Standard BioTools Inc [LAB] stock is trading at $1.89, saw in change for the day. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LAB shares have gain 5.00% over the last week, with a monthly amount drifted -9.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Standard BioTools Inc [NASDAQ: LAB] stock has seen the most recent analyst activity on April 16, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $3.50. Previously, Jefferies started tracking the stock with Buy rating on April 04, 2024, and set its price target to $3.25. On July 12, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $4 on the stock.
Standard BioTools Inc [LAB] stock has fluctuated between $1.21 and $3.04 over the past year. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Standard BioTools Inc [NASDAQ: LAB] shares were valued at $1.89 at the most recent close of the market. An investor can expect a potential return of 71.96% based on the average LAB price forecast.
Analyzing the LAB fundamentals
Standard BioTools Inc [NASDAQ:LAB] reported sales of 136.30M for the trailing twelve months, which represents a growth of 34.48%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -0.86%, Pretax Profit Margin comes in at -0.87%, and Net Profit Margin reading is -0.87%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.42 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 1.8617 points at the first support level, and at 1.8333 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9167, and for the 2nd resistance point, it is at 1.9433.
Ratios To Look Out For
For context, Standard BioTools Inc’s Current Ratio is 3.88. In addition, the Quick Ratio stands at 3.53 and the Cash Ratio stands at 2.18. Considering the valuation of this stock, the price to sales ratio is 5.15, the price to book ratio is 1.37.
Transactions by insiders
Recent insider trading involved Taich Adam, Former Officer, that happened on Sep 09 ’24 when 45851.0 shares were purchased. Director, Casdin Partners Master Fund, L completed a deal on Aug 27 ’24 to buy 0.25 million shares. Meanwhile, Director Casdin Partners Master Fund, L bought 0.29 million shares on Aug 23 ’24.
