In the last trading session, 2.36 million shares of the Standard BioTools Inc (NASDAQ:LAB) were traded, and its beta was 1.62. Most recently the company’s share price was $1.50, and it changed around -$0.08 or -5.06% from the last close, which brings the market valuation of the company to $518.97M. LAB currently trades at a discount to its 52-week high of $3.04, offering almost -102.67% off that amount. The share price’s 52-week low was $1.21, which indicates that the current value has risen by an impressive 19.33% since then. We note from Standard BioTools Inc’s average daily trading volume that its 10-day average is 2.46 million shares, with the 3-month average coming to 1.86 million.
Standard BioTools Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended LAB as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
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Standard BioTools Inc (NASDAQ:LAB) trade information
Instantly LAB has showed a red trend with a performance of -5.06% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.2200 on recent trading dayincreased the stock’s daily price by 32.43%. The company’s shares are currently down -32.13% year-to-date, but still down -32.74% over the last five days. On the other hand, Standard BioTools Inc (NASDAQ:LAB) is -21.05% down in the 30-day period. We can see from the shorts that 19.54 million shares have been sold at a short interest cover period of 12.07 day(s).
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 53.85% from its current value. Analyst projections state that LAB is forecast to be at a low of $3.25 and a high of $3.25.
Standard BioTools Inc (LAB) estimates and forecasts
Standard BioTools Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.86 percent over the past six months and at a 53.66% annual growth rate that is well above the industry average of 22.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.72%. Standard BioTools Inc earnings are expected to increase by 62.06% in 2024, but the outlook is negative -8.06% per year for the next five years.
LAB Dividends
Standard BioTools Inc’s next quarterly earnings report is expected to be released in December.
Standard BioTools Inc (NASDAQ:LAB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.94% of Standard BioTools Inc shares, and 73.32% of them are in the hands of institutional investors. The stock currently has a share float of 74.78%. Standard BioTools Inc stock is held by 188.0 institutions, with CASDIN CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 17.1782% of the shares, which is about 63.96 million shares worth $113.21 million.
VIKING GLOBAL INVESTORS LP, with 15.7524% or 58.65 million shares worth $103.81 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
