A share price of Standard BioTools Inc [LAB] is currently trading at $2.53, up 2.02%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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.
Standard BioTools Inc experienced fluctuations in its stock price throughout the past year 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 $2.53 at the most recent close of the market. An investor can expect a potential return of 28.46% based on the average LAB price forecast.
Analyzing the LAB fundamentals
Trailing Twelve Months sales for Standard BioTools Inc [NASDAQ:LAB] were 126.76M which represents 81.30% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 2.45 points at the first support level, and at 2.38 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 2.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Standard BioTools Inc [NASDAQ:LAB] is 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 7.65, the price to book ratio is 1.67.
Transactions by insiders
Recent insider trading involved Casdin Partners Master Fund, L, Director, that happened on May 23 ’24 when 100000.0 shares were purchased. Director, Casdin Partners Master Fund, L completed a deal on May 22 ’24 to buy 0.15 million shares. Meanwhile, Director Casdin Partners Master Fund, L bought 0.35 million shares on May 21 ’24.
