Boom Or Bust: What Does The Future Hold For GeneDx Holdings Corp (NASDAQ: WGS) Stock?

GeneDx Holdings Corp (NASDAQ:WGS)’s traded shares stood at 0.65 million during the last session, with the company’s beta value hitting 2.35. At the close of trading, the stock’s price was $49.82, to imply an increase of 5.73% or $2.7 in intraday trading. The WGS share’s 52-week high remains $47.23, putting it 5.2% up since that peak but still an impressive 97.67% since price per share fell to its 52-week low of $1.16. The company has a valuation of $1.34B, with an average of 0.56 million shares in intraday trading volume over the past 10 days and average of 437.13K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for GeneDx Holdings Corp (WGS), translating to a mean rating of 2.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give WGS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy.

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GeneDx Holdings Corp (NASDAQ:WGS) trade information

After registering a 5.73% upside in the last session, GeneDx Holdings Corp (WGS) has traded red over the past five days. The 5-day price performance for the stock is 16.43%, and 52.73% over 30 days. With these gigs, the year-to-date price performance is 1711.64%. Short interest in GeneDx Holdings Corp (NASDAQ:WGS) saw shorts transact 2.22 million shares and set a 6.18 days time to cover.

The extremes give us $21 and $45 for target low and target high price respectively. As such, WGS has been trading 9.67% off suggested target high and 57.85% from its likely low.

GeneDx Holdings Corp (WGS) estimates and forecasts

Looking at statistics comparing GeneDx Holdings Corp share performance against respective industry, we note that the company has outperformed competitors. GeneDx Holdings Corp (WGS) shares are 398.70% up over the last 6 months, with its year-to-date growth rate higher than industry average at 85.55% against 7.30%.

WGS Dividends

GeneDx Holdings Corp has its next earnings report out on 2024-Oct-29. 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.

GeneDx Holdings Corp (NASDAQ:WGS)’s Major holders

GeneDx Holdings Corp insiders hold 25.42% of total outstanding shares, with institutional holders owning 62.19% of the shares at 83.38% float percentage. In total, 62.19% institutions holds shares in the company.