Illumina, Inc. (NASDAQ:ILMN) traded at $328.5 at last check on Wednesday, Sep 16, making a downturn move of -6.73% on its previous day’s price.
Looking at the stock we see that its previous close was $352.19 and the beta (5Y monthly) reads 0.84 with the day’s price range being $327.55 – 376.67. The company has a 12-month trailing PE ratio of 75.38. In terms of its 52-week price range, ILMN has a high of $404.2 and a low of $196.78. The company’s stock has gained about 1.33% over that past 30 days.
Illumina, has a market cap of $50.86 Billion and is expected to release its quarterly earnings report on Nov 02, 2020- Nov 06, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the ILMN stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.81, with the EPS growth for the year declined at $4.5 for 2020 and $6.87 for next year. These figures represent -0.32% and at 0.53% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the ILMN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 19 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Illumina, Inc. (ILMN) stock as a Hold, while 8 rate it as a Buy. None analysts rate it as outperform while 2 of them rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the ILMN stock currently stands at 11.54, and the current price level is -6.46% off its SMA20 and -10.32% from its 50-day simple moving average. The RSI (14) is pointing at 34.73 while the volatility over the past week is 2.34% and jumps to 2.75% over the past one month. The beta value is 0.84, while the average true range (ATR) is currently pointing at 11.27. The average price target for the stock over the next 12 months is $351.33, with the estimates having a low of $220 and a high of $400. These price ends are -33.03% and +21.77% off the current price level respectively, although investors could be excited at the prospect of a +9.59% if the ILMN share price touches on the median price of $360.
Let’s briefly compare Illumina, (ILMN) stock to its peers. We find that today’s price change of -6.73% and +17.05% over the past 12 months for ILMN competes that of Amgen Inc (AMGN), which has seen its stock price rise 0.81% in the latest trading session and is +27.96% over the last one year. Another of its peers Bristol-Myers Squibb Company (BMY) has climbed 0.35% today, and is +20.34% up over the past year, while Gilead Sciences Inc (GILD) is also down -6.73% yet its price remains in the green at 17.05% over the same period. Amgen has a P/E ratio of 20.29 compared to Illumina,’s 75.38 and Bristol-Myers 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.47% and 0.77%, respectively, in early deals.
Coming back to Illumina, Inc. (NASDAQ:ILMN), we note that the average 3-month trading volume was 854.77 Million, while that of the preceding 10-day period stands at 764.45 Million. Current shares outstanding are 146Million.
According to data from Thomson Reuters, insiders hold 0.34% of the company’s shares while institutions hold 96.21%. The data shows that short shares as of August 30, 2020, stood at 3.91 Million at a short ratio of 4.25. This represents a 2.68% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 3.48 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +6.16% up in year-to-date price movement.