Personalis Inc (NASDAQ:PSNL) Stock Boosted 62.38% So Far In 2024, What Analysts Expect Next?

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In recent trading session, Personalis Inc (NASDAQ:PSNL) saw 0.63 million shares changing hands at last check today with its beta currently measuring 1.65. Company’s recent per share price level of $3.41 trading at $0.55 or 19.23% at last check today assigns it a market valuation of $177.12M. That most recent trading price of PSNL’s stock is at a discount of -32.55% from its 52-week high price of $4.52 and is indicating a premium of 73.9% from its 52-week low price of $0.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.32 million shares which gives us an average trading volume of 782.25K if we extend that period to 3-months.

For Personalis Inc (PSNL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Personalis Inc (NASDAQ:PSNL) trade information

Upright in the green today for gaining 19.23%, in the last five days PSNL remained trading in the red while hitting it’s week-highest on Monday, 07/22/24 when the stock touched $3.41 price level, adding 3.12% to its value on the day. Personalis Inc’s shares saw a change of 62.38% in year-to-date performance and have moved -11.43% in past 5-day. Personalis Inc (NASDAQ:PSNL) showed a performance of 187.76% in past 30-days. Number of shares sold short was 1.51 million shares which calculate 3.6 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 14.75% to its recent value today. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -2.64% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.64% for stock’s current value.

Personalis Inc (PSNL) estimates and forecasts

Statistics highlight that Personalis Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 127.33% of value to its shares in past 6 months, showing an annual growth rate of 41.47% while that of industry is 12.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.46% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 37.18% while estimates for its earnings growth in next 5 years are of -13.70%.

Personalis Inc (NASDAQ:PSNL)’s Major holders

Insiders are in possession of 18.84% of company’s total shares while institution are holding 58.36 percent of that, with stock having share float percentage of 71.90%. Investors also watch the number of corporate investors in a company very closely, which is 58.36% institutions for Personalis Inc that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at PSNL for having 6.07 million shares of worth $9.04 million. And as of 2024-03-31, it was holding 12.5904 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 3.28 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.81 of outstanding shares, having a total worth of $4.89 million.