Does Illumina Inc. (ILMN) Have Insiders Selling Shares?

As of Wednesday close, Illumina Inc.’s (NASDAQ:ILMN) stock was down -$1.66, moving down -0.91 percent to $181.58. The average number of shares traded per day over the past five days has been 2,524,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.83 fall in that time frame. In the last twenty days, the average volume was 1,659,430, while in the previous 50 days, it was 1,342,386.

Since last month, ILMN stock retreated -25.43%. Shares of the company fell to $180.00 on 06/22/22, the lowest level in the past month. A 52-week high of $526.00 was reached on 01/12/22 after having rallying from a 52-week low of $182.46. Since the beginning of this year, ILMN’s stock price has dropped by -52.27% or -$198.86, and marked a new high 5 times. However, the stock has declined by -65.48% since its 52-week high.

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Illumina Inc. (ILMN) last reported insider trading activity 13 days ago on Jun 10. TOUSI SUSAN H, the SVP, Chief Commercial Officer of the company, disposed of 250 shares for $214.85 on Jun 10. It resulted in a $53,712 divestment by the insider. Dadswell Charles sold 368 shares at an average price of $300.13 on Apr 28. The insider now owns 7,427 shares following the transaction. On Apr 12, SVP, Chief People Officer Hoyt Aimee L sold 2,474 shares at $350.51 apiece. The transaction was valued at $867,173.

Valuation Metrics

Right now, Illumina Inc. (ILMN) has a P/E ratio of about 39.60. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 6.14, the price-to-book (PB) ratio of 2.62, and the price-to-cash flow ratio of 137.49 may also be considered.

Financial Health

In the three months ended March 30, Illumina Inc.’s quick ratio stood at 1.50, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.11, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 68.80% percent. In the year ended March 30, operating margins totaled -2.90%. Based on annual data, ILMN earned $3.15 billion in gross profit and brought in $4.53 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.00%. Return on equity (ROE) for the past 12 months was 7.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ILMN’s revenue rose 10.63% to $1.2 billion during the quarter, while net income inched up to $1.22 billion. While analysts expected Illumina Inc. to report $0.9 quarterly earnings, the actual figure was $1.07 per share, beating the consensus estimate by 18.90%. During the quarter, the company generated $275.0 million in EBITDA. The liabilities of Illumina Inc. were 4.38 billion at the end of its most recent quarter ended March 30, and its total debt was $2.54 billion. The value of shareholders’ equity is $157.1 million.

Technical Picture

This quick technical analysis looks at Illumina Inc.’s (ILMN) price momentum. With a historical volatility rate of 43.44%, the RSI 9-day stood at 22.63% on 22 June.

With respect to its five-day moving average, the current Illumina Inc. price is down by -4.13% percent or -$7.83. At present, ILMN shares trade -25.91% below its 20-day simple moving average and -44.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.93% below its SMA50 and -61.12% below its SMA200.

Stochastic coefficient K was 3.39% and Stochastic coefficient D was 5.02%, while ATR was 10.86. Given the Stochastic reading of 2.29% for the 14-day period, the RSI (14) reading has been calculated as 26.58%. As of today, the MACD Oscillator reading stands at -9.95, while the 14-day reading stands at -24.58.

Analyst Ratings

Stifel upgraded its rating on Illumina Inc. (NASDAQ: ILMN) to a Buy in a note to investors on January 18, 2022. The analysts firm previously had a Hold rating on the stock.Illumina Inc. (ILMN) has been rated Hold by analysts. According to 1 brokerage firm, ILMN is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Illumina Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $350.00, the current consensus forecast for the stock is $190.00 – $520.00. Based on these forecasts, analysts predict Illumina Inc. (ILMN) will achieve an average price target of $347.31.


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