Post-Trade Analysis: 10x Genomics Inc (TXG) Climbs 2.69, Closing at 20.25

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After finishing at $19.72 in the prior trading day, 10x Genomics Inc (NASDAQ: TXG) closed at $20.25, up 2.69%. In other words, the price has increased by $2.69 from its previous closing price. On the day, 1.25 million shares were traded. TXG stock price reached its highest trading level at $20.295 during the session, while it also had its lowest trading level at $19.34.

Ratios:

Our goal is to gain a better understanding of TXG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.45 and its Current Ratio is at 5.22. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.11.

On May 01, 2024, TD Cowen Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $57 to $32.

On December 14, 2023, Guggenheim started tracking the stock assigning a Buy rating and target price of $60.Guggenheim initiated its Buy rating on December 14, 2023, with a $60 target price.

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 May 22 ’24 when Saxonov Serge sold 4,877 shares for $24.30 per share. The transaction valued at 118,529 led to the insider holds 889,641 shares of the business.

Hindson Benjamin J. sold 4,087 shares of TXG for $99,329 on May 22 ’24. The insider now owns 350,055 shares after completing the transaction at $24.30 per share. On May 22 ’24, another insider, McAnear Justin J., who serves as the Chief Financial Officer of the company, sold 2,936 shares for $24.30 each. As a result, the insider received 71,355 and left with 146,203 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, TXG now has a Market Capitalization of 2424087040 and an Enterprise Value of 2144457600. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.88 while its Price-to-Book (P/B) ratio in mrq is 3.37. Its current Enterprise Value per Revenue stands at 3.429 whereas that against EBITDA is -13.065.

Stock Price History:

Over the past 52 weeks, TXG has reached a high of $63.57, while it has fallen to a 52-week low of $19.68. The 50-Day Moving Average of the stock is -24.57%, while the 200-Day Moving Average is calculated to be -49.09%.

Shares Statistics:

The stock has traded on average 1.59M shares per day over the past 3-months and 1170500 shares per day over the last 10 days, according to various share statistics. A total of 105.04M shares are outstanding, with a floating share count of 98.56M. Insiders hold about 17.67% of the company’s shares, while institutions hold 79.60% stake in the company. Shares short for TXG as of 1715731200 were 10132248 with a Short Ratio of 6.26, compared to 1713139200 on 8870437. Therefore, it implies a Short% of Shares Outstanding of 10132248 and a Short% of Float of 11.12.

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