Sunday, August 9, 2020

Cantor Fitzgerald lifts HTG Molecular Diagnostics Inc. [HTGM] price estimate. Who else is bullish?

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HTG Molecular Diagnostics Inc. [NASDAQ: HTGM] jumped around 0.04 points on Thursday, while shares priced at $0.71 at the close of the session, up 7.10%. The company report on July 30, 2020 that HTG Expands RUO Profiling Menu with New NGS Platform Capability Assays.

Entire HTG RUO profiling assay menu now available for use on both Illumina’s and Thermo Fisher Scientific’s NGS platform.

HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) (HTG), a life science company whose mission is to advance precision medicine, today announced three of its previously released Research Use Only (RUO) assays are now available for use with the Thermo Fisher Scientific Ion Torrent Ion S5 next-generation sequencing (NGS) platform.

HTG Molecular Diagnostics Inc. stock is now 1.87% up from its year-to-date (YTD) trading value. HTGM Stock saw the intraday high of $0.7498 and lowest of $0.605 per share. The company’s 52-week high price is 1.40, which means current price is +167.69% above from all time high which was touched on 06/22/20.

Compared to the average trading volume of 5.67M shares, HTGM reached a trading volume of 12101829 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about HTG Molecular Diagnostics Inc. [HTGM]?

Cantor Fitzgerald have made an estimate for HTG Molecular Diagnostics Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 11, 2020. The new note on the price target was released on March 26, 2020, representing the official price target for HTG Molecular Diagnostics Inc. stock. Previously, the target price had yet another raise from $4.50 to $6, while Rodman & Renshaw kept a Buy rating on HTGM stock.

The Average True Range (ATR) for HTG Molecular Diagnostics Inc. is set at 0.08, with the Price to Sales ratio for HTGM stock in the period of the last 12 months amounting to 2.83. The Price to Book ratio for the last quarter was 2.10, with the Price to Cash per share for the same quarter was set at 0.44.

How has HTGM stock performed recently?

HTG Molecular Diagnostics Inc. [HTGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.97. With this latest performance, HTGM shares dropped by -0.69% in over the last four-week period, additionally plugging by 27.22% over the last 6 months – not to mention a drop of -46.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HTGM stock in for the last two-week period is set at 57.66, with the RSI for the last a single of trading hit 60.31, and the three-weeks RSI is set at 56.23 for HTG Molecular Diagnostics Inc. [HTGM]. The present Moving Average for the last 50 days of trading for this stock 0.6465, while it was recorded at 0.6597 for the last single week of trading, and 0.5906 for the last 200 days.

HTG Molecular Diagnostics Inc. [HTGM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and HTG Molecular Diagnostics Inc. [HTGM] shares currently have an operating margin of -102.09 and a Gross Margin at +53.60. HTG Molecular Diagnostics Inc.’s Net Margin is presently recorded at -100.49.

Return on Total Capital for HTGM is now -49.79, given the latest momentum, and Return on Invested Capital for the company is -53.22. Return on Equity for this stock declined to -85.65, with Return on Assets sitting at -43.42. When it comes to the capital structure of this company, HTG Molecular Diagnostics Inc. [HTGM] has a Total Debt to Total Equity ratio set at 71.00. Additionally, HTGM Total Debt to Total Capital is recorded at 41.52, with Total Debt to Total Assets ending up at 37.72. Long-Term Debt to Equity for the company is recorded at 50.39, with the Long-Term Debt to Total Capital now at 29.47.

Reflecting on the efficiency of the workforce at the company, HTG Molecular Diagnostics Inc. [HTGM] managed to generate an average of -$172,301 per employee. Receivables Turnover for the company is 4.70 with a Total Asset Turnover recorded at a value of 0.43.HTG Molecular Diagnostics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.60.

Earnings analysis for HTG Molecular Diagnostics Inc. [HTGM]

With the latest financial reports released by the company, HTG Molecular Diagnostics Inc. posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HTGM.

Insider trade positions for HTG Molecular Diagnostics Inc. [HTGM]

There are presently around $13 million, or 38.50% of HTGM stock, in the hands of institutional investors. The top three institutional holders of HTGM stocks are: NANTAHALA CAPITAL MANAGEMENT, LLC with ownership of 5,060,160, which is approximately 1.203% of the company’s market cap and around 4.30% of the total institutional ownership; COWEN PRIME SERVICES LLC, holding 4,579,500 shares of the stock with an approximate value of $3.27 million in HTGM stocks shares; and PERKINS CAPITAL MANAGEMENT INC, currently with $1.74 million in HTGM stock with ownership of nearly -3.68% of the company’s market capitalization.

Positions in HTG Molecular Diagnostics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 18 institutional holders increased their position in HTG Molecular Diagnostics Inc. [NASDAQ:HTGM] by around 1,008,291 shares. Additionally, 10 investors decreased positions by around 4,116,000 shares, while 9 investors held positions by with 12,997,555 shares. The mentioned changes placed institutional holdings at 18,121,846 shares, according to the latest SEC report filing. HTGM stock had 8 new institutional investments in for a total of 615,323 shares, while 3 institutional investors sold positions of 128,715 shares during the same period.

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