Market cap of GenMark Diagnostics Inc. [GNMK] reaches 864.96M – now what?

GenMark Diagnostics Inc. [NASDAQ: GNMK] gained 11.87% or 1.44 points to close at $13.61 with a heavy trading volume of 1532591 shares. The company report on September 14, 2020 that GenMark Diagnostics’ ePlex® Respiratory Pathogen Panel 2 (RP2) achieves CE Mark.

Molecular syndromic test for COVID-19, influenza and other common respiratory pathogenshelps health care professionals prepare for flu season.

RP2 Panel at a Glance.

It opened the trading session at $12.32, the shares rose to $13.63 and dropped to $12.32, the range by which the price of stock traded the whole day. The daily chart for GNMK points out that the company has recorded 154.01% gains over the past six months. However, it is still -305.06% lower than its most recent low trading price.

If we look at the average trading volume of 1.65M shares, GNMK reached to a volume of 1532591 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about GenMark Diagnostics Inc. [GNMK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNMK shares is $20.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNMK stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for GenMark Diagnostics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 05, 2020. While these analysts kept the previous recommendation, Needham raised their target price from $15 to $19. The new note on the price target was released on July 08, 2020, representing the official price target for GenMark Diagnostics Inc. stock. Previously, the target price had yet another raise from $11 to $15, while Needham kept a Buy rating on GNMK stock.

The Average True Range (ATR) for GenMark Diagnostics Inc. is set at 0.91, with the Price to Sales ratio for GNMK stock in the period of the last 12 months amounting to 6.82. The Price to Book ratio for the last quarter was 10.01, with the Price to Cash per share for the same quarter was set at 2.09.

Trading performance analysis for GNMK stock

GenMark Diagnostics Inc. [GNMK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.33. With this latest performance, GNMK shares dropped by -11.71% in over the last four-week period, additionally plugging by 154.01% over the last 6 months – not to mention a rise of 126.54% 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 GNMK stock in for the last two-week period is set at 49.98, with the RSI for the last a single of trading hit 58.72, and the three-weeks RSI is set at 49.04 for GenMark Diagnostics Inc. [GNMK]. The present Moving Average for the last 50 days of trading for this stock 15.38, while it was recorded at 12.68 for the last single week of trading, and 9.49 for the last 200 days.

GenMark Diagnostics Inc. [GNMK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and GenMark Diagnostics Inc. [GNMK] shares currently have an operating margin of -47.50 and a Gross Margin at +32.50. GenMark Diagnostics Inc.’s Net Margin is presently recorded at -53.79.

Return on Total Capital for GNMK is now -52.75, given the latest momentum, and Return on Invested Capital for the company is -60.44. Return on Equity for this stock declined to -207.18, with Return on Assets sitting at -46.32. When it comes to the capital structure of this company, GenMark Diagnostics Inc. [GNMK] has a Total Debt to Total Equity ratio set at 631.28. Additionally, GNMK Total Debt to Total Capital is recorded at 86.33, with Total Debt to Total Assets ending up at 68.88. Long-Term Debt to Equity for the company is recorded at 616.14, with the Long-Term Debt to Total Capital now at 84.25.

Reflecting on the efficiency of the workforce at the company, GenMark Diagnostics Inc. [GNMK] managed to generate an average of -$108,352 per employee. Receivables Turnover for the company is 6.22 with a Total Asset Turnover recorded at a value of 0.86.GenMark Diagnostics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.20 and a Current Ratio set at 5.70.

GenMark Diagnostics Inc. [GNMK]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, GenMark Diagnostics Inc. posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.30%. 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 GNMK.

An analysis of insider ownership at GenMark Diagnostics Inc. [GNMK]

There are presently around $935 million, or 97.40% of GNMK stock, in the hands of institutional investors. The top three institutional holders of GNMK stocks are: FMR LLC with ownership of 10,451,263, which is approximately 14.643% of the company’s market cap and around 4.40% of the total institutional ownership; CONSONANCE CAPITAL MANAGEMENT LP, holding 6,894,481 shares of the stock with an approximate value of $93.87 million in GNMK stocks shares; and BLACKROCK INC., currently with $73.62 million in GNMK stock with ownership of nearly 26.511% of the company’s market capitalization.

Positions in GenMark Diagnostics Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 109 institutional holders increased their position in GenMark Diagnostics Inc. [NASDAQ:GNMK] by around 36,477,258 shares. Additionally, 49 investors decreased positions by around 19,937,605 shares, while 9 investors held positions by with 12,272,443 shares. The mentioned changes placed institutional holdings at 68,687,306 shares, according to the latest SEC report filing. GNMK stock had 57 new institutional investments in for a total of 22,775,956 shares, while 17 institutional investors sold positions of 9,725,537 shares during the same period.

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