While enGene Holdings Inc has overperformed by 0.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ENGN fell by -4.12%, with highs and lows ranging from $18.40 to $4.42, whereas the simple moving average fell by -19.38% in the last 200 days.
On November 27, 2024, Raymond James started tracking enGene Holdings Inc (NASDAQ: ENGN) recommending Outperform. A report published by JMP Securities on November 18, 2024, Initiated its previous ‘Mkt Outperform’ rating for ENGN. Oppenheimer also rated ENGN shares as ‘Outperform’, setting a target price of $30 on the company’s shares in an initiating report dated August 28, 2024. Wells Fargo Initiated an Overweight rating on April 22, 2024, and assigned a price target of $30. Guggenheim initiated its ‘Buy’ rating for ENGN, as published in its report on April 15, 2024. UBS’s report from March 28, 2024 suggests a price prediction of $37 for ENGN shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Overweight’.
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Analysis of enGene Holdings Inc (ENGN)
One of the most important indicators of enGene Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -103.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 19.52, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ENGN is recording 163.33K average volume. On a monthly basis, the volatility of the stock is set at 7.09%, whereas on a weekly basis, it is put at 7.83%, with a gain of 14.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.62, showing growth from the present price of $8.61, which can serve as yet another indication of whether ENGN is worth investing in or should be passed over.
How Do You Analyze enGene Holdings Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 63.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 35.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ENGN shares are owned by institutional investors to the tune of 35.92% at present.
