10x Genomics Inc (TXG) stock expected to rise by 114.03%: What’s driving the optimism?

A share price of 10x Genomics Inc [TXG] is currently trading at $14.11, up 2.77%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TXG shares have gain 16.13% over the last week, with a monthly amount glided 21.01%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

10x Genomics Inc [NASDAQ: TXG] stock has seen the most recent analyst activity on February 13, 2025, when Leerink Partners downgraded its rating to a Market Perform and also revised its price target to $12 from $25. Previously, Leerink Partners started tracking the stock with Outperform rating on September 03, 2024, and set its price target to $35. On July 22, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $24 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $20 on July 18, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $25 on July 10, 2024. Wolfe Research downgraded its rating to Peer Perform for this stock on June 27, 2024. In a note dated June 25, 2024, Guggenheim downgraded an Neutral rating on this stock.

10x Genomics Inc experienced fluctuations in its stock price throughout the past year between $6.78 and $24.76. Currently, Wall Street analysts expect the stock to reach $30.2 within the next 12 months. 10x Genomics Inc [NASDAQ: TXG] shares were valued at $14.11 at the most recent close of the market. An investor can expect a potential return of 114.03% based on the average TXG price forecast.

Analyzing the TXG fundamentals

Trailing Twelve Months sales for 10x Genomics Inc [NASDAQ:TXG] were 624.66M which represents 9.84% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.22 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.

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 13.54 points at the first support level, and at 12.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.50, and for the 2nd resistance point, it is at 14.88.

Ratios To Look Out For

To put it in perspective, the Current Ratio for 10x Genomics Inc [NASDAQ:TXG] is 5.37. Further, the Quick Ratio stands at 4.68, while the Cash Ratio is 3.49. Considering the valuation of this stock, the price to sales ratio is 2.82, the price to book ratio is 2.46.

Transactions by insiders

Recent insider trading involved Saxonov Serge, Chief Executive Officer, that happened on May 22 ’25 when 9343.0 shares were sold., Hindson Benjamin J. completed a deal on May 22 ’25 to sell 7485.0 shares. Meanwhile, Chief Financial Officer Taich Adam sold 4044.0 shares on May 22 ’25.

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