Wall Street predicts Personalis Inc (PSNL) stock to surge by 118.91%

A share price of Personalis Inc [PSNL] is currently trading at $3.12, up 3.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PSNL shares have gain 8.33% over the last week, with a monthly amount glided 166.67%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Personalis Inc [NASDAQ: PSNL] stock has seen the most recent analyst activity on February 06, 2023, when Needham upgraded its rating to a Buy but kept the price target unchanged to $8 for it. Previously, Needham upgraded its rating to Buy on February 06, 2023. On January 07, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $23 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight. Needham downgraded its rating to a Hold. In a note dated September 20, 2021, Needham reiterated an Buy rating on this stock and revised its target price from $33 to $28.

Personalis Inc experienced fluctuations in its stock price throughout the past year between $0.89 and $4.52. Currently, Wall Street analysts expect the stock to reach $6.83 within the next 12 months. Personalis Inc [NASDAQ: PSNL] shares were valued at $3.12 at the most recent close of the market. An investor can expect a potential return of 118.91% based on the average PSNL price forecast.

Analyzing the PSNL fundamentals

Trailing Twelve Months sales for Personalis Inc [NASDAQ:PSNL] were 74.15M which represents 3.53% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -1.28%, Pretax Profit Margin comes in at -1.25%, and Net Profit Margin reading is -1.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -0.64 and Total Capital is -0.58. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.

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 2.97 points at the first support level, and at 2.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.25, and for the 2nd resistance point, it is at 3.39.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Personalis Inc [NASDAQ:PSNL] is 3.72. Also, the Quick Ratio is 3.56, while the Cash Ratio stands at 1.4. Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 1.33.

Transactions by insiders

Recent insider trading involved Tachibana Aaron, CFO AND COO, that happened on Jun 17 ’24 when 7176.0 shares were sold. CHIEF MEDICAL OFFICER AND EVP, Chen Richard completed a deal on Jun 17 ’24 to sell 5055.0 shares. Meanwhile, SVP and Chief Legal Officer Moore Stephen Michael sold 1585.0 shares on Jun 17 ’24.

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