The price-to-earnings ratio for Qiagen NV (NYSE: QGEN) is above average at 29.74x, Company’s 36-month beta value is 0.40.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for QGEN is 219.89M, and currently, short sellers hold a 1.34% ratio of that floaft. The average trading volume of QGEN on August 01, 2024 was 1.08M shares.
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QGEN) stock’s latest price update
The stock price of Qiagen NV (NYSE: QGEN) has jumped by 0.38 compared to previous close of 44.49. Despite this, the company has seen a gain of 5.73% in its stock price over the last five trading days. zacks.com reported 2024-08-01 that QIAGEN’s (QGEN) earnings and revenues beat estimates in the second quarter. The company remains bullish on solid growth trends in the core business.
QGEN’s Market Performance
Qiagen NV (QGEN) has experienced a 5.73% rise in stock performance for the past week, with a 9.73% rise in the past month, and a 4.32% rise in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 1.85% for QGEN. The simple moving average for the past 20 days is 6.09% for QGEN’s stock, with a 5.68% simple moving average for the past 200 days.
Analysts’ Opinion of QGEN
Many brokerage firms have already submitted their reports for QGEN stocks, with Wolfe Research repeating the rating for QGEN by listing it as a “Outperform.” The predicted price for QGEN in the upcoming period, according to Wolfe Research is $50 based on the research report published on June 27, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see QGEN reach a price target of $44. The rating they have provided for QGEN stocks is “Equal Weight” according to the report published on December 19th, 2023.
QGEN Trading at 4.67% from the 50-Day Moving Average
After a stumble in the market that brought QGEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.37% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +10.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.80% lower at present.
During the last 5 trading sessions, QGEN rose by +5.71%, which changed the moving average for the period of 200-days by +16.09% in comparison to the 20-day moving average, which settled at $42.30. In addition, Qiagen NV saw 2.85% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for QGEN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.64 for the gross margin
The net margin for Qiagen NV stands at 0.17. The total capital return value is set at 0.09. Equity return is now at value 9.41, with 5.58 for asset returns.
Based on Qiagen NV (QGEN), the company’s capital structure generated 0.29 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 0.42. The interest coverage ratio of the stock is 8.84.
Currently, EBITDA for the company is 650.58 million with net debt to EBITDA at 1.44. When we switch over and look at the enterprise to sales, we see a ratio of 5.61. The receivables turnover for the company is 5.64for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In a nutshell, Qiagen NV (QGEN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
