At the time of writing, Illumina Inc [ILMN] stock is trading at $116.29, up 0.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The ILMN shares have lost -3.00% over the last week, with a monthly amount glided 8.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Illumina Inc [NASDAQ: ILMN] stock has seen the most recent analyst activity on July 10, 2024, when Citigroup upgraded its rating to a Buy but kept the price target unchanged to $140 for it. On January 16, 2024, downgrade downgraded it’s rating to Hold. TD Cowen downgraded its rating to a Market Perform but stick to its price target of $144 on January 04, 2024. Scotiabank upgraded its rating to a Sector Outperform but $185 remained the price target by the analyst firm on December 18, 2023. Bernstein upgraded its rating to Mkt Perform for this stock on December 15, 2023. In a note dated December 14, 2023, Stephens initiated an Overweight rating and provided a target price of $170 on this stock.
For the past year, the stock price of Illumina Inc fluctuated between $86.49 and $190.13. Currently, Wall Street analysts expect the stock to reach $252.54 within the next 12 months. Illumina Inc [NASDAQ: ILMN] shares were valued at $116.29 at the most recent close of the market. An investor can expect a potential return of 117.16% based on the average ILMN price forecast.
Analyzing the ILMN fundamentals
According to Illumina Inc [NASDAQ:ILMN], the company’s sales were 4.49B for trailing twelve months, which represents an -1.01% plunge. 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 113.95 points at the first support level, and at 111.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 118.58, and for the 2nd resistance point, it is at 120.88.
Ratios To Look Out For
It is important to note that Illumina Inc [NASDAQ:ILMN] has a current ratio of 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 4.12, the price to book ratio is 3.22.
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.
