While Exact Sciences Corp. has underperformed by -0.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EXAS fell by -53.94%, with highs and lows ranging from $100.77 to $40.62, whereas the simple moving average fell by -30.16% in the last 200 days.
On June 27, 2024, Scotiabank started tracking Exact Sciences Corp. (NASDAQ: EXAS) recommending Sector Outperform. The Benchmark Company also Upgraded EXAS shares as ‘Buy’, setting a target price of $91 on the company’s shares in a report dated January 02, 2024. Guggenheim Initiated an Buy rating on December 14, 2023, and assigned a price target of $90. Wolfe Research initiated its ‘Outperform’ rating for EXAS, as published in its report on December 13, 2023. Piper Sandler’s report from October 10, 2023 suggests a price prediction of $90 for EXAS shares, giving the stock a ‘Overweight’ rating. Bernstein also rated the stock as ‘Outperform’.
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Analysis of Exact Sciences Corp. (EXAS)
Further, the quarter-over-quarter increase in sales is 5.82%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Exact Sciences Corp.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -7.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.45, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.13M can be a very valuable indicator of volatility for EXAS stock. On a monthly basis, the volatility of the stock is set at 4.17%, whereas on a weekly basis, it is put at 4.03%, with a loss of -2.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $80.14, showing growth from the present price of $43.00, which can serve as yet another indication of whether EXAS is worth investing in or should be passed over.
How Do You Analyze Exact Sciences Corp. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.25%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EXAS shares are owned by institutional investors to the tune of 89.55% at present.
