Update from Illumina Inc. (ILMN): A steady trajectory

After finishing at $212.65 in the prior trading day, Illumina Inc. (NASDAQ: ILMN) closed at $193.53, down -8.99%. In other words, the price has decreased by -$19.12 from its previous closing price. On the day, 3776440 shares were traded. ILMN stock price reached its highest trading level at $212.07 during the session, while it also had its lowest trading level at $186.00.

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Our goal is to gain a better understanding of ILMN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.22.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 when Hoyt Aimee L sold 3,917 shares for $199.06 per share. The transaction valued at 779,737 led to the insider holds 2,881 shares of the business.

Aravanis Alexander sold 5,398 shares of ILMN for $1,088,982 on Feb 22. The SVP, Chief Technology Officer now owns 2,922 shares after completing the transaction at $201.74 per share. On Feb 06, another insider, TOUSI SUSAN H, who serves as the SVP, Chief Commercial Officer of the company, sold 500 shares for $211.57 each. As a result, the insider received 105,785 and left with 38,276 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ILMN now has a Market Capitalization of 34.56B and an Enterprise Value of 36.08B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.76 while its Price-to-Book (P/B) ratio in mrq is 4.57. Its current Enterprise Value per Revenue stands at 8.11 whereas that against EBITDA is -7.98.

Stock Price History:

Over the past 52 weeks, ILMN has reached a high of $258.07, while it has fallen to a 52-week low of $173.45. The 50-Day Moving Average of the stock is 215.41, while the 200-Day Moving Average is calculated to be 210.59.

Shares Statistics:

The stock has traded on average 1.24M shares per day over the past 3-months and 1.43M shares per day over the last 10 days, according to various share statistics. A total of 158.00M shares are outstanding, with a floating share count of 156.75M. Insiders hold about 0.10% of the company’s shares, while institutions hold 91.10% stake in the company. Shares short for ILMN as of May 14, 2023 were 4.3M with a Short Ratio of 4.30M, compared to 4.6M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.72% and a Short% of Float of 3.04%.

Earnings Estimates

Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.08 and a low estimate of $0, while EPS last year was $0.57. The consensus estimate for the next quarter is $0.46, with high estimates of $0.62 and low estimates of $0.3.

Analysts are recommending an EPS of between $1.53 and $1.18 for the fiscal current year, implying an average EPS of $1.36. EPS for the following year is $3.13, with 18 analysts recommending between $4.78 and $1.8.

Revenue Estimates

13 analysts predict $1.17B in revenue for the current quarter. It ranges from a high estimate of $1.18B to a low estimate of $1.16B. As of the current estimate, Illumina Inc.’s year-ago sales were $1.16B, an estimated increase of 0.30% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.28B, an increase of 14.90% over than the figure of $0.30% in the same quarter last year. There is a high estimate of $1.3B for the next quarter, whereas the lowest estimate is $1.25B.

A total of 18 analysts have provided revenue estimates for ILMN’s current fiscal year. The highest revenue estimate was $5B, while the lowest revenue estimate was $4.83B, resulting in an average revenue estimate of $4.92B. In the same quarter a year ago, actual revenue was $4.58B, up 7.30% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $5.69B in the next fiscal year. The high estimate is $6.23B and the low estimate is $5.37B. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.