The stock of Qiagen NV (QGEN) has seen a -1.60% decrease in the past week, with a -4.20% drop in the past month, and a 4.69% flourish in the past quarter. The volatility ratio for the week is 1.70%, and the volatility levels for the past 30 days are at 1.44% for QGEN. The simple moving average for the last 20 days is -1.30% for QGEN stock, with a simple moving average of 0.24% for the last 200 days.
Is It Worth Investing in Qiagen NV (NYSE: QGEN) Right Now?
Qiagen NV (NYSE: QGEN) has a higher price-to-earnings ratio of 139.39x compared to its average ratio, The 36-month beta value for QGEN is at 0.40. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for QGEN is 221.24M, and currently, shorts hold a 1.81% of that float. The average trading volume for QGEN on October 16, 2024 was 1.27M shares.
QGEN) stock’s latest price update
Qiagen NV (NYSE: QGEN)’s stock price has decreased by -0.32 compared to its previous closing price of 43.88. However, the company has seen a -1.60% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-11 that QGEN distributes over 125 million QuantiFERON-TB tests across more than 130 countries worldwide, significantly contributing to national TB control strategies.
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 -3.20% 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 -7.80% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -4.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.12% lower at present.
During the last 5 trading sessions, QGEN fell by -1.53%, which changed the moving average for the period of 200-days by +0.78% in comparison to the 20-day moving average, which settled at $44.32. In addition, Qiagen NV saw 0.73% 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 QGEN starting from Sackers Roland, who proposed sale 25,000 shares at the price of $46.00 back on Sep 11 ’24. After this action, Sackers Roland now owns shares of Qiagen NV, valued at $1,150,000 using the latest closing price.
Stock Fundamentals for QGEN
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.64 for the gross margin
The net margin for Qiagen NV stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 2.07, with 1.22 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 0.41. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 9.7.
Currently, EBITDA for the company is 650.58 million with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 5.43. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
In conclusion, Qiagen NV (QGEN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
