In the last trading session, 1.87 million 10x Genomics Inc (NASDAQ:TXG) shares changed hands as the company’s beta touched 1.83. With the company’s per share price at $15.44 changed hands at -$0.27 or -1.72% during last session, the market valuation stood at $1.87B. TXG’s last price was a discount, traded about -231.74% off its 52-week high of $51.22. The share price had its 52-week low at $12.95, which suggests the last value was 16.13% up since then. When we look at 10x Genomics Inc’s average trading volume, we note the 10-day average is 1.64 million shares, with the 3-month average coming to 1.91 million.
Analysts gave the 10x Genomics Inc (TXG) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended TXG as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. 10x Genomics Inc’s EPS for the current quarter is expected to be -0.13.
10x Genomics Inc (NASDAQ:TXG) trade information
Instantly TXG was in red as seen at the end of in last trading. With action -3.02%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.52%, with the 5-day performance at -3.02% in the red. However, in the 30-day time frame, 10x Genomics Inc (NASDAQ:TXG) is -3.98% down. Looking at the short shares, we see there were 6.6 million shares sold at short interest cover period of 4.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39, meaning bulls need an upside of 60.41% from its current market value. According to analyst projections, TXG’s forecast low is 32 with 46 as the target high. To hit the forecast high, the stock’s price needs a -197.93% plunge from its current level, while the stock would need to soar -107.25% for it to hit the projected low.
10x Genomics Inc (TXG) estimates and forecasts
Data shows that the 10x Genomics Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -10.85% over the past 6 months, a 13.86% in annual growth rate that is considerably lower than the industry average of 24.90%. Year-over-year growth is forecast to reach -1.28% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 165M. 12 analysts are of the opinion that 10x Genomics Inc’s revenue for the current quarter will be 141.56M. The company’s revenue for the corresponding quarters a year ago was 183.98M and 141.01M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -10.32%. The estimates for the next quarter sales put growth at 0.39%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.04%. The 2025 estimates are for 10x Genomics Inc earnings to increase by 34.78%.
TXG Dividends
10x Genomics Inc is expected to release its next quarterly earnings report in February.
10x Genomics Inc (NASDAQ:TXG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.16% of 10x Genomics Inc shares while 96.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.18%. There are 96.06% institutions holding the 10x Genomics Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 10.8971% of the shares, roughly 13.01 million TXG shares worth $253.05 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.5341% or 10.19 million shares worth $198.18 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund . With 8.3 shares estimated at $128.21 million under it, the former controlled 7.76% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.04% of the shares, roughly 3.25 shares worth around $50.14 million.
