At the time of writing, Illumina Inc [ILMN] stock is trading at $138.68, up 3.65%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ILMN shares have gain 4.12% over the last week, with a monthly amount drifted -0.77%, and not seem to be holding up well over a long-time horizon.
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On 18, March 2024, A Biobank for the Americas and a Genomics Lab Power Precision Health for All. In a post published today on Yahoo Finance, Illumina:
From an analyst’s perspective:
Illumina Inc [NASDAQ: ILMN] stock has seen the most recent analyst activity on January 16, 2024, when HSBC Securities downgraded its rating to a Hold. Previously, TD Cowen downgraded its rating to Market Perform on January 04, 2024, and kept the price target unchanged to $144. On December 18, 2023, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $185 on the stock. Bernstein upgraded its rating to a Mkt Perform. Stephens initiated its recommendation with a Overweight and recommended $170 as its price target on December 14, 2023. Guggenheim started tracking with a Buy rating for this stock on December 14, 2023, and assigned it a price target of $155. In a note dated December 13, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $175 on this stock.
For the past year, the stock price of Illumina Inc fluctuated between $89.00 and $233.42. Currently, Wall Street analysts expect the stock to reach $333.9 within the next 12 months. Illumina Inc [NASDAQ: ILMN] shares were valued at $138.68 at the most recent close of the market. An investor can expect a potential return of 140.77% based on the average ILMN price forecast.
Analyzing the ILMN fundamentals
According to Illumina Inc [NASDAQ:ILMN], the company’s sales were 4.50B for trailing twelve months, which represents an 3.60% jump. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.19 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
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 135.87 points at the first support level, and at 133.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.08, and for the 2nd resistance point, it is at 141.49.
Illumina Inc [ILMN] reported earnings per share of $0.14 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 $0.02/share, meaning a difference of $0.12 and a surprise factor of 600.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.33 per share as compared to estimates of $0.12 per share, a difference of $0.21 representing a surprise of 175.00%.
Ratios To Look Out For
It is important to note that Illumina Inc [NASDAQ:ILMN] has a current ratio of 1.66. Also, the Quick Ratio is 1.29, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 4.89, the price to book ratio is 3.84.
Transactions by insiders
Recent insider trading involved Thaysen Jacob, Chief Executive Officer, that happened on Feb 22 ’24 when 7330.0 shares were purchased. SVP, Chief People Officer, Hoyt Aimee L completed a deal on Nov 07 ’23 to sell 315.0 shares. Meanwhile, SVP, Chief Commercial Officer TOUSI SUSAN H sold 500.0 shares on Aug 22 ’23.
