In the last trading session, 1.11 million shares of the GeneDx Holdings Corp (NASDAQ:WGS) were traded, and its beta was 2.32. Most recently the company’s share price was $54.33, and it changed around $1.57 or 2.98% from the last close, which brings the market valuation of the company to $1.46B. WGS currently trades at a discount to its 52-week high of $52.90, offering almost 2.63% off that amount. The share price’s 52-week low was $1.16, which indicates that the current value has risen by an impressive 97.86% since then. We note from GeneDx Holdings Corp’s average daily trading volume that its 10-day average is 0.64 million shares, with the 3-month average coming to 447.89K.
GeneDx Holdings Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended WGS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. GeneDx Holdings Corp is expected to report earnings per share of -0.21 for the current quarter.
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GeneDx Holdings Corp (NASDAQ:WGS) trade information
Instantly WGS has showed a green trend with a performance of 2.98% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 57.53 on recent trading dayincreased the stock’s daily price by 5.56%. The company’s shares are currently up 1875.64% year-to-date, but still up 26.23% over the last five days. On the other hand, GeneDx Holdings Corp (NASDAQ:WGS) is 61.07% up in the 30-day period. We can see from the shorts that 2.22 million shares have been sold at a short interest cover period of 6.18 day(s).
The consensus price target as assigned by Wall Street analysts is $38.5, which translates to bulls needing to decrease their stock price by -41.12% from its current value. Analyst projections state that WGS is forecast to be at a low of $21 and a high of $45.
GeneDx Holdings Corp (WGS) estimates and forecasts
GeneDx Holdings Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 401.20 percent over the past six months and at a 85.55% annual growth rate that is well above the industry average of 7.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 74.40% in revenue this quarter, and will report an increase of 76.80% in the next quarter. The year-over-year growth rate is expected to be 30.00%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 64.99M in revenue for the current quarter. 6 analysts expect GeneDx Holdings Corp to make 67.13M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 53.3M and 57.42M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.90%. Forecasts for the next quarter put sales growth at 16.90%.
WGS Dividends
GeneDx Holdings Corp’s next quarterly earnings report is expected to be released in November.
GeneDx Holdings Corp (NASDAQ:WGS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.42% of GeneDx Holdings Corp shares, and 62.20% of them are in the hands of institutional investors. The stock currently has a share float of 83.40%.
