Illumina Inc (NASDAQ:ILMN) price on current trading day, fall -8.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $112.00.
A look at the stock’s price movement, the level at last check in today’s session was $122.80, moving within a range at $108.81 and $115.16. The beta value (5-Year monthly) was 1.131. Turning to its 52-week performance, $156.66 and $97.27 were the 52-week high and 52-week low respectively. Overall, ILMN moved -19.47% over the past month.
Illumina Inc’s market cap currently stands at around $17.76 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.04B for the company’s revenue for the quarter, with a low and high estimate of 1.03B and 1.07B respectively. The average forecast suggests down to a -2.96% 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 4.38B, representing a 0.15% 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 ILMN is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
17 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 6 analyst(s) rate the stock as a Hold, 9 recommend ILMN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 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.
ILMN’s current price about -15.92% and -18.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.17, while 7-day volatility ratio is 3.72% and 4.23% in the 30-day chart. Further, Illumina Inc (ILMN) has a beta value of 1.13, and an average true range (ATR) of 6.01. Analysts have given the company’s stock an average 52-week price target of $150, forecast between a low of $58 and high of $195. Looking at the price targets, the low is 48.21% off recent price level in today’s trading while to achieve the yearly target high, it has to move -74.11%. Nonetheless, investors will most likely welcome a -33.93% jump to $150 which is the analysts’ median price.
If we refocus on Illumina Inc (NASDAQ:ILMN), historical trading data shows that trading volumes averaged 1.99 over the past 10 days and 2.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 158.00 million shares.
The 0.77% of Illumina Inc’s shares are in the hands of company insiders while institutional holders own 100.64% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.97 million on 2025-01-15, giving us a short ratio of 2.72. The data shows that as of 2025-01-15 short interest in Illumina Inc (ILMN) stood at 426.00001999999995 of shares outstanding, with shares short falling to 6.51 million registered in 2024-12-13. Current price change has pushed the stock -16.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ILMN stock continues to rise going into the next quarter.
