Exact Sciences Corp. [EXAS] stock prices are up 5.16% to $61.90 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EXAS shares have gain 1.98% over the last week, with a monthly amount glided 1.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Exact Sciences Corp. [NASDAQ: EXAS] stock has seen the most recent analyst activity on January 02, 2024, when The Benchmark Company upgraded its rating to a Buy but kept the price target unchanged to $91 for it. Previously, Guggenheim started tracking the stock with Buy rating on December 14, 2023, and set its price target to $90. On December 13, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $95 on the stock. Piper Sandler upgraded its rating to a Overweight but stick to its price target of $90 on October 10, 2023. Bernstein initiated its recommendation with a Outperform and recommended $83 as its price target on September 28, 2023. The Benchmark Company downgraded its rating to Hold for this stock on August 02, 2023. In a note dated May 10, 2023, Craig Hallum upgraded an Buy rating on this stock and boosted its target price from $55 to $85.
The stock price of Exact Sciences Corp. [EXAS] has been fluctuating between $56.05 and $100.77 over the past year. Currently, Wall Street analysts expect the stock to reach $106.29 within the next 12 months. Exact Sciences Corp. [NASDAQ: EXAS] shares were valued at $61.90 at the most recent close of the market. An investor can expect a potential return of 71.71% based on the average EXAS price forecast.
Analyzing the EXAS fundamentals
The Exact Sciences Corp. [NASDAQ:EXAS] reported sales of 2.50B for trailing twelve months, representing a surge of 16.98%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 59.71 points at the first support level, and at 57.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.16, and for the 2nd resistance point, it is at 64.42.
Exact Sciences Corp. [EXAS] reported earnings per share of -$0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.46/share, meaning a difference of $0.19 and a surprise factor of 41.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0 per share as compared to estimates of -$0.48 per share, a difference of $0.48 representing a surprise of 100.00%.
Ratios To Look Out For
It’s worth pointing out that Exact Sciences Corp. [NASDAQ:EXAS]’s Current Ratio is 2.32. Also, the Quick Ratio is 2.07, while the Cash Ratio stands at 1.18. Considering the valuation of this stock, the price to sales ratio is 4.50, the price to book ratio is 3.57.
Transactions by insiders
Recent insider trading involved Conroy Kevin T, President and CEO, that happened on Mar 01 ’24 when 8271.0 shares were sold. Director, LEVANGIE DANIEL J completed a deal on Mar 01 ’24 to sell 5000.0 shares. Meanwhile, Chief Commercial Officer Cunningham Everett sold 2412.0 shares on Mar 01 ’24.
