In last trading session, 10x Genomics Inc (NASDAQ:TXG) saw 1.84 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $16.17 trading at -$0.43 or -2.59% at ring of the bell on the day assigns it a market valuation of $1.96B. That closing price of TXG’s stock is at a discount of -258.07% from its 52-week high price of $57.90 and is indicating a premium of 13.3% from its 52-week low price of $14.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.96 million shares which gives us an average trading volume of 1.83 million if we extend that period to 3-months.
For 10x Genomics Inc (TXG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.29 in the current quarter.
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10x Genomics Inc (NASDAQ:TXG) trade information
Upright in the red during last session for losing -2.59%, in the last five days TXG remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $16.17 price level, adding 11.2% to its value on the day. 10x Genomics Inc’s shares saw a change of -71.10% in year-to-date performance and have moved 0.87% in past 5-day. 10x Genomics Inc (NASDAQ:TXG) showed a performance of -22.30% in past 30-days. Number of shares sold short was 7.65 million shares which calculate 3.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 25 to the stock, which implies a rise of 35.32% to its current value. Analysts have been projecting 24 as a low price target for the stock while placing it at a high target of 46. It follows that stock’s current price would drop -48.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -48.42% for stock’s current value.
10x Genomics Inc (TXG) estimates and forecasts
Statistics highlight that 10x Genomics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -38.73% of value to its shares in past 6 months, showing an annual growth rate of 15.66% while that of industry is 26.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.20% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 153.32M for the same. And 12 analysts are in estimates of company making revenue of 143.01M in the next quarter. Company posted 183.98M and 142.24M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -13.04% during past 5 years.
10x Genomics Inc (NASDAQ:TXG)’s Major holders
Insiders are in possession of 2.17% of company’s total shares while institution are holding 93.71 percent of that, with stock having share float percentage of 95.79%. Investors also watch the number of corporate investors in a company very closely, which is 93.71% institutions for 10x Genomics Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at TXG for having 13.01 million shares of worth $253.05 million. And as of 2024-06-30, it was holding 10.8971 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 10.19 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.5341 of outstanding shares, having a total worth of $198.18 million.
