Exact Sciences Corp (NASDAQ: EXAS)’s stock price has gone decline by -0.29 in comparison to its previous close of 51.48, however, the company has experienced a -27.84% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-10 that This article updates the investment merits of Exact Sciences following its disappointing Q3, 2024 earnings. Recent approval of an improved version of its lead product will not show up in revenues for a year or more. Despite its long history of losses, the company has comfortable liquidity cushions and will not need to raise cash to continue its normal operations.
Is It Worth Investing in Exact Sciences Corp (NASDAQ: EXAS) Right Now?
Additionally, the 36-month beta value for EXAS is 1.21. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for EXAS is 182.28M and currently, short sellers hold a 8.52% ratio of that float. The average trading volume of EXAS on November 12, 2024 was 2.37M shares.
EXAS’s Market Performance
EXAS stock saw a decrease of -27.84% in the past week, with a monthly decline of -27.66% and a quarterly a decrease of -12.73%. The volatility ratio for the week is 6.59%, and the volatility levels for the last 30 days are 3.94% for Exact Sciences Corp (EXAS). The simple moving average for the past 20 days is -22.99% for EXAS’s stock, with a -12.54% simple moving average for the past 200 days.
Analysts’ Opinion of EXAS
Many brokerage firms have already submitted their reports for EXAS stocks, with Wells Fargo repeating the rating for EXAS by listing it as a “Overweight.” The predicted price for EXAS in the upcoming period, according to Wells Fargo is $75 based on the research report published on August 28, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see EXAS reach a price target of $70. The rating they have provided for EXAS stocks is “Sector Outperform” according to the report published on June 27th, 2024.
Jefferies gave a rating of “Buy” to EXAS, setting the target price at $75 in the report published on June 03rd of the current year.
EXAS Trading at -22.87% from the 50-Day Moving Average
After a stumble in the market that brought EXAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.53% of loss for the given period.
Volatility was left at 3.94%, however, over the last 30 days, the volatility rate increased by 6.59%, as shares sank -27.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.79% lower at present.
During the last 5 trading sessions, EXAS fell by -27.84%, which changed the moving average for the period of 200-days by -20.15% in comparison to the 20-day moving average, which settled at $66.65. In addition, Exact Sciences Corp saw -30.62% 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 EXAS starting from Baranick Brian, who sale 929 shares at the price of $70.00 back on Oct 08 ’24. After this action, Baranick Brian now owns 12,758 shares of Exact Sciences Corp, valued at $65,030 using the latest closing price.
Baranick Brian, the Officer of Exact Sciences Corp, proposed sale 929 shares at $70.00 during a trade that took place back on Oct 08 ’24, which means that Baranick Brian is holding shares at $65,030 based on the most recent closing price.
Stock Fundamentals for EXAS
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.72 for the gross margin
The net margin for Exact Sciences Corp stands at -0.08. The total capital return value is set at -0.03. Equity return is now at value -6.76, with -3.25 for asset returns.
Based on Exact Sciences Corp (EXAS), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is -38.8.
Currently, EBITDA for the company is -13.13 million with net debt to EBITDA at -74.53. When we switch over and look at the enterprise to sales, we see a ratio of 4.33. The receivables turnover for the company is 10.17for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In conclusion, Exact Sciences Corp (EXAS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
