The stock of Illumina Inc (ILMN) has gone down by -2.59% for the week, with a 10.25% rise in the past month and a 23.61% rise in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are 4.17% for ILMN. The simple moving average for the last 20 days is -0.39% for ILMN’s stock, with a simple moving average of 5.87% for the last 200 days.
Is It Worth Investing in Illumina Inc (NASDAQ: ILMN) Right Now?
ILMN has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 6 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for ILMN is 158.49M, and currently, short sellers hold a 2.66% ratio of that float. The average trading volume of ILMN on September 05, 2024 was 2.63M shares.
ILMN) stock’s latest price update
The stock price of Illumina Inc (NASDAQ: ILMN) has dropped by -0.23 compared to previous close of 128.59. Despite this, the company has seen a fall of -2.59% in its stock price over the last five trading days. prnewswire.com reported 2024-09-03 that SAN DIEGO, Sept. 3, 2024 /PRNewswire/ — Illumina, Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, welcomes the European Court of Justice’s (ECJ’s) judgment today ruling that the European Commission did not have jurisdiction over Illumina’s acquisition of GRAIL.
Analysts’ Opinion of ILMN
Daiwa Securities, on the other hand, stated in their research note that they expect to see ILMN reach a price target of $154, previously predicting the price at $120. The rating they have provided for ILMN stocks is “Buy” according to the report published on August 16th, 2024.
TD Cowen gave a rating of “Buy” to ILMN, setting the target price at $144 in the report published on August 14th of the current year.
ILMN Trading at 6.79% 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 -21.33% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +6.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.58% upper at present.
During the last 5 trading sessions, ILMN fell by -1.94%, which changed the moving average for the period of 200-days by +35.66% in comparison to the 20-day moving average, which settled at $129.19. In addition, Illumina Inc saw -5.19% 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 CHARLES E. DADSWELL TRUST U/A/, who proposed sale 3,956 shares at the price of $122.28 back on Aug 15 ’24. After this action, CHARLES E. DADSWELL TRUST U/A/ now owns shares of Illumina Inc, valued at $483,740 using the latest closing price.
Thaysen Jacob, the Chief Executive Officer of Illumina Inc, purchase 7,330 shares at $135.29 during a trade that took place back on Feb 22 ’24, which means that Thaysen Jacob is holding 14,861 shares at $991,672 based on the most recent closing price.
Stock Fundamentals for ILMN
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.62 for the gross margin
The net margin for Illumina Inc stands at -0.69. The total capital return value is set at -0.1. Equity return is now at value -76.19, with -34.10 for asset returns.
Based on Illumina Inc (ILMN), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is -10.43.
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 5.09. The receivables turnover for the company is 6.74for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
To put it simply, Illumina Inc (ILMN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
