Exact Sciences Corporation [EXAS] moved up 5.03: Why It’s Important

Exact Sciences Corporation [NASDAQ: EXAS] closed the trading session at $130.67 on 12/03/20. The day’s price range saw the stock hit a low of $123.92, while the highest price level was $131.49. The company report on December 3, 2020 that Apogee Enterprises to Report Fiscal 2021 Third Quarter Financial Results.

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Apogee Enterprises, Inc. (Nasdaq: APOG) will report its fiscal 2021 third quarter results on Friday, December 18, 2020 before the market opens. The company will also host a conference call to discuss its financial results and provide a business update. This conference call will be webcast beginning at 8:00 a.m. Central Time, on December 18, 2020.

Access to the webcast will be available through the Investors section of the company’s website at https://www.apog.com/events-and-presentations. For those unable to listen to the live webcast, a replay will be available on the company’s website.

The stocks have a year to date performance of 41.30 percent and weekly performance of 12.77 percent. The stock has been moved at 50.66 percent over the last six months. The stock has performed 3.58 percent around the most recent 30 days and changed 71.03 percent over the most recent 3-months.

If compared to the average trading volume of 2.11M shares, EXAS reached to a volume of 3292279 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Exact Sciences Corporation [EXAS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXAS shares is $150.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXAS stock is a recommendation set at 1.50. 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.

UBS have made an estimate for Exact Sciences Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 29, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $120 to $140. The new note on the price target was released on October 28, 2020, representing the official price target for Exact Sciences Corporation stock. Previously, the target price had yet another raise to $140, while BTIG Research analysts kept a Buy rating on EXAS stock.

The Average True Range (ATR) for Exact Sciences Corporation is set at 6.38, with the Price to Sales ratio for EXAS stock in the period of the last 12 months amounting to 15.43. The Price to Book ratio for the last quarter was 8.40, with the Price to Cash per share for the same quarter was set at 8.23.

EXAS stock trade performance evaluation

Exact Sciences Corporation [EXAS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.77. With this latest performance, EXAS shares gained by 3.58% in over the last four-week period, additionally plugging by 50.66% over the last 6 months – not to mention a rise of 57.42% 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 EXAS stock in for the last two-week period is set at 64.61, with the RSI for the last a single of trading hit 70.64, and the three-weeks RSI is set at 62.98 for Exact Sciences Corporation [EXAS]. The present Moving Average for the last 50 days of trading for this stock 113.65, while it was recorded at 123.51 for the last single week of trading, and 87.74 for the last 200 days.

Exact Sciences Corporation [EXAS]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Exact Sciences Corporation [EXAS] shares currently have an operating margin of -19.51 and a Gross Margin at +73.44. Exact Sciences Corporation’s Net Margin is presently recorded at -9.59.

Return on Total Capital for EXAS is now -7.40, given the latest momentum, and Return on Invested Capital for the company is -3.64. Return on Equity for this stock declined to -5.66, with Return on Assets sitting at -3.34. When it comes to the capital structure of this company, Exact Sciences Corporation [EXAS] has a Total Debt to Total Equity ratio set at 41.74. Additionally, EXAS Total Debt to Total Capital is recorded at 29.45, with Total Debt to Total Assets ending up at 27.24. Long-Term Debt to Equity for the company is recorded at 41.36, with the Long-Term Debt to Total Capital now at 29.18.

Reflecting on the efficiency of the workforce at the company, Exact Sciences Corporation [EXAS] managed to generate an average of -$20,436 per employee. Receivables Turnover for the company is 9.84 with a Total Asset Turnover recorded at a value of 0.35.Exact Sciences Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.00 and a Current Ratio set at 6.40.

Earnings per share (EPS) analysis for Exact Sciences Corporation [EXAS] stock

With the latest financial reports released by the company, Exact Sciences Corporation posted 0.54/share EPS, while the average EPS was predicted by analysts to be reported at -0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 254.30%. 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 EXAS.

Exact Sciences Corporation [EXAS]: Insider Ownership positions

There are presently around $17,979 million, or 89.10% of EXAS stock, in the hands of institutional investors. The top three institutional holders of EXAS stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 20,047,578, which is approximately -6.532% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 13,429,296 shares of the stock with an approximate value of $1.75 billion in EXAS stocks shares; and BLACKROCK INC., currently with $1.02 billion in EXAS stock with ownership of nearly -2.245% of the company’s market capitalization.

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Positions in Exact Sciences Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 249 institutional holders increased their position in Exact Sciences Corporation [NASDAQ:EXAS] by around 16,931,426 shares. Additionally, 255 investors decreased positions by around 11,616,473 shares, while 89 investors held positions by with 109,046,079 shares. The mentioned changes placed institutional holdings at 137,593,978 shares, according to the latest SEC report filing. EXAS stock had 84 new institutional investments in for a total of 3,340,733 shares, while 79 institutional investors sold positions of 2,299,165 shares during the same period.

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