During the last session, 10x Genomics Inc (NASDAQ:TXG)’s traded shares were 3.11 million, with the beta value of the company hitting 1.84. At the end of the trading day, the stock’s price was $16.49, reflecting an intraday gain of 4.43% or $0.7. The 52-week high for the TXG share is $57.90, that puts it down -251.12 from that peak though still a striking 14.98% gain since the share price plummeted to a 52-week low of $14.02. The company’s market capitalization is $1.99B, and the average intraday trading volume over the past 10 days was 1.81 million shares, and the average trade volume was 1.77 million shares over the past three months.
10x Genomics Inc (TXG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.20. TXG has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.23.
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10x Genomics Inc (NASDAQ:TXG) trade information
10x Genomics Inc (TXG) registered a 4.43% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.43% in intraday trading to $16.49, hitting a weekly high. The stock’s 5-day price performance is 9.21%, and it has moved by -22.62% in 30 days. Based on these gigs, the overall price performance for the year is -53.87%. The short interest in 10x Genomics Inc (NASDAQ:TXG) is 7.65 million shares and it means that shorts have 3.53 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 34.04% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $46 respectively. As a result, TXG is trading at a discount of -178.96% off the target high and -45.54% off the low.
10x Genomics Inc (TXG) estimates and forecasts
Statistics show that 10x Genomics Inc has underperformed its competitors in share price, compared to the industry in which it operates. 10x Genomics Inc (TXG) shares have gone down -38.74% during the last six months, with a year-to-date growth rate less than the industry average at 18.67% against 24.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 43.90% this quarter and then jump 28.00% in the quarter after that. In the rating firms’ projections, revenue will increase 2.90% 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 183.11M as predicted by 15 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 153.89M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 183.98M and 142.24M respectively. In this case, analysts expect current quarter sales to shrink by -0.50% and then jump by 8.20% 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 -13.04%. While earnings are projected to return 35.13% in 2024.
TXG Dividends
10x Genomics Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
10x Genomics Inc (NASDAQ:TXG)’s Major holders
10x Genomics Inc insiders own 2.18% of total outstanding shares while institutional holders control 97.21%, with the float percentage being 99.38%. FMR LLC is the largest shareholder of the company, while 363.0 institutions own stock in it. As of 2024-06-30, the company held over 13.01 million shares (or 10.8971% of all shares), a total value of $253.05 million in shares.
The next largest institutional holding, with 10.19 million shares, is of VANGUARD GROUP INC’s that is approximately 8.5341% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $198.18 million.
