Standard BioTools Inc (NASDAQ:LAB) has a beta value of 1.53 and has seen 1.18 million shares traded in the last trading session. The company, currently valued at $413.10M, closed the last trade at $1.09 per share which meant it gained $0.01 on the day or 0.93% during that session. The LAB stock price is -178.9% off its 52-week high price of $3.04 and 9.17% above the 52-week low of $0.99. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.26 million shares traded. The 3-month trading volume is 1.95 million shares.
The consensus among analysts is that Standard BioTools Inc (LAB) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
Standard BioTools Inc (NASDAQ:LAB) trade information
Sporting 0.93% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LAB stock price touched $1.09 or saw a rise of 9.92%. Year-to-date, Standard BioTools Inc shares have moved -37.71%, while the 5-day performance has seen it change -6.03%. Over the past 30 days, the shares of Standard BioTools Inc (NASDAQ:LAB) have changed 7.92%. Short interest in the company has seen 15.73 million shares shorted with days to cover at 6.69.
Wall Street analysts have a consensus price target for the stock at $3.25, which means that the shares’ value could jump 66.46% from current levels. The projected low price target is $3.25 while the price target rests at a high of $3.25. In that case, then, we find that the current price level is -198.17% off the targeted high while a plunge would see the stock gain -198.17% from current levels.
Standard BioTools Inc (LAB) estimates and forecasts
The company’s shares have lost -43.23% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.00%.
3 analysts offering their estimates for the company have set an average revenue estimate of 40.1M for the current quarter. 3 have an estimated revenue figure of 39.23M for the next ending quarter. Year-ago sales stood 45.54M and 37.2M respectively for this quarter and the next, and analysts expect sales will shrink by -11.95% for the current quarter and -3.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.61% over the past 5 years. Earnings growth for 2025 is a modest 65.38% while over the next 5 years, the company’s earnings are expected to increase by 57.47%.
LAB Dividends
Standard BioTools Inc is expected to release its next earnings report on 2025-Feb-25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Standard BioTools Inc (NASDAQ:LAB)’s Major holders
Insiders own 1.86% of the company shares, while shares held by institutions stand at 73.11% with a share float percentage of 74.49%. Investors are also buoyed by the number of investors in a company, with Standard BioTools Inc having a total of 185.0 institutions that hold shares in the company. The top two institutional holders are CASDIN CAPITAL, LLC with over 63.96 million shares worth more than $113.21 million. As of 2024-06-30, CASDIN CAPITAL, LLC held 17.1782% of shares outstanding.
The other major institutional holder is VIKING GLOBAL INVESTORS LP, with the holding of over 58.65 million shares as of 2024-06-30. The firm’s total holdings are worth over $103.81 million and represent 15.7524% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.42% shares in the company for having 9.17 shares of worth $10.0 million while later fund manager owns 7.55 shares of worth $8.23 million as of Feb 28, 2025 , which makes it owner of about 1.99% of company’s outstanding stock.
