Illumina Inc. [NASDAQ: ILMN] surged by $61.52 during the normal trading session on Tuesday and reaching a high of $424.62 during the day while it closed the day at $423.80. The company report on January 11, 2022 that Illumina Announces New Innovative Partnerships, Along With New Groundbreaking Technologies at 2022 J.P. Morgan Healthcare Conference.
SAN DIEGO –News Direct– Illumina.
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SAN DIEGO, January 11, 2022 /3BL Media/ — Illumina, Inc. (NASDAQ:ILMN) Chief Executive Officer, Francis deSouza, discussed the company’s strong growth trajectory, including 2021 results and 2022 guidance. deSouza also announced new partnerships and technologies that will advance the company’s mission of improving human health by unlocking the power of the genome.
Illumina Inc. stock has also gained 13.81% of its value over the past 7 days. However, ILMN stock has inclined by 4.80% in the 3 months of the year. Over the past six months meanwhile, it has lost -8.05% and gained 11.40% year-on date.
The market cap for ILMN stock reached $67.77 billion, with 156.30 million shares outstanding and 155.65 million shares in the current float. Compared to the average trading volume of 897.48K shares, ILMN reached a trading volume of 4093149 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 Illumina Inc. [ILMN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ILMN shares is $432.72 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ILMN stock is a recommendation set at 2.80. 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.
Barclays have made an estimate for Illumina Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 11, 2022. The new note on the price target was released on January 07, 2022, representing the official price target for Illumina Inc. stock. Previously, the target price had yet another raise to $450, while Piper Sandler analysts kept a Overweight rating on ILMN stock.
The Average True Range (ATR) for Illumina Inc. is set at 16.68, with the Price to Sales ratio for ILMN stock in the period of the last 12 months amounting to 15.84. The Price to Book ratio for the last quarter was 6.08, with the Price to Cash per share for the same quarter was set at 7.91. Price to Free Cash Flow for ILMN in the course of the last twelve months was 144.51 with Quick ratio for the last quarter at 2.20.
ILMN stock trade performance evaluation
Illumina Inc. [ILMN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.81. With this latest performance, ILMN shares gained by 13.16% in over the last four-week period, additionally sinking by -8.05% over the last 6 months – not to mention a rise of 17.31% 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 ILMN stock in for the last two-week period is set at 67.08, with the RSI for the last a single of trading hit 71.97, and the three-weeks RSI is set at 62.95 for Illumina Inc. [ILMN]. The present Moving Average for the last 50 days of trading for this stock 380.91, while it was recorded at 380.65 for the last single week of trading, and 423.39 for the last 200 days.
Illumina Inc. [ILMN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Illumina Inc. [ILMN] shares currently have an operating margin of +17.91 and a Gross Margin at +68.63. Illumina Inc.’s Net Margin is presently recorded at +20.25.
Return on Total Capital for ILMN is now 8.86, given the latest momentum, and Return on Invested Capital for the company is 10.51. Return on Equity for this stock inclined to 14.10, with Return on Assets sitting at 8.80. When it comes to the capital structure of this company, Illumina Inc. [ILMN] has a Total Debt to Total Equity ratio set at 40.61. Additionally, ILMN Total Debt to Total Capital is recorded at 28.88, with Total Debt to Total Assets ending up at 25.13. Long-Term Debt to Equity for the company is recorded at 28.63, with the Long-Term Debt to Total Capital now at 20.36.
Reflecting on the efficiency of the workforce at the company, Illumina Inc. [ILMN] managed to generate an average of $84,103 per employee. Receivables Turnover for the company is 6.11 with a Total Asset Turnover recorded at a value of 0.43.Illumina Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.70.
Earnings per share (EPS) analysis for Illumina Inc. [ILMN] stock
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 ILMN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Illumina Inc. go to 0.90%.
Illumina Inc. [ILMN]: Insider Ownership positions
There are presently around $56,497 million, or 88.00% of ILMN stock, in the hands of institutional investors. The top three institutional holders of ILMN stocks are: BAILLIE GIFFORD & CO with ownership of 20,628,655, which is approximately -2.644% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 11,863,223 shares of the stock with an approximate value of $5.03 billion in ILMN stocks shares; and BLACKROCK INC., currently with $4.76 billion in ILMN stock with ownership of nearly 0.159% of the company’s market capitalization.
Positions in Illumina Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 534 institutional holders increased their position in Illumina Inc. [NASDAQ:ILMN] by around 10,304,443 shares. Additionally, 402 investors decreased positions by around 7,149,810 shares, while 210 investors held positions by with 115,857,422 shares. The mentioned changes placed institutional holdings at 133,311,675 shares, according to the latest SEC report filing. ILMN stock had 96 new institutional investments in for a total of 3,371,813 shares, while 82 institutional investors sold positions of 464,163 shares during the same period.