The Short-term Rise and Fall of Standard BioTools Inc (LAB) Stock

At the time of writing, Standard BioTools Inc [LAB] stock is trading at $2.54, up 2.42%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LAB shares have gain 7.17% over the last week, with a monthly amount drifted -8.30%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Standard BioTools Inc [NASDAQ: LAB] stock has seen the most recent analyst activity on April 16, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $3.50. Previously, Jefferies started tracking the stock with Buy rating on April 04, 2024, and set its price target to $3.25. On July 12, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $4 on the stock.

For the past year, the stock price of Standard BioTools Inc fluctuated between $1.57 and $3.16. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Standard BioTools Inc [NASDAQ: LAB] shares were valued at $2.54 at the most recent close of the market. An investor can expect a potential return of 27.95% based on the average LAB price forecast.

Analyzing the LAB fundamentals

According to Standard BioTools Inc [NASDAQ:LAB], the company’s sales were 126.76M for trailing twelve months, which represents an 81.30% jump. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at -0.73%, Pretax Profit Margin comes in at -0.71%, and Net Profit Margin reading is -0.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.73 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.

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 2.47 points at the first support level, and at 2.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.59, and for the 2nd resistance point, it is at 2.64.

Standard BioTools Inc [LAB] reported earnings per share of $0 for its fiscal quarter that ended on 12/31/2023.

Ratios To Look Out For

It is important to note that Standard BioTools Inc [NASDAQ:LAB] has a current ratio of 4.50. Also, the Quick Ratio is 4.17, while the Cash Ratio stands at 2.36. Considering the valuation of this stock, the price to sales ratio is 7.68, the price to book ratio is 1.67.

Transactions by insiders

Recent insider trading involved Casdin Partners Master Fund, L, Director, that happened on Mar 05 ’24 when 1403.0 shares were purchased. Director, Casdin Partners Master Fund, L completed a deal on Mar 04 ’24 to buy 0.25 million shares. Meanwhile, Director Casdin Eli bought 0.8 million shares on May 19 ’23.

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