GeneDx Holdings Corp (WGS) stock forecast: Can it reach its 52-week high of $89.11

A share price of GeneDx Holdings Corp [WGS] is currently trading at $78.71, up 9.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WGS shares have gain 15.02% over the last week, with a monthly amount glided 33.20%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

GeneDx Holdings Corp [NASDAQ: WGS] stock has seen the most recent analyst activity on August 28, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $34. Previously, Craig Hallum started tracking the stock with Buy rating on July 10, 2024, and set its price target to $43.

GeneDx Holdings Corp experienced fluctuations in its stock price throughout the past year between $1.32 and $89.11. Currently, Wall Street analysts expect the stock to reach $42.5 within the next 12 months. GeneDx Holdings Corp [NASDAQ: WGS] shares were valued at $78.71 at the most recent close of the market. An investor can expect a potential drop of -46.0% based on the average WGS price forecast.

Analyzing the WGS fundamentals

Trailing Twelve Months sales for GeneDx Holdings Corp [NASDAQ:WGS] were 267.23M which represents 44.22% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.4 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.

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 72.77 points at the first support level, and at 66.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.20, and for the 2nd resistance point, it is at 85.69.

Ratios To Look Out For

To put it in perspective, the Current Ratio for GeneDx Holdings Corp [NASDAQ:WGS] is 2.41. In addition, the Quick Ratio stands at 2.27 and the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 8.84, the price to book ratio is 10.56.

Transactions by insiders

Recent insider trading involved Ryan Jason, Director, that happened on Nov 19 ’24 when 31510.0 shares were sold. Director, Ryan Jason completed a deal on Nov 20 ’24 to sell 15490.0 shares. Meanwhile, Officer Feeley Kevin bought 22000.0 shares on Nov 21 ’24.

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