The stock of GeneDx Holdings Corp (NASDAQ: WGS) has increased by 0.92 when compared to last closing price of 40.65. Despite this, the company has experienced a 8.33% gain in its stock price over the last five trading sessions. investors.com reported 2024-09-19 that GeneDx is helping patients navigate through the “diagnostic odyssey” with DNA sequencing. The biotech stock is on its own odyssey.
Is It Worth Investing in GeneDx Holdings Corp (NASDAQ: WGS) Right Now?
Company’s 36-month beta value is 2.36.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for WGS is 18.82M, and currently, short sellers hold a 11.63% ratio of that floaft. The average trading volume of WGS on September 20, 2024 was 427.68K shares.
WGS’s Market Performance
The stock of GeneDx Holdings Corp (WGS) has seen a 8.33% increase in the past week, with a 18.91% rise in the past month, and a 49.40% gain in the past quarter. The volatility ratio for the week is 5.55%, and the volatility levels for the past 30 days are at 6.34% for WGS. The simple moving average for the last 20 days is 17.93% for WGS stock, with a simple moving average of 135.70% for the last 200 days.
Analysts’ Opinion of WGS
Many brokerage firms have already submitted their reports for WGS stocks, with Wells Fargo repeating the rating for WGS by listing it as a “Equal Weight.” The predicted price for WGS in the upcoming period, according to Wells Fargo is $34 based on the research report published on August 28, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see WGS reach a price target of $43. The rating they have provided for WGS stocks is “Buy” according to the report published on July 10th, 2024.
Jefferies gave a rating of “Hold” to WGS, setting the target price at $21 in the report published on June 03rd of the current year.
WGS Trading at 22.33% from the 50-Day Moving Average
After a stumble in the market that brought WGS to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.26% of gains for the given period.
Volatility was left at 6.34%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares surge +24.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.41% upper at present.
During the last 5 trading sessions, WGS rose by +11.51%, which changed the moving average for the period of 200-days by +2,327.01% in comparison to the 20-day moving average, which settled at $35.20. In addition, GeneDx Holdings Corp saw 1391.82% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WGS starting from Stueland Katherine, who sale 10,501 shares at the price of $37.59 back on Sep 16 ’24. After this action, Stueland Katherine now owns 103,706 shares of GeneDx Holdings Corp, valued at $394,733 using the latest closing price.
Feeley Kevin, the CHIEF FINANCIAL OFFICER of GeneDx Holdings Corp, sale 2,635 shares at $37.59 during a trade that took place back on Sep 16 ’24, which means that Feeley Kevin is holding 44,472 shares at $99,050 based on the most recent closing price.
Stock Fundamentals for WGS
Current profitability levels for the company are sitting at:
- -0.37 for the present operating margin
- 0.5 for the gross margin
The net margin for GeneDx Holdings Corp stands at -0.48. The total capital return value is set at -0.28. Equity return is now at value -47.93, with -27.15 for asset returns.
Based on GeneDx Holdings Corp (WGS), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -1.6. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -36.36.
Currently, EBITDA for the company is -127.83 million with net debt to EBITDA at -1.31. When we switch over and look at the enterprise to sales, we see a ratio of 4.73. The receivables turnover for the company is 9.3for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.38.
Conclusion
In a nutshell, GeneDx Holdings Corp (WGS) 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.
