At the time of writing, Qiagen NV [QGEN] stock is trading at $46.29, up 1.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The QGEN shares have gain 5.35% over the last week, with a monthly amount glided 14.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Qiagen NV [NYSE: QGEN] stock has seen the most recent analyst activity on June 27, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $50 for it. Previously, Wells Fargo started tracking the stock with Equal Weight rating on December 19, 2023, and set its price target to $44. On December 13, 2023, Wolfe Research initiated with a Peer Perform rating. Goldman upgraded its rating to a Buy but stick to its price target of $50 on December 07, 2023. Robert W. Baird initiated its recommendation with a Outperform and recommended $50 as its price target on September 12, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on May 23, 2023. In a note dated October 18, 2022, Morgan Stanley initiated an Equal-Weight rating.
For the past year, the stock price of Qiagen NV fluctuated between $34.74 and $46.99. Currently, Wall Street analysts expect the stock to reach $52.37 within the next 12 months. Qiagen NV [NYSE: QGEN] shares were valued at $46.29 at the most recent close of the market. An investor can expect a potential return of 13.13% based on the average QGEN price forecast.
Analyzing the QGEN fundamentals
According to Qiagen NV [NYSE:QGEN], the company’s sales were 1.94B for trailing twelve months, which represents an 0.30% jump. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 45.84 points at the first support level, and at 45.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.64, and for the 2nd resistance point, it is at 47.00.
Ratios To Look Out For
It is important to note that Qiagen NV [NYSE:QGEN] has a current ratio of 1.77. In addition, the Quick Ratio stands at 1.46 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 5.29, the price to book ratio is 3.02 and price to earnings (TTM) ratio is 147.51.
