Qiagen NV [NYSE: QGEN] loss -3.13% or -1.43 points to close at $44.28 with a heavy trading volume of 4239512 shares.
The daily chart for QGEN points out that the company has recorded 0.75% gains over the past six months.
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If we look at the average trading volume of 1.10M shares, QGEN reached to a volume of 4239512 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 Qiagen NV [QGEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QGEN shares is $51.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QGEN stock is a recommendation set at 1.86. 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.
Wolfe Research have made an estimate for Qiagen NV shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on December 19, 2023, representing the official price target for Qiagen NV stock.
The Average True Range (ATR) for Qiagen NV is set at 0.86, with the Price to Sales ratio for QGEN stock in the period of the last 12 months amounting to 5.06. The Price to Book ratio for the last quarter was 2.89, with the Price to Cash per share for the same quarter was set at 4.01. Price to Free Cash Flow for QGEN in the course of the last twelve months was 23.75 with Quick ratio for the last quarter at 1.46.
Trading performance analysis for QGEN stock
Qiagen NV [QGEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.04. With this latest performance, QGEN shares dropped by -4.34% in over the last four-week period, additionally plugging by 0.75% over the last 6 months – not to mention a drop of -2.65% 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 QGEN stock in for the last two-week period is set at 42.53, with the RSI for the last a single of trading hit 33.47, and the three-weeks RSI is set at 47.15 for Qiagen NV [QGEN]. The present Moving Average for the last 50 days of trading for this stock 43.66, while it was recorded at 45.50 for the last single week of trading, and 43.17 for the last 200 days.
Qiagen NV [QGEN]: A deeper dive into fundamental analysis
Qiagen NV’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.46 and a Current Ratio set at 1.77.
Qiagen NV [QGEN]: An earnings per share (EPS) analysis
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 QGEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Qiagen NV go to 6.43%.
An analysis of Institutional ownership at Qiagen NV [QGEN]
The top three institutional holders of QGEN stocks are: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with ownership of 23.2 million shares, which is approximately 10.4494%. WELLINGTON MANAGEMENT GROUP LLP, holding 11.96 million shares of the stock with an approximate value of $$493.43 million in QGEN stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $$363.79 million in QGEN stock with ownership which is approximately 3.9882%.
