During the last session, GeneDx Holdings Corp (NASDAQ:WGS)’s traded shares were 0.55 million, with the beta value of the company hitting 2.11. At the end of the trading day, the stock’s price was $78.71, reflecting an intraday gain of 9.21% or $6.64. The 52-week high for the WGS share is $89.11, that puts it down -13.21 from that peak though still a striking 98.32% gain since the share price plummeted to a 52-week low of $1.32. The company’s market capitalization is $2.16B, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 574.56K shares over the past three months.
GeneDx Holdings Corp (WGS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. WGS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.11.
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GeneDx Holdings Corp (NASDAQ:WGS) trade information
GeneDx Holdings Corp (WGS) registered a 9.21% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.21% in intraday trading to $78.71, hitting a weekly high. The stock’s 5-day price performance is 15.02%, and it has moved by 33.20% in 30 days. Based on these gigs, the overall price performance for the year is 5482.27%. The short interest in GeneDx Holdings Corp (NASDAQ:WGS) is 2.6 million shares and it means that shorts have 3.56 day(s) to cover.
The consensus price target of analysts on Wall Street is $39.5, which implies a decrease of -99.27% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21 and $70 respectively. As a result, WGS is trading at a premium of 11.07% off the target high and 73.32% off the low.
GeneDx Holdings Corp (WGS) estimates and forecasts
Statistics show that GeneDx Holdings Corp has outperformed its competitors in share price, compared to the industry in which it operates. GeneDx Holdings Corp (WGS) shares have gone up 282.09% during the last six months, with a year-to-date growth rate more than the industry average at 95.38% against 4.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 116.95% this quarter and then jump 118.40% in the quarter after that. In the rating firms’ projections, revenue will increase 42.27% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 80.22M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 77.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 57.42M and 62.42M respectively. In this case, analysts expect current quarter sales to grow by 39.72% and then jump by 24.63% in the coming quarter.
While earnings are projected to return 93.74% in 2024.
WGS Dividends
GeneDx Holdings Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
GeneDx Holdings Corp (NASDAQ:WGS)’s Major holders
GeneDx Holdings Corp insiders own 18.21% of total outstanding shares while institutional holders control 70.24%, with the float percentage being 85.88%. CASDIN CAPITAL, LLC is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 3.53 million shares (or 13.2482% of all shares), a total value of $92.18 million in shares.
The next largest institutional holding, with 2.47 million shares, is of CORVEX MANAGEMENT LP’s that is approximately 9.2937% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $64.66 million.
Also, the Mutual Funds coming in first place with the largest holdings of GeneDx Holdings Corp (WGS) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 410.78 shares. This amounts to just over 1.50 percent of the company’s overall shares, with a $32.33 million market value. The same data shows that the other fund manager holds slightly less at 324.16, or about 1.18% of the stock, which is worth about $25.51 million.
