The stock of Illumina Inc (NASDAQ: ILMN) has decreased by -2.86 when compared to last closing price of 121.16.Despite this, the company has seen a loss of -11.89% in its stock price over the last five trading days. Morningstar reported 2024-04-16 that These undervalued stocks from the growth side of the Morningstar style box are among our analysts’ favorites today. 00:00 Introduction 00: 31 Adobe ADBE 01:09 Illumina ILMN I’m Susan Dziubinski with Morningstar.
Is It Worth Investing in Illumina Inc (NASDAQ: ILMN) Right Now?
Additionally, the 36-month beta value for ILMN is 1.21. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for ILMN is 158.11M and currently, short sellers hold a 3.34% ratio of that float. The average trading volume of ILMN on April 17, 2024 was 1.69M shares.
ILMN’s Market Performance
ILMN’s stock has seen a -11.89% decrease for the week, with a -7.86% drop in the past month and a -12.91% fall in the past quarter. The volatility ratio for the week is 4.45%, and the volatility levels for the past 30 days are at 3.85% for Illumina Inc The simple moving average for the last 20 days is -10.55% for ILMN’s stock, with a simple moving average of -16.87% for the last 200 days.
Analysts’ Opinion of ILMN
TD Cowen, on the other hand, stated in their research note that they expect to see ILMN reach a price target of $144. The rating they have provided for ILMN stocks is “Market Perform” according to the report published on January 04th, 2024.
Scotiabank gave a rating of “Sector Outperform” to ILMN, setting the target price at $185 in the report published on December 18th of the previous year.
ILMN Trading at -13.12% from the 50-Day Moving Average
After a stumble in the market that brought ILMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.32% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 4.45%, as shares sank -9.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.39% lower at present.
During the last 5 trading sessions, ILMN fell by -11.89%, which changed the moving average for the period of 200-days by -36.55% in comparison to the 20-day moving average, which settled at $130.96. In addition, Illumina Inc saw -15.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ILMN starting from Thaysen Jacob, who purchase 7,330 shares at the price of $135.29 back on Feb 22 ’24. After this action, Thaysen Jacob now owns 14,861 shares of Illumina Inc, valued at $991,672 using the latest closing price.
Hoyt Aimee L, the SVP, Chief People Officer of Illumina Inc, sale 315 shares at $112.84 during a trade that took place back on Nov 07 ’23, which means that Hoyt Aimee L is holding 8,314 shares at $35,545 based on the most recent closing price.
Stock Fundamentals for ILMN
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.61 for the gross margin
The net margin for Illumina Inc stands at -0.26. The total capital return value is set at -0.11. Equity return is now at value -18.81, with -10.38 for asset returns.
Based on Illumina Inc (ILMN), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 160.5.
Currently, EBITDA for the company is 362.0 million with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 4.42. The receivables turnover for the company is 5.99for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Illumina Inc (ILMN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
