Personalis Inc (NASDAQ: PSNL): Performance Report And Growth Forecast

In the last trading session, 1.54 million Personalis Inc (NASDAQ:PSNL) shares changed hands as the company’s beta touched 1.94. With the company’s per share price at $5.23 changed hands at $0.31 or 6.30% during last session, the market valuation stood at $369.49M. PSNL’s last price was a discount, traded about -37.67% off its 52-week high of $7.20. The share price had its 52-week low at $1.00, which suggests the last value was 80.88% up since then. When we look at Personalis Inc’s average trading volume, we note the 10-day average is 1.0 million shares, with the 3-month average coming to 1.03 million.

Analysts gave the Personalis Inc (PSNL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended PSNL as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Personalis Inc’s EPS for the current quarter is expected to be -0.32.

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Personalis Inc (NASDAQ:PSNL) trade information

Instantly PSNL was in green as seen at the end of in last trading. With action -7.27%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 149.05%, with the 5-day performance at -7.27% in the red. However, in the 30-day time frame, Personalis Inc (NASDAQ:PSNL) is 14.44% up. Looking at the short shares, we see there were 3.12 million shares sold at short interest cover period of 4.44 days.

The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 30.27% from its current market value. According to analyst projections, PSNL’s forecast low is 4 with 13 as the target high. To hit the forecast high, the stock’s price needs a -148.57% plunge from its current level, while the stock would need to tank 23.52% for it to hit the projected low.

Personalis Inc (PSNL) estimates and forecasts

Data shows that the Personalis Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 244.08% over the past 6 months, a 38.71% in annual growth rate that is considerably higher than the industry average of 25.40%. Year-over-year growth is forecast to reach 12.60% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 15.53M. 3 analysts are of the opinion that Personalis Inc’s revenue for the current quarter will be 17.5M. The company’s revenue for the corresponding quarters a year ago was 19.68M and 19.52M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.10%. The estimates for the next quarter sales put growth at -10.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -28.46%. The 2024 estimates are for Personalis Inc earnings to increase by 36.59%, but the outlook for the next 5-year period is at -13.70% per year.

PSNL Dividends

Personalis Inc is expected to release its next quarterly earnings report in December.

Personalis Inc (NASDAQ:PSNL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 24.05% of Personalis Inc shares while 60.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.08%. There are 60.82% institutions holding the Personalis Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 12.5534% of the shares, roughly 6.36 million PSNL shares worth $7.44 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.4961% or 3.29 million shares worth $3.85 million as of 2024-06-30.