Will Current Price Volatility Hamper Personalis Inc (PSNL) Future Potential?

Personalis Inc (NASDAQ:PSNL) has a beta value of 1.87 and has seen 0.91 million shares traded in the recent trading session. The company, currently valued at $214.93M, closed the recent trade at $4.05 per share which meant it gained $0.79 on the day or 24.23% during that session. The PSNL stock price is -11.6% off its 52-week high price of $4.52 and 78.02% above the 52-week low of $0.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.91 million shares traded. The 3-month trading volume is 903.46K shares.

The consensus among analysts is that Personalis Inc (PSNL) is Hold stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 13 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.36.

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Personalis Inc (NASDAQ:PSNL) trade information

Sporting 24.23% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PSNL stock price touched $4.05 or saw a fall of -4.38%. Year-to-date, Personalis Inc shares have moved 92.86%, while the 5-day performance has seen it change 28.57%. Over the past 30 days, the shares of Personalis Inc (NASDAQ:PSNL) have changed 143.98%. Short interest in the company has seen 1.51 million shares shorted with days to cover at 3.6.

Wall Street analysts have a consensus price target for the stock at $5.5, which means that the shares’ value could jump 26.36% from the levels at last check today. The projected low price target is $4.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -220.99% off the targeted high while a plunge would see the stock lose 1.23% from the levels at last check today.

Personalis Inc (PSNL) estimates and forecasts

Figures show that Personalis Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 237.50% over the past 6 months, with this year growth rate of 45.62%, compared to 14.60% for the industry. Revenue growth from the last financial year stood is estimated to be 8.10%.

5 analysts offering their estimates for the company have set an average revenue estimate of 21.32M for the current quarter. 5 have an estimated revenue figure of 16.47M for the next ending quarter. Year-ago sales stood 18.25M and 19.68M respectively for this quarter and the next, and analysts expect sales will grow by 16.80% for the current quarter and 8.10% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -28.46% over the past 5 years. Earnings growth for 2024 is a modest 44.37% while over the next 5 years, the company’s earnings are expected to decrease by -13.70%.

PSNL Dividends

Personalis Inc is expected to release its next earnings report 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Personalis Inc (NASDAQ:PSNL)’s Major holders

Insiders own 18.43% of the company shares, while shares held by institutions stand at 63.65% with a share float percentage of 78.04%. Investors are also buoyed by the number of investors in a company, with Personalis Inc having a total of 98.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 6.07 million shares worth more than $9.04 million. As of 2024-03-31, ARK INVESTMENT MANAGEMENT LLC held 12.5904% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 3.28 million shares as of 2024-03-31. The firm’s total holdings are worth over $4.89 million and represent 6.81% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund. As of Jul 31, 2024, the former fund manager holds about 12.04% shares in the company for having 6.39 shares of worth $25.57 million while later fund manager owns 1.21 shares of worth $4.86 million as of Mar 31, 2024, which makes it owner of about 2.29% of company’s outstanding stock.