Illumina Inc. (NASDAQ:ILMN) finished Wednesday with a subtraction of -$1.67 to close at $184.49, a downside of -0.90 percent. An average of 1,202,440 shares of common stock have been traded in the last five days. There was a fall of -$5.07 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,520,000 shares traded, while the 50-day average volume stands at 1,557,720.
ILMN stock has decreased by -0.18% in the last month. The company shares reached their 1-month lowest point of $179.03 on 07/18/23. With the stock rallying to its 52-week high on 03/13/23, shares of the company touched a low of $179.03 and a high of $248.87 in 52 weeks. It has reached a new high 8 times so far this year and lost -8.76% or -$17.71 in price. In spite of this, the price is down -25.87% from the 52-week high.
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Insider Transactions
ILMN stock investors should be aware that Illumina Inc. (ILMN) stock had its last reported insider trading activity 17 days ago on Jul 24. In this transaction, the insider spent $95,040. SVP, Chief Commercial Officer, TOUSI SUSAN H, disposed of 500 shares at a price of $200.00 on Jun 22. The insider now owns more than $100,000 worth of shares. Prior to that, SVP, Chief People Officer Hoyt Aimee L went on to Sale 3,917 shares at $199.06 each on Mar 01. An amount of $779,737 was transacted.
Valuation Metrics
Illumina Inc. (ILMN) stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.48, the price-to-book (PB) ratio at 4.36.
Financial Health
The quick ratio of Illumina Inc. for the three months ended March 30 was 1.20, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.33 for the quarter ending March 30. Its gross profit as reported stood at $2.97 billion compared to revenue of $4.58 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 -35.40%.
Earnings Surprise
For the three-month period that ended March 30, Illumina Inc. had $24.0 million in cash and short-term investments compared to $1.49 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.0 million in the quarter, while revenues were shrunk -2766.67%. The analyst consensus anticipated Illumina Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.08, a 300.00% surprise. For the quarter, EBITDA amounted to $43.0 million. Shareholders own equity worth $158.1 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 09 August was 39.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.61%.
As of today, ILMN’s price is $186.18 -2.67% or -$5.07 from its 5-day moving average. ILMN is currently trading -3.89% lower than its 20-day SMA and -17.99% lower than its 100-day SMA. However, the stock’s current price level is -5.82% below the SMA50 and -11.57% below the SMA200.
The stochastic %K and %D were 31.83% and 41.63%, respectively, and the average true range (ATR) was 5.15. With the 14-day stochastic at 18.27% and the average true range at 5.34, the RSI (14) stands at 42.41%. The stock has reached -2.30 on the 9-day MACD Oscillator while the 14-day reading was at -2.84.
