While Exact Sciences Corp. has overperformed by 2.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EXAS fell by -28.59%, with highs and lows ranging from $87.11 to $40.62, whereas the simple moving average fell by -0.42% 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 12.41%, showing a positive trend in the upcoming months.
Exact Sciences Corp.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -5.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.98, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and EXAS is registering an average volume of 3.11M. On a monthly basis, the volatility of the stock is set at 5.28%, whereas on a weekly basis, it is put at 3.73%, with a gain of 5.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $76.20, showing growth from the present price of $58.82, 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?
Besides checking the fundamentals, you should also know 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 1.22%. 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 84.62% 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 84.62% at present.
