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As of close of business last night, Standard BioTools Inc’s stock clocked out at $2.23, up 3.72% from its previous closing price of $2.15. In other words, the price has increased by $3.72 from its previous closing price. On the day, 1.62 million shares were traded. LAB stock price reached its highest trading level at $2.26 during the session, while it also had its lowest trading level at $2.135.
Ratios:
To gain a deeper understanding of LAB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.41 and its Current Ratio is at 3.76. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.06.
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, TD Cowen on April 16, 2024, initiated with a Buy rating and assigned the stock a target price of $3.50.
On April 04, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $3.25.
On July 12, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $4.KeyBanc Capital Markets initiated its Overweight rating on July 12, 2023, with a $4 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 09 ’24 when Taich Adam bought 45,851 shares for $2.00 per share.
Casdin Partners Master Fund, L bought 250,000 shares of LAB for $546,750 on Aug 27 ’24. The Director now owns 54,025,821 shares after completing the transaction at $2.19 per share. On Aug 23 ’24, another insider, Casdin Partners Master Fund, L, who serves as the Director of the company, bought 292,100 shares for $2.13 each. As a result, the insider paid 620,975 and bolstered with 53,625,821 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, LAB now has a Market Capitalization of 830137600 and an Enterprise Value of 254130960. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.25 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 1.63 whereas that against EBITDA is -2.223.
Stock Price History:
Over the past 52 weeks, LAB has reached a high of $3.04, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 15.48%, while the 200-Day Moving Average is calculated to be 0.43%.
Shares Statistics:
It appears that LAB traded 1.97M shares on average per day over the past three months and 3244060 shares per day over the past ten days. A total of 372.26M shares are outstanding, with a floating share count of 360.19M. Insiders hold about 3.24% of the company’s shares, while institutions hold 74.18% stake in the company. Shares short for LAB as of 1728950400 were 21331304 with a Short Ratio of 10.85, compared to 1726185600 on 22250832. Therefore, it implies a Short% of Shares Outstanding of 21331304 and a Short% of Float of 11.84.
