Daily Market Movement: GeneDx Holdings Corp (WGS) Sees a -2.87 Decrease, Closing at 76.93

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The closing price of GeneDx Holdings Corp (NASDAQ: WGS) was $76.93 for the day, down -2.87% from the previous closing price of $79.20. In other words, the price has decreased by -$2.87 from its previous closing price. On the day, 1.14 million shares were traded. WGS stock price reached its highest trading level at $83.78 during the session, while it also had its lowest trading level at $76.68.

Ratios:

Our analysis of WGS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.27 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.55.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on August 28, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $34.

On July 10, 2024, Craig Hallum started tracking the stock assigning a Buy rating and target price of $43.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 16 ’24 when Stueland Katherine sold 10,501 shares for $76.75 per share. The transaction valued at 805,995 led to the insider holds 71,146 shares of the business.

Feeley Kevin sold 3,728 shares of WGS for $286,139 on Dec 16 ’24. The CHIEF FINANCIAL OFFICER now owns 28,200 shares after completing the transaction at $76.75 per share. On Dec 16 ’24, another insider, Kevin Feeley, who serves as the Officer of the company, bought 3,728 shares for $76.75 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WGS now has a Market Capitalization of 2113374848 and an Enterprise Value of 2113015552. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.91 while its Price-to-Book (P/B) ratio in mrq is 10.32. Its current Enterprise Value per Revenue stands at 7.907 whereas that against EBITDA is -54.508.

Stock Price History:

Over the past 52 weeks, WGS has reached a high of $89.11, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is 8.03%, while the 200-Day Moving Average is calculated to be 108.86%.

Shares Statistics:

WGS traded an average of 620.04K shares per day over the past three months and 521770 shares per day over the past ten days. A total of 27.43M shares are outstanding, with a floating share count of 21.98M. Insiders hold about 19.97% of the company’s shares, while institutions hold 67.00% stake in the company. Shares short for WGS as of 1732838400 were 2283671 with a Short Ratio of 3.68, compared to 1730332800 on 2603772. Therefore, it implies a Short% of Shares Outstanding of 2283671 and a Short% of Float of 21.89.

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