Illumina Inc (NASDAQ: ILMN) has experienced a decline in its stock price by -3.13 compared to its previous closing price of 145.15. However, the company has seen a fall of -2.24% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-03 that Illumina, Inc. (NASDAQ:ILMN ) Annual Evercore ISI HealthCONx Healthcare Conference December 3, 2024 9:00 AM ET Company Participants Ankur Dhingra – CFO Sallilyn Schwartz – VP of Investor Relations Conference Call Participants Vijay Kumar – Evercore ISI Vijay Kumar Great. Thanks, everyone, for joining us this afternoon.
Is It Worth Investing in Illumina Inc (NASDAQ: ILMN) Right Now?
Additionally, the 36-month beta value for ILMN is 1.11. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ILMN is 157.38M and currently, short sellers hold a 4.16% ratio of that float. The average trading volume of ILMN on December 04, 2024 was 1.88M shares.
ILMN’s Market Performance
The stock of Illumina Inc (ILMN) has seen a -2.24% decrease in the past week, with a -6.12% drop in the past month, and a 9.34% gain in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 3.69% for ILMN. The simple moving average for the last 20 days is -2.06% for ILMN’s stock, with a simple moving average of 12.01% for the last 200 days.
Analysts’ Opinion of ILMN
Many brokerage firms have already submitted their reports for ILMN stocks, with Morgan Stanley repeating the rating for ILMN by listing it as a “Equal-Weight.” The predicted price for ILMN in the upcoming period, according to Morgan Stanley is $156 based on the research report published on November 12, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see ILMN reach a price target of $180. The rating they have provided for ILMN stocks is “Buy” according to the report published on October 17th, 2024.
ILMN Trading at -1.06% 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 -10.25% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -8.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.07% upper at present.
During the last 5 trading sessions, ILMN fell by -2.24%, which changed the moving average for the period of 200-days by -1.96% in comparison to the 20-day moving average, which settled at $143.56. In addition, Illumina Inc saw 3.90% 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 ILMN starting from CHARLES E. DADSWELL TRUST U/A/, who proposed sale 4,948 shares at the price of $145.54 back on Oct 14 ’24. After this action, CHARLES E. DADSWELL TRUST U/A/ now owns shares of Illumina Inc, valued at $720,132 using the latest closing price.
CHARLES E. DADSWELL TRUST U/A/, the Officer of Illumina Inc, proposed sale 3,956 shares at $122.28 during a trade that took place back on Aug 15 ’24, which means that CHARLES E. DADSWELL TRUST U/A/ is holding shares at $483,740 based on the most recent closing price.
Stock Fundamentals for ILMN
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.64 for the gross margin
The net margin for Illumina Inc stands at -0.36. The total capital return value is set at 0.22. Equity return is now at value -39.51, with -19.65 for asset returns.
Based on Illumina Inc (ILMN), the company’s capital structure generated 0.48 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 0.94. The interest coverage ratio of the stock is 12.05.
Currently, EBITDA for the company is -608.0 million with net debt to EBITDA at -1.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.49. The receivables turnover for the company is 6.28for 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 2.43.
Conclusion
In conclusion, Illumina Inc (ILMN) has seen mixed 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.
