Twist Bioscience Corp (NASDAQ:TWST) Reduces -0.11% In A Week: What’s Lifting The Stock?

In last trading session, Twist Bioscience Corp (NASDAQ:TWST) saw 0.41 million shares changing hands with its beta currently measuring 1.77. Company’s recent per share price level of $46.39 trading at -$0.69 or -1.47% at ring of the bell on the day assigns it a market valuation of $2.72B. That closing price of TWST’s stock is at a discount of -31.28% from its 52-week high price of $60.90 and is indicating a premium of 68.92% from its 52-week low price of $14.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.71 million shares which gives us an average trading volume of 935.99K if we extend that period to 3-months.

For Twist Bioscience Corp (TWST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.71 in the current quarter.

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Twist Bioscience Corp (NASDAQ:TWST) trade information

Upright in the red during last session for losing -1.47%, in the last five days TWST remained trading in the red while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $46.39 price level, adding 3.78% to its value on the day. Twist Bioscience Corp’s shares saw a change of 25.85% in year-to-date performance and have moved -0.11% in past 5-day. Twist Bioscience Corp (NASDAQ:TWST) showed a performance of 5.03% in past 30-days. Number of shares sold short was 8.94 million shares which calculate 11.54 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a fall of -3.09% to its current value. Analysts have been projecting 32 as a low price target for the stock while placing it at a high target of 53. It follows that stock’s current price would jump 31.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 31.02% for stock’s current value.

Twist Bioscience Corp (TWST) estimates and forecasts

Statistics highlight that Twist Bioscience Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 35.21% of value to its shares in past 6 months, showing an annual growth rate of -3.31% while that of industry is 17.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 26.90% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 82.2M for the same. And 8 analysts are in estimates of company making revenue of 85.27M in the next quarter. Company posted 66.95M and 67.58M of sales in current and next quarters respectively a year earlier.

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 -6.09% during past 5 years.

Twist Bioscience Corp (NASDAQ:TWST)’s Major holders

Insiders are in possession of 1.72% of company’s total shares while institution are holding 109.62 percent of that, with stock having share float percentage of 111.54%. Investors also watch the number of corporate investors in a company very closely, which is 109.62% institutions for Twist Bioscience Corp that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at TWST for having 6.13 million shares of worth $302.06 million. And as of 2024-06-30, it was holding 10.5415 of the company’s outstanding shares.

The second largest institutional holder is ARTISAN PARTNERS LIMITED PARTNERSHIP, which was holding about 6.07 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.4371 of outstanding shares, having a total worth of $299.06 million.