Illumina Inc [ILMN] stock is trading at $107.84, down -0.63%. An important factor to consider is whether the stock is rising or falling in short-term value. The ILMN shares have gain 3.31% over the last week, with a monthly amount glided 3.91%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities downgraded its rating to Hold on January 16, 2024. On January 04, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $144 on the stock. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $185 on December 18, 2023. Bernstein upgraded its rating to a Mkt Perform. Stephens started tracking with a Overweight rating for this stock on December 14, 2023, and assigned it a price target of $170. In a note dated December 14, 2023, Guggenheim initiated an Buy rating and provided a target price of $155 on this stock.
Illumina Inc [ILMN] stock has fluctuated between $86.49 and $190.13 over the past year. Currently, Wall Street analysts expect the stock to reach $252.54 within the next 12 months. Illumina Inc [NASDAQ: ILMN] shares were valued at $107.84 at the most recent close of the market. An investor can expect a potential return of 134.18% based on the average ILMN price forecast.
Analyzing the ILMN fundamentals
Illumina Inc [NASDAQ:ILMN] reported sales of 4.49B for the trailing twelve months, which represents a drop of -1.01%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.22 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 106.99 points at the first support level, and at 106.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.46, and for the 2nd resistance point, it is at 111.07.
Ratios To Look Out For
For context, Illumina Inc’s Current Ratio is 1.75. On the other hand, the Quick Ratio is 1.36, and the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 3.82, the price to book ratio is 2.99.
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.
