Prepare Yourself for Liftoff: PepGen Inc. (PEPG)

PepGen Inc. (NASDAQ: PEPG) stock jumped 110.19% on Wednesday to $10.93 against a previous-day closing price of $5.20. With 9.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 41830.0 shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $12.84 whereas the lowest price it dropped to was $6.00. The 52-week range on PEPG shows that it touched its highest point at $16.99 and its lowest point at $4.32 during that stretch. It currently has a 1-year price target of $24.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PEPG was up-trending over the past week, with a rise of 124.90%, but this was up by 11.53% over a month. A look at the trailing 12-month EPS for PEPG yields -2.27 with Next year EPS estimates of -4.88.

Float and Shares Shorts:

At present, 22.39 million PEPG shares are outstanding with a float of 16.06 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.29 million, which was 1.23% higher than short shares on Jun 14, 2022. In addition to Dr. James G. McArthur Ph.D. as the firm’s Pres, CEO, Treasurer, Sec. & Director, Ms. Caroline Godfrey Ph.D. serves as its Founder & Scientific Advisory Board Member.

Institutional Ownership:

Through their ownership of 54.57% of PEPG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 70.43% of PEPG, in contrast to 4.06% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PEPG with 34.41% of the stake, RA Capital Management LP holds 8,131,952 shares worth 8,131,952. A second-largest stockholder of PEPG, Viking Global Investors LP, holds 1,793,923 shares, controlling over 7.59% of the firm’s shares. Qatar Investment Authority is the third largest shareholder in PEPG, holding 1,251,342 shares or 5.30% stake. With a 1.11% stake in PEPG, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 261,706 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.66% of PEPG stock, is the second-largest Mutual Fund holder. It holds 155,349 shares valued at 1.48 million. iShares Russell 2000 ETF holds 0.65% of the stake in PEPG, owning 153,045 shares worth 1.45 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PEPG since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PEPG analysts setting a high price target of $40.00 and a low target of $16.00, the average target price over the next 12 months is $24.25. Based on these targets, PEPG could surge 265.97% to reach the target high and rise by 46.39% to reach the target low. Reaching the average price target will result in a growth of 121.87% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PEPG will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$4.85 being high and -$7.11 being low. For PEPG, this leads to a yearly average estimate of -$5.76. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. PepGen Inc. surprised analysts by -$0.47 when it reported -$1.23 EPS against a consensus estimate of -$0.76. The surprise factor in the prior quarter was -$14.33. Based on analyst estimates, the high estimate for the next quarter is -$0.80 and the low estimate is -$1.39. The average estimate for the next quarter is thus -$1.00.

Summary of Insider Activity:

Insiders traded PEPG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 11,888,510 while 0 shares were sold.

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