Exact Sciences Corporation (NASDAQ:EXAS) saw an upside of 2.99% to close Tuesday at $96.24 after adding $2.79 on the day. The 5-day average trading volume is 1,135,120 shares of the company’s common stock. It has gained $97.79 in the past week. An average of 1,536,955 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,452,464.
EXAS’s 1-month performance is -3.45% or -$7.41 on its low of $90.90 reached on 10/06/21. The company’s shares have touched a 52-week low of $89.65 and high of $159.54, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, EXAS has lost -27.36% or -$36.25. However, the current price is down -39.68%% from the 52-week high price.
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On Oct 01, 12 days have gone by since the last insider trading activity for Exact Sciences Corporation (EXAS). Conroy Kevin T (President and CEO) most recently sold 17,078 shares at $93.64 per share on Oct 01. This transaction cost the insider $1,599,184. President and CEO, Conroy Kevin T, sold 18,978 shares at a price of $104.42 on Sep 01. Then, on Aug 02, President and CEO Conroy Kevin T sold 19,970 shares at a price of $107.50 per share. This transaction amounted to $2,146,775.
Exact Sciences Corporation (EXAS) has a trailing price-to-earnings (P/E) ratio of 26.50 for the broader industry and 32.19 for the sector.EXAS stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.86 while the price-to-book (PB) in the most recent quarter is 4.64, with the price to cash flow ratio at 191.90.
Exact Sciences Corporation’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 2.50 meaning that EXAS stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.53, while the total debt to equity was 0.62. In terms of profitability, the gross margin trailing 12 months is 75.50%. The trailing 12-month EBITDA margin is 2.32% while for the period ending June 29; Exact Sciences Corporation’s operating margin was -64.70%. The firm’s gross profit as reported stood at $1.14 billion against revenue of $1.49 billion.
For the quarterly period ending June 29 this year, Exact Sciences Corporation’s cash and short-term investments amounted to $943.86 million against total debt of $2.4 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 38.17% to $434.82 million, while revenue of $402.08 million was 7.53% off the previous quarter. Analysts expected EXAS to announce -$0.76 per share in earnings in its latest quarter, but it posted -$1.03, representing a -35.50% surprise. EBITDA for the quarter stood at more than -$123.52 million. EXAS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.17 billion, with total debt at $2.4 billion. Shareholders hold equity totaling $171.95 million
Let’s look briefly at Exact Sciences Corporation (EXAS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 50.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.29%.
The stock’s 5-day moving average is $94.14, reflecting a +3.89% or $3.60 change from its current price. EXAS is currently trading -0.84% above its 20-day SMA, -8.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.22% and -31.04% respectively.
Stochastic %K and %D was 25.76% and 21.14% and the average true range (ATR) pointed at 3.76. The RSI (14) points at 47.53%, while the 14-day stochastic is at 43.35% with the period’s ATR at 3.91. The stock’s 9-day MACD Oscillator is pointing at 0.22 and 0.02 on the 14-day charts.
In the most recent analyst report for Exact Sciences Corporation (NASDAQ: EXAS), Stifel reiterated its a Buy rating for the company but lifted their price target by $165 to $145. Analysts offering their rating for EXAS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EXAS as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 15 have offered a “buy” rating.
What is EXAS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $120.00 and a high of $165.00, with their median price target at $155.00. Looking at these predictions, the average price target given by analysts is for Exact Sciences Corporation (EXAS) stock is $148.47.