Personalis Inc (PSNL) Investors To Reap Good Returns Once Again

Personalis Inc (NASDAQ:PSNL) has a beta value of 1.87 and has seen 4.73 million shares traded in the last trading session. The company, currently valued at $228.73M, closed the last trade at $4.31 per share which meant it gained $1.05 on the day or 32.21% during that session. The PSNL stock price is -4.87% off its 52-week high price of $4.52 and 79.35% 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.

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Personalis Inc (NASDAQ:PSNL) trade information

Sporting 32.21% in the green in last session, 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 $4.31 or saw a rise of 5.9%. Year-to-date, Personalis Inc shares have moved 105.24%, while the 5-day performance has seen it change 36.83%. Over the past 30 days, the shares of Personalis Inc (NASDAQ:PSNL) have changed 159.64%. 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 21.64% from current levels. 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 current price level is -201.62% off the targeted high while a plunge would see the stock lose 7.19% from current levels.

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 259.17% over the past 6 months, with this year growth rate of 45.62%, compared to 14.60% for the industry.

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 45.19% 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.