Compugen Ltd. (CGEN) Looks Ready for Growth Despite 4.21% Change This Year

Compugen Ltd. (NASDAQ: CGEN) is 4.21% higher on its value in year-to-date trading and has touched a low of $5.62 and a high of $19.90 in the current 52-week trading range. The CGEN stock was last observed hovering at around $13.32 in the last trading session, with the day’s loss setting it -0.7% off its average median price target of $19.00 for the next 12 months. It is also 54.93% off the consensus price target high of $28.00 offered by 7 analysts, but current levels are 29.89% higher than the price target low of $18.00 for the same period.

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Currently trading at $12.62, the stock is -1.84% and -2.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -5.26% at the moment leaves the stock -12.23% off its SMA200. CGEN registered 105.20% gain for a year compared to 6-month loss of -15.70%. The firm has a 50-day simple moving average (SMA 50) of $12.77 and a 200-day simple moving average (SMA200) of $15.00.

The stock witnessed a 0.40% gain in the last 1 month and extending the period to 3 months gives it a -28.01%, and is -1.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.29% over the week and 7.73% over the month.

Distance from 52-week low is 124.56% and -36.58% from its 52-week high.

Compugen Ltd. (CGEN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Compugen Ltd. (CGEN) is a “Buy”. 7 analysts offering their recommendations for the stock have an average rating of 1.40, where 0 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Compugen Ltd. is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1.The EPS is expected to shrink by -5.10% this year.

Compugen Ltd. (CGEN) Top Institutional Holders

149 institutions hold shares in Compugen Ltd. (CGEN), with 314.38k shares held by insiders accounting for 0.38% while institutional investors hold 53.36% of the company’s shares. The shares outstanding are 83.17M, and float is at 82.38M with Short Float at 5.70%. Institutions hold 53.16% of the Float.

The top institutional shareholder in the company is ARK Investment Management, LLC with over 17.67 million shares valued at $287.17 million. The investor’s holdings represent 21.37% of the CGEN Shares outstanding. As of Sep 29, 2020, the second largest holder is Nikko Asset Management Americas, Inc. with 7.01 million shares valued at $113.86 million to account for 8.47% of the shares outstanding. The other top investors are Consonance Capital Management LP which holds 2.64 million shares representing 3.19% and valued at over $42.86 million, while Boxer Capital, LLC holds 2.88% of the shares totaling 2.38 million with a market value of $38.73 million.

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Compugen Ltd. (CGEN): Who are the competitors?

The company’s main competitors (and peers) include Apollo Endosurgery Inc. (APEN) that is trading 22.68% up over the past 12 months. Teva Pharmaceutical Industries Limited (TEVA) is 26.30% up on the 1-year trading charts. Short interest in the company’s stock has risen 37.1% from the last report on Nov 12, 2020 to stand at a total of 2.95 million short shares sold with a short interest ratio of 4.1.

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