GeneDx Holdings Corp [NASDAQ: WGS] stock went on a downward path that fall over -42.85% on Wednesday, amounting to a one-week price decrease of less than -36.75%.
Over the last 12 months, WGS stock rose by 503.34%. The one-year GeneDx Holdings Corp stock forecast points to a potential upside of 30.85. The average equity rating for WGS stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.91 billion, with 28.02 million shares outstanding and 24.94 million shares in the current float. Compared to the average trading volume of 1.05M shares, WGS stock reached a trading volume of 7614106 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on GeneDx Holdings Corp [WGS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WGS shares is $96.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WGS stock is a recommendation set at 2.00. 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 GeneDx Holdings Corp shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 28, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price to Buy. The new note on the price target was released on July 10, 2024, representing the official price target for GeneDx Holdings Corp stock. Previously, the target price had yet another raise to $21, while Jefferies analysts kept a Hold rating on WGS stock.
The Average True Range (ATR) for GeneDx Holdings Corp is set at 10.96, with the Price to Sales ratio for WGS stock in the period of the last 12 months amounting to 6.24. The Price to Book ratio for the last quarter was 7.64, with the Price to Cash per share for the same quarter was set at 4.95.
WGS Stock Performance Analysis:
GeneDx Holdings Corp [WGS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -36.75. With this latest performance, WGS shares dropped by -24.52% in over the last four-week period, additionally plugging by 13.65% over the last 6 months – not to mention a rise of 503.34% 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 WGS stock in for the last two-week period is set at 34.27, with the RSI for the last a single of trading hit 28.48, and the three-weeks RSI is set at 38.32 for GeneDx Holdings Corp [WGS]. The present Moving Average for the last 50 days of trading for this stock 96.13, while it was recorded at 103.34 for the last single week of trading, and 67.81 for the last 200 days.
Insight into GeneDx Holdings Corp Fundamentals:
GeneDx Holdings Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.42 and a Current Ratio set at 3.61.
WGS Stock EPS
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 WGS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GeneDx Holdings Corp go to 121.82%.
GeneDx Holdings Corp [WGS] Institutonal Ownership Details
There are presently around $86.81%, or 99.44%% of WGS stock, in the hands of institutional investors. The top three institutional holders of WGS stocks are: CASDIN CAPITAL, LLC with ownership of 3.53 million shares, which is approximately 13.2482%. CORVEX MANAGEMENT LP, holding 2.47 million shares of the stock with an approximate value of $$64.66 million in WGS stocks shares; and CORVEX MANAGEMENT LP, currently with $$28.9 million in WGS stock with ownership which is approximately 4.1542%.
