While 10x Genomics Inc has overperformed by 1.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TXG fell by -56.52%, with highs and lows ranging from $57.90 to $15.28, whereas the simple moving average fell by -34.71% in the last 200 days.
On September 03, 2024, Leerink Partners started tracking 10x Genomics Inc (NASDAQ: TXG) recommending Outperform. A report published by Jefferies on July 22, 2024, Upgraded its rating to ‘Buy’ for TXG. JP Morgan also Downgraded TXG shares as ‘Neutral’, setting a target price of $20 on the company’s shares in a report dated July 18, 2024. Deutsche Bank July 10, 2024d the rating to Hold on July 10, 2024, and set its price target from $55 to $25. Wolfe Research June 27, 2024d its ‘Outperform’ rating to ‘Peer Perform’ for TXG, as published in its report on June 27, 2024. Jefferies also rated the stock as ‘Hold’.
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Analysis of 10x Genomics Inc (TXG)
Further, the quarter-over-quarter increase in sales is 4.28%, showing a positive trend in the upcoming months.
In order to gain a clear picture of 10x Genomics Inc’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 -31.61% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.42, 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 1.83M can be a very valuable indicator of volatility for TXG stock. On a monthly basis, the volatility of the stock is set at 6.39%, whereas on a weekly basis, it is put at 6.32%, with a loss of -6.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.93, showing growth from the present price of $21.82, which can serve as yet another indication of whether TXG is worth investing in or should be passed over.
How Do You Analyze 10x Genomics Inc 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 17.37%. 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 81.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TXG shares are owned by institutional investors to the tune of 81.23% at present.
