Exact Sciences Corp. [NASDAQ: EXAS] gained 0.25% on the last trading session, reaching $67.94 price per share at the time.
If compared to the average trading volume of 2.72M shares, EXAS reached a trading volume of 2840376 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Exact Sciences Corp. [EXAS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXAS shares is $77.90 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 1.36. 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.
Wells Fargo have made an estimate for Exact Sciences Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 28, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on June 27, 2024, representing the official price target for Exact Sciences Corp. stock. Previously, the target price had yet another raise to $75, while Jefferies analysts kept a Buy rating on EXAS stock.
The Average True Range (ATR) for Exact Sciences Corp. is set at 2.90, with the Price to Sales ratio for EXAS stock in the period of the last 12 months amounting to 4.81. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 5.12.
Trading performance analysis for EXAS stock
Exact Sciences Corp. [EXAS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.08. With this latest performance, EXAS shares gained by 13.44% in over the last four-week period, additionally plugging by 1.58% over the last 6 months – not to mention a rise of 2.27% 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 60.70, with the RSI for the last a single of trading hit 58.23, and the three-weeks RSI is set at 61.28 for Exact Sciences Corp. [EXAS]. The present Moving Average for the last 50 days of trading for this stock 58.65, while it was recorded at 68.83 for the last single week of trading, and 58.91 for the last 200 days.
Exact Sciences Corp. [EXAS]: A deeper dive into fundamental analysis
Exact Sciences Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.98 and a Current Ratio set at 2.17.
An analysis of Institutional ownership at Exact Sciences Corp. [EXAS]
There are presently around $98.73%, or 99.73%% of EXAS stock, in the hands of institutional investors. The top three institutional holders of EXAS stocks are: VANGUARD GROUP INC with ownership of 18.18 million shares, which is approximately 9.9672%. CAPITAL WORLD INVESTORS, holding 16.5 million shares of the stock with an approximate value of $$697.18 million in EXAS stocks shares; and CAPITAL WORLD INVESTORS, currently with $$624.81 million in EXAS stock with ownership which is approximately 8.1099%.
