Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Standard BioTools Inc (NASDAQ: LAB) was $2.54 for the day, up 0.79% from the previous closing price of $2.52. In other words, the price has increased by $0.79 from its previous closing price. On the day, 2.29 million shares were traded. LAB stock price reached its highest trading level at $2.6 during the session, while it also had its lowest trading level at $2.5182.
Ratios:
Our analysis of LAB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.21.
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:
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 Mar 05 ’24 when Casdin Partners Master Fund, L bought 1,403 shares for $2.62 per share. The transaction valued at 3,669 led to the insider holds 11,497,928 shares of the business.
Casdin Partners Master Fund, L bought 250,000 shares of LAB for $642,500 on Mar 04 ’24. The Director now owns 11,496,525 shares after completing the transaction at $2.57 per share. On May 19 ’23, another insider, Casdin Eli, who serves as the Director of the company, bought 800,000 shares for $2.29 each. As a result, the insider paid 1,835,920 and bolstered with 1,200,000 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 971450880 and an Enterprise Value of 277893088. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.15. Its current Enterprise Value per Revenue stands at 2.613 whereas that against EBITDA is -4.705.
Stock Price History:
The Beta on a monthly basis for LAB is 1.63, which has changed by 0.5301205 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, LAB has reached a high of $3.16, while it has fallen to a 52-week low of $1.46. The 50-Day Moving Average of the stock is -2.10%, while the 200-Day Moving Average is calculated to be 5.08%.
Shares Statistics:
LAB traded an average of 2.03M shares per day over the past three months and 2938040 shares per day over the past ten days. A total of 383.05M shares are outstanding, with a floating share count of 369.48M. Insiders hold about 3.54% of the company’s shares, while institutions hold 54.08% stake in the company. Shares short for LAB as of 1711584000 were 10227584 with a Short Ratio of 5.03, compared to 1709164800 on 7917193. Therefore, it implies a Short% of Shares Outstanding of 10227584 and a Short% of Float of 2.7999999.
Earnings Estimates
The current market rating for Standard BioTools Inc (LAB) reflects the collective analysis of 1 analysts closely monitoring its performance.On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was $0. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $-0.01 and $-0.01 for the fiscal current year, implying an average EPS of $-0.01.
