enGene Holdings Inc’s filing revealed that its 10% Owner Forbion Growth Opportunities F acquired Company’s shares for reported $5.0 million on Oct 30 ’24. In the deal valued at $8.90 per share,561,797 shares were bought. As a result of this transaction, Forbion Growth Opportunities F now holds 3,032,430 shares worth roughly $18.44 million.
Then, Forbion Growth Opportunities F bought 341,332 shares, generating $2,163,362 in total proceeds. Upon buying the shares at $6.34, the 10% Owner now owns 2,400,791 shares.
Before that, Forbion Growth Opportunities F bought 41,639 shares. enGene Holdings Inc shares valued at $248,699 were divested by the 10% Owner at a price of $5.97 per share. As a result of the transaction, Forbion Growth Opportunities F now holds 2,059,459 shares, worth roughly $12.52 million.
Raymond James initiated its enGene Holdings Inc [ENGN] rating to an Outperform in a research note published on November 27, 2024; the price target was $23. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid November with a ‘”a Mkt outperform”‘ rating. Oppenheimer began covering ENGN with “an Outperform” recommendation on August 28, 2024. Wells Fargo started covering the stock on April 22, 2024. It rated ENGN as “an Overweight”.
Price Performance Review of ENGN
On Friday, enGene Holdings Inc [NASDAQ:ENGN] saw its stock fall -7.74% to $6.08. Over the last five days, the stock has lost -29.71%. enGene Holdings Inc shares have fallen nearly -34.13% since the year began. Nevertheless, the stocks have fallen -12.52% over the past one year. While a 52-week high of $18.40 was reached on 03/26/24, a 52-week low of $4.42 was recorded on 09/26/24. SMA at 50 days reached $8.18, while 200 days put it at $10.26.
Levels Of Support And Resistance For ENGN Stock
The 24-hour chart illustrates a support level at 5.80, which if violated will result in even more drops to 5.53. On the upside, there is a resistance level at 6.55. A further resistance level may holdings at 7.03. The Relative Strength Index (RSI) on the 14-day chart is 26.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.78%. Stochastics %K at 4.76% indicates the stock is a buying.
How much short interest is there in enGene Holdings Inc?
A steep rise in short interest was recorded in enGene Holdings Inc stocks on 2024-11-29, dropping by 29005.0 shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.8 million shares. There was a decline of -3.78%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.
