At the time of writing, Illumina Inc [ILMN] stock is trading at $141.43, up 3.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The ILMN shares have gain 8.69% over the last week, with a monthly amount glided 8.99%, 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 August 28, 2024, when Argus upgraded its rating to a Buy. Previously, Daiwa Securities upgraded its rating to Buy on August 16, 2024, and elevated its price target to $154. On August 14, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $144 on the stock. Barclays upgraded its rating to a Equal Weight but stick to its price target of $125 on August 14, 2024. Citigroup upgraded its rating to a Buy but $140 remained the price target by the analyst firm on July 10, 2024. In a note dated January 16, 2024, HSBC Securities downgraded an Hold rating on this stock.
For the past year, the stock price of Illumina Inc fluctuated between $86.49 and $144.02. Currently, Wall Street analysts expect the stock to reach $200.82 within the next 12 months. Illumina Inc [NASDAQ: ILMN] shares were valued at $141.43 at the most recent close of the market. An investor can expect a potential return of 41.99% based on the average ILMN price forecast.
Analyzing the ILMN fundamentals
According to Illumina Inc [NASDAQ:ILMN], the company’s sales were 4.43B for trailing twelve months, which represents an -5.44% plunge. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.69%, and Net Profit Margin reading is -0.69%. To continue investigating profitability, this company’s Return on Assets is posted at -0.5, Equity is -0.65 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.61.
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 137.73 points at the first support level, and at 134.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 143.50, and for the 2nd resistance point, it is at 145.58.
Ratios To Look Out For
It is important to note that Illumina Inc [NASDAQ:ILMN] has a current ratio of 1.11. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 5.09, the price to book ratio is 15.66.
Transactions by insiders
Recent insider trading involved CHARLES E. DADSWELL TRUST U/A/, Officer, that happened on Aug 15 ’24 when 3956.0 shares were purchased. Chief Executive Officer, Thaysen Jacob completed a deal on Feb 22 ’24 to buy 7330.0 shares. Meanwhile, SVP, Chief People Officer Hoyt Aimee L sold 315.0 shares on Nov 07 ’23.
