Illumina Inc. (ILMN) Stock: Identifying Value and Future Vision

As of right now, Illumina Inc. [ILMN] is trading at $216.38, up 5.87%. An important factor to consider is whether the stock is rising or falling in short-term value. The ILMN shares have gain 7.59% over the last week, with a monthly amount glided 13.02%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Illumina Inc. [NASDAQ: ILMN] stock has seen the most recent analyst activity on January 05, 2023, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $216. Previously, Citigroup downgraded its rating to Sell on December 12, 2022, and dropped its price target to $180. On December 07, 2022, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $282 on the stock. SVB Leerink upgraded its rating to a Outperform and increased its price target to $270 on October 04, 2022. Evercore ISI upgraded its rating to a Outperform and raised its price target to $250 on September 28, 2022. Credit Suisse started tracking with a Neutral rating for this stock on August 25, 2022, and assigned it a price target of $230. In a note dated July 13, 2022, Barclays downgraded an Underweight rating on this stock and revised its target price from $350 to $150.

Through the last year, Illumina Inc.’s stock price ranged from $173.45 to $383.98. Currently, Wall Street analysts expect the stock to reach $242.78 within the next 12 months. Illumina Inc. [NASDAQ: ILMN] shares were valued at $216.38 at the most recent close of the market. An investor can expect a potential return of 12.2% based on the average ILMN price forecast.

Analyzing the ILMN fundamentals

For Illumina Inc., (ILMN), the latest quarter sales were 1.11 billion, which represents an 0.60% increase. Gross Margin for this corporation currently stands at +69.69% with Operating Margin at +6.32%, Pretax Margin comes in at +19.53%, and Net Margin reading is +16.84%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 207.51 points at the first support level, and at 198.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 221.08, and for the 2nd resistance point, it is at 225.77.

Illumina Inc. [ILMN] reported earnings per share of $0.57 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.65/share, meaning a difference of -$0.08 and a surprise factor of -12.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.07 per share as compared to estimates of $0.9 per share, a difference of $0.17 representing a surprise of 18.90%.

Ratios To Look Out For

It is important to note that Illumina Inc. [NASDAQ:ILMN] has a current ratio of 0.90. On the other hand, the Quick Ratio is 2.09, and the Cash Ratio is 1.23. Considering the valuation of this stock, the price to sales ratio is 12.69, the price to book ratio is 5.56.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 15 insider sales totaling 11,052 shares over the past 3 months. Recent insider trading involved Hoyt Aimee L, SVP, Chief People Officer, that happened on Jan 09 when 871.0 shares were sold. SVP, Chief Commercial Officer, TOUSI SUSAN H completed a deal on Jan 06 to sell 500.0 shares. Meanwhile, SVP, Chief Commercial Officer TOUSI SUSAN H sold 500.0 shares on Dec 06.