The stock price of Illumina Inc (NASDAQ: ILMN) has dropped by -2.05 compared to previous close of 118.98. Despite this, the company has seen a fall of -5.29% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-03 that Illumina (ILMN) surpasses expectations in the first quarter in a challenging global macroeconomic environment.
Is It Worth Investing in Illumina Inc (NASDAQ: ILMN) Right Now?
Moreover, the 36-month beta value for ILMN is 1.24. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 6 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for ILMN is 158.10M and currently, short sellers hold a 3.34% of that float. On May 07, 2024, ILMN’s average trading volume was 1.65M shares.
ILMN’s Market Performance
The stock of Illumina Inc (ILMN) has seen a -5.29% decrease in the past week, with a -10.44% drop in the past month, and a -19.57% fall in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 3.73% for ILMN. The simple moving average for the past 20 days is -5.18% for ILMN’s stock, with a -14.76% simple moving average for the past 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 -10.12% 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 -45.52% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -13.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.32% lower at present.
During the last 5 trading sessions, ILMN fell by -5.74%, which changed the moving average for the period of 200-days by -39.11% in comparison to the 20-day moving average, which settled at $122.02. In addition, Illumina Inc saw -16.30% 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 -0.29. The total capital return value is set at -0.11. Equity return is now at value -20.76, with -11.81 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 0.35. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 25.21.
Currently, EBITDA for the company is 362.0 million with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 4.37. The receivables turnover for the company is 6.91for 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 1.75.
Conclusion
To wrap up, the performance of Illumina Inc (ILMN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
