Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $131.10 in the prior trading day, Illumina Inc (NASDAQ: ILMN) closed at $124.20, down -5.26%. In other words, the price has decreased by -$5.26 from its previous closing price. On the day, 4.43 million shares were traded.
Ratios:
Our goal is to gain a better understanding of ILMN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.43. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 1.22.
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 the company, Citigroup on December 11, 2024, Downgraded its rating to Neutral and sets its target price to $165 from $190 previously.
HSBC Securities Upgraded its Hold to Buy on October 17, 2024, while the target price for the stock was maintained at $180.
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 Oct 14 ’24 when CHARLES E. DADSWELL TRUST U/A/ bought 4,948 shares for $145.54 per share.
CHARLES E. DADSWELL TRUST U/A/ bought 3,956 shares of ILMN for $483,740 on Aug 15 ’24. On Feb 22 ’24, another insider, Thaysen Jacob, who serves as the Chief Executive Officer of the company, bought 7,330 shares for $135.29 each. As a result, the insider paid 991,672 and bolstered with 14,861 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.49 while its Price-to-Book (P/B) ratio in mrq is 9.23.
Stock Price History:
Over the past 52 weeks, ILMN has reached a high of $156.66, while it has fallen to a 52-week low of $97.27. The 50-Day Moving Average of the stock is -10.20%, while the 200-Day Moving Average is calculated to be -2.41%.
Shares Statistics:
A total of 158.00M shares are outstanding, with a floating share count of 157.38M. Insiders hold about 0.77% of the company’s shares, while institutions hold 100.21% stake in the company.
