Approximately 539 Shares Of Illumina Inc. (ILMN) Were Sold By This Insider.

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Illumina Inc. (NASDAQ:ILMN) finished Wednesday with an addition of $3.47 to close at $198.17, an upside of 1.78 percent. An average of 1,470,900 shares of common stock have been traded in the last five days. There was a gain of $1.31 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,574,745 shares traded, while the 50-day average volume stands at 1,503,082.

ILMN stock has increased by 1.32% in the last month. The company shares reached their 1-month lowest point of $191.20 on 09/01/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $173.45 and a high of $442.54 in 52 weeks. It has reached a new high 5 times so far this year and lost -47.91% or -$182.27 in price. In spite of this, the price is down -55.22% from the 52-week high.

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Insider Transactions

77 days have passed since Illumina Inc. (ILMN) last reported insider trading activity. Aravanis Alexander, who is SVP, Chief Technology Officer, most recently acquired $539 shares at $200.00 per share on Jul 07. In this transaction, the insider spent $107,800. SVP, Chief Commercial Officer, TOUSI SUSAN H, disposed of 250 shares at a price of $214.85 on Jun 10. The insider now owns more than $53,712 worth of shares. Prior to that, SVP & General Counsel Dadswell Charles went on to Sale 368 shares at $300.13 each on Apr 28. An amount of $110,448 was transacted.

Valuation Metrics

Illumina Inc. (ILMN) stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.70, the price-to-book (PB) ratio at 2.98, and the price-to-cash flow ratio at 593.54.

Financial Health

The quick ratio of Illumina Inc. for the three months ended June 29 was 0.80, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 0.17 for the quarter ending June 29. Its gross profit as reported stood at $3.15 billion compared to revenue of $4.53 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Illumina Inc.’s return on assets was -0.10%.

Earnings Surprise

For the three-month period that ended June 29, Illumina Inc. had $38.0 million in cash and short-term investments compared to $495.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$535.0 million in the quarter, while revenues were grew 134.58%. The analyst consensus anticipated Illumina Inc.’s latest quarter earnings to come in at $0.65 per share, but it turned out to be $0.57, a -12.30% surprise. For the quarter, EBITDA amounted to -$484.0 million. Shareholders own equity worth $157.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Illumina Inc. (ILMN) price momentum. RSI 9-day as of the close on 21 September was 44.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.73%.

As of today, ILMN’s price is $198.71 +0.67% or $1.31 from its 5-day moving average. ILMN is currently trading +1.71% higher than its 20-day SMA and -34.61% lower than its 100-day SMA. However, the stock’s current price level is +5.42% above the SMA50 and -42.94% below the SMA200.

The stochastic %K and %D were 26.15% and 30.62%, respectively, and the average true range (ATR) was 9.07. With the 14-day stochastic at 30.25% and the average true range at 9.28, the RSI (14) stands at 45.34%. The stock has reached -4.15 on the 9-day MACD Oscillator while the 14-day reading was at -4.42.

Analyst Ratings

Credit Suisse launched coverage on Illumina Inc. (NASDAQ: ILMN) in its analyst report released on August 25, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Illumina Inc. (ILMN) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell ILMN, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is ILMN’s price target for the next 12 months?

Analysts predict a range of price targets between $130.00 and $380.00, with a median target of $235.00. Taking a look at these predictions, the average price target given by analysts for Illumina Inc. (ILMN) stock is $242.69.


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