Personalis Inc (NASDAQ: PSNL) Fell -21.01% From Highs, What Does The Future Hold?

Personalis Inc (NASDAQ:PSNL)’s traded shares stood at 1.86 million during the last session, with the company’s beta value hitting 1.90. At the close of trading, the stock’s price was $5.95, to imply an increase of 3.12% or $0.18 in intraday trading. The PSNL share’s 52-week high remains $7.20, putting it -21.01% down since that peak but still an impressive 85.04% since price per share fell to its 52-week low of $0.89. The company has a valuation of $316.54M, with an average of 0.95 million shares in intraday trading volume over the past 10 days and average of 1.38 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Personalis Inc (PSNL), translating to a mean rating of 1.33. Of 13 analyst(s) looking at the stock, 0 analyst(s) give PSNL a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 6 recommend it as a Buy.

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Personalis Inc (NASDAQ:PSNL) trade information

After registering a 3.12% upside in the last session, Personalis Inc (PSNL) has traded red over the past five days. The 5-day price performance for the stock is 10.39%, and 38.05% over 30 days. With these gigs, the year-to-date price performance is 183.33%. Short interest in Personalis Inc (NASDAQ:PSNL) saw shorts transact 1.98 million shares and set a 0.89 days time to cover.

The extremes give us $4 and $13 for target low and target high price respectively. As such, PSNL has been trading -118.49% off suggested target high and 32.77% from its likely low.

Personalis Inc (PSNL) estimates and forecasts

Looking at statistics comparing Personalis Inc share performance against respective industry, we note that the company has outperformed competitors. Personalis Inc (PSNL) shares are 243.93% up over the last 6 months, with its year-to-date growth rate higher than industry average at 47.00% against 21.60%.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -28.46% for the past 5-year period. While 2024 is set for a 45.48% return in earnings, projections for the next 5 years are at -13.70% annually.

PSNL Dividends

Personalis Inc has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Personalis Inc (NASDAQ:PSNL)’s Major holders

Personalis Inc insiders hold 24.10% of total outstanding shares, with institutional holders owning 60.72% of the shares at 80.00% float percentage. In total, 60.72% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 6.36 million shares (or 12.5534% of shares), all amounting to roughly $7.44 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 3.29 million shares, or about 6.4961% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.85 million.