Exact Sciences Corp (NASDAQ:EXAS) price on current trading day, fall -2.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $62.61.
A look at the stock’s price movement, the close in the last trading session was $64.14, moving within a range at $62.02 and $64.77. The beta value (5-Year monthly) was 1.272. Turning to its 52-week performance, $79.62 and $40.62 were the 52-week high and 52-week low respectively. Overall, EXAS moved -12.45% over the past month.
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Exact Sciences Corp’s market cap currently stands at around $11.59 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 694.89M for the company’s revenue for the quarter, with a low and high estimate of 687.48M and 700M respectively. The average forecast suggests up to a 7.42% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.74B, representing a 9.62% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EXAS is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 13 recommend EXAS as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EXAS’s current price about 13.08% and -1.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.50, while 7-day volatility ratio is 3.71% and 5.19% in the 30-day chart. Further, Exact Sciences Corp (EXAS) has a beta value of 1.23, and an average true range (ATR) of 2.92. Analysts have given the company’s stock an average 52-week price target of $80, forecast between a low of $65 and high of $95. Looking at the price targets, the low is -3.82% off current price level while to achieve the yearly target high, price needs to move -51.73%. Nonetheless, investors will most likely welcome a -27.78% jump to $80 which is the analysts’ median price.
If we refocus on Exact Sciences Corp (NASDAQ:EXAS), historical trading data shows that trading volumes averaged 2.64 over the past 10 days and 2.73 million over the past 3 months. The company’s latest data on shares outstanding shows there are 185.05 million shares.
The 1.46% of Exact Sciences Corp’s shares are in the hands of company insiders while institutional holders own 99.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.84 million on 2024-11-15, giving us a short ratio of 4.59. The data shows that as of 2024-11-15 short interest in Exact Sciences Corp (EXAS) stood at 755.0000399999999 of shares outstanding, with shares short falling to 15.54 million registered in 2024-10-15. Current price change has pushed the stock -15.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EXAS stock continues to rise going into the next quarter.
