GeneDx Holdings Corp (NASDAQ:WGS) Is 98.51% Above Its 52-Week Low, But How Long Will It Remain So?

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In last trading session, GeneDx Holdings Corp (NASDAQ:WGS) saw 0.67 million shares changing hands with its beta currently measuring 2.11. Company’s recent per share price level of $77.80 trading at $2.62 or 3.48% at ring of the bell on the day assigns it a market valuation of $2.14B. That closing price of WGS’s stock is at a discount of -14.54% from its 52-week high price of $89.11 and is indicating a premium of 98.51% from its 52-week low price of $1.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 533.63K if we extend that period to 3-months.

For GeneDx Holdings Corp (WGS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 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 0.11 in the current quarter.

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GeneDx Holdings Corp (NASDAQ:WGS) trade information

Upright in the green during last session for gaining 3.48%, in the last five days WGS remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $77.80 price level, adding 2.91% to its value on the day. GeneDx Holdings Corp’s shares saw a change of 2729.09% in year-to-date performance and have moved 0.08% in past 5-day. GeneDx Holdings Corp (NASDAQ:WGS) showed a performance of 41.45% in past 30-days. Number of shares sold short was 2.4 million shares which calculate 4.31 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 39.5 to the stock, which implies a fall of -96.96% to its current value. Analysts have been projecting 21 as a low price target for the stock while placing it at a high target of 70. It follows that stock’s current price would jump 73.01% in reaching the projected high whereas dropping to the targeted low would mean a gain of 73.01% for stock’s current value.

GeneDx Holdings Corp (WGS) estimates and forecasts

Statistics highlight that GeneDx Holdings Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 274.94% of value to its shares in past 6 months, showing an annual growth rate of 95.38% while that of industry is 7.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 42.30% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 80.21M for the same. And 6 analysts are in estimates of company making revenue of 77.8M in the next quarter. Company posted 57.42M and 61.1M of sales in current and next quarters respectively a year earlier.

GeneDx Holdings Corp (NASDAQ:WGS)’s Major holders

Insiders are in possession of 21.82% of company’s total shares while institution are holding 62.56 percent of that, with stock having share float percentage of 80.03%. Investors also watch the number of corporate investors in a company very closely, which is 62.56% institutions for GeneDx Holdings Corp that are currently holding shares of the company.