While Exact Sciences Corp. has underperformed by -0.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EXAS rose by 9.36%, with highs and lows ranging from $79.62 to $40.62, whereas the simple moving average jumped by 16.32% in the last 200 days.
On August 28, 2024, Wells Fargo started tracking Exact Sciences Corp. (NASDAQ: EXAS) recommending Overweight. A report published by Scotiabank on June 27, 2024, Initiated its previous ‘Sector Outperform’ rating for EXAS. Jefferies also rated EXAS shares as ‘Buy’, setting a target price of $75 on the company’s shares in an initiating report dated June 03, 2024. Guggenheim initiated its ‘Buy’ rating for EXAS, as published in its report on December 14, 2023. Wolfe Research’s report from December 13, 2023 suggests a price prediction of $95 for EXAS shares, giving the stock a ‘Outperform’ rating. Piper Sandler also rated the stock as ‘Overweight’.
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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 determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and EXAS has an average volume of 2.62M. On a monthly basis, the volatility of the stock is set at 4.12%, whereas on a weekly basis, it is put at 2.75%, with a gain of 0.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $78.52, showing growth from the present price of $68.57, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 1.51%. 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 97.33% 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 97.33% at present.
