What is PROG Stock? – Progenity (PROG) Stamp Prediction 2021

What is PROG Stock? – Progenity (PROG) Stamp Prediction 2021

One of the red-sizzling stocks that remains to be on investors’ radar this day is Progenity (PROG). This biotech stock is one who’s been inclined to outsized strikes within the previous. PROG stock is one who has surged in parabolic vogue, and subsequently fallen, on a various of times over the final month.

Neatly, Progenity is an organization that’s been identified by retail investors as a skill short squeeze. On our checklist of high short squeeze stocks final week, PROG stock ranked #2 on the checklist. The corporate’s borrow rate rate and short pastime ratios of factual beneath 40% seem to own enticed investors to take into fable this stock a high short squeeze candidate.
Certainly, any stock with this stage of short pastime is inclined to generate some predominant intrigue among retail investors. Those within the hunt for the subsequent squeeze own sought out such performs as high non everlasting trades appropriate now. Accordingly, the 40% switch in PROG stock this day also can simply no longer essentially be a shock for heaps of.
That acknowledged, let’s dive into about a things investors also can simply want to know about Progenity.
Progenity is a California-primarily based totally mostly biotech company providing molecular making an strive out products within the U.S.
Among the corporate’s most stylish products are non-invasive prenatal screening assessments.
These assessments show for chromosomal abnormalities in unborn babies, specializing in early detection for expectant moms.
Progenity’s pipeline involves therapies for GI-associated complications and numerous treatments as successfully.
Furthermore, the corporate affords molecular pathology assessments similar to Covid-19 PCR making an strive out services.
This whine, among others, seen PROG stock alternate at its very best stages final yr.
Currently, PROG stock trades around $2.14 per half, substantially beneath its 52-week excessive of $9.48 per half.
On the date of publication, Chris MacDonald did no longer own (either without extend or now indirectly) any positions within the securities mentioned in this article. The opinions expressed in this article are those of the author, discipline to the InvestorPlace.com Publishing Guidelines.

@Noah Reed

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