Is Humanigen Inc. (HGEN) a good stock to buy now?

Humanigen Inc. (NASDAQ: HGEN) is -4.51% lower on its value in year-to-date trading and has touched a low of $3.40 and a high of $33.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HGEN stock was last observed hovering at around $17.74 in the last trading session, with the day’s loss setting it -1.03% off its average median price target of $35.00 for the next 12 months. It is also 61.14% off the consensus price target high of $43.00 offered by 7 analysts, but current levels are 20.43% higher than the price target low of $21.00 for the same period.

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Currently trading at $16.71, the stock is -1.30% and -8.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -5.81% at the moment leaves the stock 3.96% off its SMA200. HGEN registered 203.82% gain for a year compared to 6-month gain of 37.64%. The firm has a 50-day simple moving average (SMA 50) of $17.68 and a 200-day simple moving average (SMA200) of $14.75.

The stock witnessed a 3.79% loss in the last 1 month and extending the period to 3 months gives it a 1.33%, and is -22.91% 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 8.59% over the week and 13.38% over the month.

Humanigen Inc. (HGEN) has around 10 employees, a market worth around $888.64M and $0.30M in sales. Fwd P/E is 4.40. Distance from 52-week low is 391.47% and -50.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-193.80%).

Humanigen Inc. (HGEN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Humanigen Inc. (HGEN) is a “Buy”. 7 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 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.

Humanigen Inc. is expected to release its quarterly report on 09/27/2021 and quarterly earnings per share for the current quarter are estimated at -$0.51.The EPS is expected to shrink by -426.20% this year, but quarterly earnings will post 170,640.41% year-over-year.

Humanigen Inc. (HGEN) Top Institutional Holders

45 institutions hold shares in Humanigen Inc. (HGEN), with 19.6M shares held by insiders accounting for 36.64% while institutional investors hold 38.95% of the company’s shares. The shares outstanding are 51.73M, and float is at 30.82M with Short Float at 12.83%. Institutions hold 24.68% of the Float.

The top institutional shareholder in the company is Valiant Capital Management, L.P. with over 7.07 million shares valued at $123.8 million. The investor’s holdings represent 3.35% of the HGEN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 1.62 million shares valued at $28.27 million to account for 0.77% of the shares outstanding. The other top investors are Think Investments LP which holds 1.34 million shares representing 0.63% and valued at over $23.41 million, while Blackrock Inc. holds 0.37% of the shares totaling 0.79 million with a market value of $13.84 million.

Humanigen Inc. (HGEN) Insider Activity

A total of 38 insider transactions have happened at Humanigen Inc. (HGEN) in the last six months, with sales accounting for 38 and purchases happening 0 times. The most recent transaction is an insider sale by NOMIS BAY LTD. ,the company’s10% Owner. SEC filings show that NOMIS BAY LTD. sold 119,201 shares of the company’s common stock on Mar 11 at a price of $16.02 per share for a total of $1.91 million. Following the sale, the insider now owns 5.38 million shares.

Humanigen Inc. disclosed in a document filed with the SEC on Mar 10 that NOMIS BAY LTD. (10% Owner) sold a total of 32,469 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $16.46 per share for $0.53 million. Following the transaction, the insider now directly holds 5.5 million shares of the HGEN stock.

Still, SEC filings show that on Mar 09, NOMIS BAY LTD. (10% Owner) disposed off 83,568 shares at an average price of $17.24 for $1.44 million. The insider now directly holds 55,632,469 shares of Humanigen Inc. (HGEN).

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