98.77M. Company’s return on equity (ROE) at -42790.17%. Stock’s beta reads 0.71. Stock has a price to sale or P/S ratio amounts to 0.54. Its return on asset (ROA) is -53.17% on average.

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