Geode Capital Management LLC recently announced the acquisition of new stake in Soligenix Inc. (NASDAQ:SNGX). The institutional investor has increased its shareholding in the Healthcare company by 1.13% to 0.33 million shares with purchase of 3652.0 shares. This fresh investment now brings its stake to 0.75% valued currently at $0.15 million. In addition, Renaissance Technologies LLC raised its holdings by 14000.0 to 66800.0 shares. And Northern Trust Investments, Inc. has lifted its position by 13.53% or 6915.0 shares – to 58031.0 shares.
With over 0.13 million Soligenix Inc. (SNGX) shares trading Friday and a closing price of $0.50 on the day, the dollar volume was approximately $66641.5. The shares have shown a negative half year performance of -34.89% and its price on 01/20/23 lost nearly -0.54%. Currently, there are 43.08M common shares owned by the public and among those 43.07M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SNGX have a consensus price objective of $3.75. The analysts have set the share’s price value over the next 12 months at a high of $3.75 and a low of $3.75. The average price target is 87.86% above its recent price level and an upside to the estimated low will see the stock gain 86.67% over that period. But an upside of 86.67% will see the stock hit the forecast high price target while median target price for the stock is $3.75.
Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 28,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Soligenix Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 1.22 million shares of the company’s stock, all valued at over $0.55 million. Vanguard Extended Market Index Fu bought 781.0 shares to see its total holdings expand to 0.4 million shares valued at over $0.18 million and representing 0.93% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.44% of the shares outstanding.
Shares of Soligenix Inc. (NASDAQ: SNGX) opened at $0.51, up $0.01 from a prior closing price of $0.50. However, the script later moved the day high at 0.5200, down -0.54%. The company’s stock has a 5-day price change of 4.32% and -23.26% over the past three months. SNGX shares are trading 10.64% year to date (YTD), with the 12-month market performance down to -19.06% lower. It has a 12-month low price of $0.38 and touched a high of $1.00 over the same period. SNGX has an average intraday trading volume of 88.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.53%, -11.40%, and -20.35% respectively.
Institutional ownership of Soligenix Inc. (NASDAQ: SNGX) shares accounts for 7.30% of the company’s 43.08M shares outstanding. Mutual fund holders own 4.55%, while other institutional holders and individual stakeholders account for 8.25% and 2.57% respectively.
It has a market capitalization of $21.80M and a beta (3y monthly) value of 1.76. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.41% over the week and 10.63% over the month.
Analysts forecast that Soligenix Inc. (SNGX) will achieve an EPS of -$0.09 for the current quarter, -$0.09 for the next quarter and -$0.44 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 51.40%, and -37.50% over the next financial year. EPS should shrink at an annualized rate of 1.00% over the next five years, compared to 19.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Soligenix Inc. (SNGX) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
H.C. Wainwright coverage for the Soligenix Inc. (SNGX) stock in a research note released on January 31, 2018 offered a Neutral rating with a price target of $2.70. Maxim Group was of a view on August 14, 2017 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on July 17, 2017, issuing a price target of $11.
