While GeneDx Holdings Corp has underperformed by -1.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WGS rose by 3159.26%, with highs and lows ranging from $89.11 to $1.76, whereas the simple moving average jumped by 117.04% in the last 200 days.
On August 28, 2024, Wells Fargo started tracking GeneDx Holdings Corp (NASDAQ: WGS) recommending Equal Weight. A report published by Craig Hallum on July 10, 2024, Initiated its previous ‘Buy’ rating for WGS. Jefferies also rated WGS shares as ‘Hold’, setting a target price of $21 on the company’s shares in an initiating report dated June 03, 2024.
Analysis of GeneDx Holdings Corp (WGS)
Further, the quarter-over-quarter increase in sales is 44.22%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of GeneDx Holdings Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -36.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.27, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and WGS is recording an average volume of 614.81K. On a monthly basis, the volatility of the stock is set at 8.68%, whereas on a weekly basis, it is put at 7.74%, with a gain of 10.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $80.83, showing growth from the present price of $79.20, which can serve as yet another indication of whether WGS is worth investing in or should be passed over.
How Do You Analyze GeneDx Holdings Corp Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 19.97%. 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 67.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WGS shares are owned by institutional investors to the tune of 67.00% at present.
