At the time of writing, 10x Genomics Inc [TXG] stock is trading at $20.22, up 1.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TXG shares have gain 21.08% over the last week, with a monthly amount glided 3.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
10x Genomics Inc [NASDAQ: TXG] stock has seen the most recent analyst activity on July 22, 2024, when Jefferies upgraded its rating to a Buy but kept the price target unchanged to $24 for it. Previously, JP Morgan downgraded its rating to Neutral on July 18, 2024, and dropped its price target to $20. On July 10, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $25 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Guggenheim downgraded its rating to a Neutral. In a note dated May 01, 2024, TD Cowen downgraded an Hold rating on this stock and revised its target price from $57 to $32.
For the past year, the stock price of 10x Genomics Inc fluctuated between $15.28 and $63.57. Currently, Wall Street analysts expect the stock to reach $26.25 within the next 12 months. 10x Genomics Inc [NASDAQ: TXG] shares were valued at $20.22 at the most recent close of the market. An investor can expect a potential return of 29.82% based on the average TXG price forecast.
Analyzing the TXG fundamentals
According to 10x Genomics Inc [NASDAQ:TXG], the company’s sales were 625.45M for trailing twelve months, which represents an 5.01% jump. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.42%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.35 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 19.69 points at the first support level, and at 19.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.78, and for the 2nd resistance point, it is at 21.33.
Ratios To Look Out For
It is important to note that 10x Genomics Inc [NASDAQ:TXG] has a current ratio of 5.22. In addition, the Quick Ratio stands at 4.45 and the Cash Ratio stands at 3.27. Considering the valuation of this stock, the price to sales ratio is 3.87, the price to book ratio is 3.37.
Transactions by insiders
Recent insider trading involved Saxonov Serge, Chief Executive Officer, that happened on May 22 ’24 when 4877.0 shares were sold., Hindson Benjamin J. completed a deal on May 22 ’24 to sell 4087.0 shares. Meanwhile, Chief Financial Officer McAnear Justin J. sold 2936.0 shares on May 22 ’24.
