Given A -52.22% Drop From High, Can Personalis Inc (NASDAQ: PSNL) Quickly Recover?

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During the last session, Personalis Inc (NASDAQ:PSNL)’s traded shares were 0.72 million, with the beta value of the company hitting 1.94. At the end of the trading day, the stock’s price was $4.73, reflecting an intraday loss of -4.25% or -$0.21. The 52-week high for the PSNL share is $7.20, that puts it down -52.22 from that peak though still a striking 81.18% gain since the share price plummeted to a 52-week low of $0.89. The company’s market capitalization is $251.02M, and the average intraday trading volume over the past 10 days was 0.49 million shares, and the average trade volume was 1.49 million shares over the past three months.

Personalis Inc (PSNL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.33. PSNL has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.35.

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Personalis Inc (NASDAQ:PSNL) trade information

Personalis Inc (PSNL) registered a -4.25% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.25% in intraday trading to $4.73, hitting a weekly high. The stock’s 5-day price performance is -8.86%, and it has moved by -17.45% in 30 days. Based on these gigs, the overall price performance for the year is 342.06%. The short interest in Personalis Inc (NASDAQ:PSNL) is 2.94 million shares and it means that shorts have 3.24 day(s) to cover.

The consensus price target of analysts on Wall Street is $7.5, which implies an increase of 36.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $13 respectively. As a result, PSNL is trading at a discount of -174.84% off the target high and 15.43% off the low.

Personalis Inc (PSNL) estimates and forecasts

Statistics show that Personalis Inc has outperformed its competitors in share price, compared to the industry in which it operates. Personalis Inc (PSNL) shares have gone up 270.98% during the last six months, with a year-to-date growth rate more than the industry average at 47.00% against 21.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 41.70% this quarter and then jump 31.50% in the quarter after that. In the rating firms’ projections, revenue will increase 8.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 21.32M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 16.47M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 18.25M and 19.68M respectively. In this case, analysts expect current quarter sales to grow by 16.80% and then drop by -16.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.46%. While earnings are projected to return 45.48% in 2024, the next five years will return -13.70% per annum.

PSNL Dividends

Personalis Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Personalis Inc (NASDAQ:PSNL)’s Major holders

Personalis Inc insiders own 24.10% of total outstanding shares while institutional holders control 60.06%, with the float percentage being 79.13%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 96.0 institutions own stock in it. As of 2024-06-30, the company held over 6.36 million shares (or 12.5534% of all shares), a total value of $7.44 million in shares.

The next largest institutional holding, with 3.29 million shares, is of BLACKROCK INC.’s that is approximately 6.4961% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.85 million.