Daily Market Movement: Illumina Inc (ILMN) Sees a 3.08 Increase, Closing at 108.52

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The closing price of Illumina Inc (NASDAQ: ILMN) was $108.52 for the day, up 3.08% from the previous closing price of $105.28. In other words, the price has increased by $3.08 from its previous closing price. On the day, 1.35 million shares were traded. ILMN stock price reached its highest trading level at $109.05 during the session, while it also had its lowest trading level at $105.0.

Ratios:

Our analysis of ILMN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.38.

TD Cowen Downgraded its Outperform to Market Perform on January 04, 2024, while the target price for the stock was maintained at $144.

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 Feb 22 ’24 when Thaysen Jacob bought 7,330 shares for $135.29 per share. The transaction valued at 991,672 led to the insider holds 14,861 shares of the business.

Hoyt Aimee L sold 315 shares of ILMN for $35,545 on Nov 07 ’23. The SVP, Chief People Officer now owns 8,314 shares after completing the transaction at $112.84 per share. On Aug 22 ’23, another insider, TOUSI SUSAN H, who serves as the SVP, Chief Commercial Officer of the company, sold 500 shares for $167.04 each. As a result, the insider received 83,520 and left with 45,524 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 17287235584 and an Enterprise Value of 18455236608. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.85 while its Price-to-Book (P/B) ratio in mrq is 3.01. Its current Enterprise Value per Revenue stands at 4.108 whereas that against EBITDA is 53.493.

Stock Price History:

The Beta on a monthly basis for ILMN is 1.15, which has changed by -0.3935057 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. Over the past 52 weeks, ILMN has reached a high of $190.13, while it has fallen to a 52-week low of $86.49. The 50-Day Moving Average of the stock is -0.01%, while the 200-Day Moving Average is calculated to be -10.01%.

Shares Statistics:

ILMN traded an average of 2.66M shares per day over the past three months and 5945000 shares per day over the past ten days. A total of 159.00M shares are outstanding, with a floating share count of 158.50M. Insiders hold about 0.50% of the company’s shares, while institutions hold 91.96% stake in the company. Shares short for ILMN as of 1718323200 were 5135464 with a Short Ratio of 1.98, compared to 1715731200 on 5404263. Therefore, it implies a Short% of Shares Outstanding of 5135464 and a Short% of Float of 3.65.

Earnings Estimates

Its stock is currently analyzed by 7.0 different market analysts. On average, analysts expect EPS of $0.9 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.83, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.97, with high estimates of $1.07 and low estimates of $0.88.

Analysts are recommending an EPS of between $4.35 and $3.84 for the fiscal current year, implying an average EPS of $4.04. EPS for the following year is $4.72, with 10.0 analysts recommending between $6.13 and $4.0.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $1.09B to a low estimate of $1.07B. As of the current estimate, Illumina Inc’s year-ago sales were $1.16BFor the next quarter, 7 analysts are estimating revenue of $1.11B. There is a high estimate of $1.13B for the next quarter, whereas the lowest estimate is $1.07B.

A total of 8 analysts have provided revenue estimates for ILMN’s current fiscal year. The highest revenue estimate was $4.55B, while the lowest revenue estimate was $4.38B, resulting in an average revenue estimate of $4.42B. In the same quarter a year ago, actual revenue was $4.5BBased on 11 analysts’ estimates, the company’s revenue will be $4.73B in the next fiscal year. The high estimate is $5.04B and the low estimate is $4.55B.

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