10x Genomics Inc (NASDAQ:TXG) has a beta value of 1.86 and has seen 1.26 million shares traded in the last trading session. The company, currently valued at $2.07B, closed the last trade at $16.78 per share which meant it gained $0.45 on the day or 2.76% during that session. The TXG stock price is -245.05% off its 52-week high price of $57.90 and 16.45% above the 52-week low of $14.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.83 million shares traded. The 3-month trading volume is 1.82 million shares.
The consensus among analysts is that 10x Genomics Inc (TXG) is Hold stock at the moment, with a recommendation rating of 2.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.29.
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10x Genomics Inc (NASDAQ:TXG) trade information
Sporting 2.76% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TXG stock price touched $16.78 or saw a rise of 1.81%. Year-to-date, 10x Genomics Inc shares have moved -70.01%, while the 5-day performance has seen it change 5.80%. Over the past 30 days, the shares of 10x Genomics Inc (NASDAQ:TXG) have changed -16.18%. Short interest in the company has seen 7.65 million shares shorted with days to cover at 3.53.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 32.88% from current levels. The projected low price target is $24.0 while the price target rests at a high of $46.0. In that case, then, we find that the current price level is -174.14% off the targeted high while a plunge would see the stock gain -43.03% from current levels.
10x Genomics Inc (TXG) estimates and forecasts
Figures show that 10x Genomics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -38.42% over the past 6 months, with this year growth rate of 15.66%, compared to 26.00% for the industry. Revenue growth from the last financial year stood is estimated to be -2.70%.
15 analysts offering their estimates for the company have set an average revenue estimate of 153.32M for the current quarter. 12 have an estimated revenue figure of 143.01M for the next ending quarter. Year-ago sales stood 183.98M and 142.24M respectively for this quarter and the next, and analysts expect sales will shrink by -16.70% for the current quarter and -2.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.04% over the past 5 years.
TXG Dividends
10x Genomics Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
10x Genomics Inc (NASDAQ:TXG)’s Major holders
Insiders own 2.17% of the company shares, while shares held by institutions stand at 96.08% with a share float percentage of 98.21%. Investors are also buoyed by the number of investors in a company, with 10x Genomics Inc having a total of 363.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 13.01 million shares worth more than $253.05 million. As of 2024-06-30, FMR LLC held 10.8971% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $198.18 million and represent 8.5341% of shares outstanding.
