Personalis Inc (NASDAQ:PSNL) shares, rose in value on Wednesday, November 20, with price down by -6.23% to the previous day’s close as strong demand from buyers drove the stock to $3.46.
Actively observing the price movement in the last trading, the stock closed the session at $3.69, falling within a range of $3.415 and $3.7795. The value of beta (5-year monthly) was 1.945. Referring to stock’s 52-week performance, its high was $7.20, and the low was $1.12. On the whole, PSNL has fluctuated by -26.38% over the past month.
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With the market capitalization of Personalis Inc currently standing at about $244.44 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 83.4M, with a low estimate of 15.4M and a high estimate of 15.75M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 15.53M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSNL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PSNL currently trading nearly -26.35% and -29.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.39, while the 7-day volatility ratio is showing 11.12% which for the 30-day chart, stands at 9.99%. Furthermore, Personalis Inc (PSNL)’s beta value is 1.92, and its average true range (ATR) is 0.47.
A comparison of Personalis Inc (PSNL) with its peers suggests the former has fared considerably weaker in the market. PSNL showed an intraday change of -6.23% in last session, and over the past year, it grew by 156.30%%.
Data on historical trading for Personalis Inc (NASDAQ:PSNL) indicates that the trading volumes over the past 10 days have averaged 1.19 and over the past 3 months, they’ve averaged 848.07K. According to company’s latest data on outstanding shares, there are 50.48 million shares outstanding.
Nearly 40.85% of Personalis Inc’s shares belong to company insiders and institutional investors own 40.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.24 million shares as on 2024-10-31, resulting in a short ratio of 6.88. According to the data, the short interest in Personalis Inc (PSNL) stood at 700.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.94 million. The stock has risen by 64.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSNL stock heading into the next quarter.
