With over 8.62 million Illumina Inc (ILMN) shares trading Monday and a closing price of $97.61 on the day, the dollar volume was approximately $841.24 million. The shares have shown a negative half year performance of -53.26% and its price on 11/20/23 gained nearly 3.49%. Currently, there are 158.80M common shares owned by the public and among those 158.12M shares have been available to trade.
Insiders at the company have transacted a total of 65 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 196,957 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 44,191 shares.
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Shares of Illumina Inc (NASDAQ: ILMN) opened at $95.00, up $0.68 from a prior closing price of $94.32. However, the script later moved the day high at 97.65, up 3.49%. The company’s stock has a 5-day price change of 5.19% and -40.09% over the past three months. ILMN shares are trading -51.73% year to date (YTD), with the 12-month market performance down to -56.56% lower. It has a 12-month low price of $89.00 and touched a high of $238.55 over the same period. ILMN has an average intraday trading volume of 2.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.07%, -21.78%, and -46.03% respectively.
Institutional ownership of Illumina Inc (NASDAQ: ILMN) shares accounts for 92.57% of the company’s 158.80M shares outstanding.
It has a market capitalization of $15.50B and a beta (3y monthly) value of 1.08. The earnings-per-share (ttm) stands at -$7.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.15% over the week and 4.35% over the month.
Analysts forecast that Illumina Inc (ILMN) will achieve an EPS of -$0.06 for the current quarter, $0.08 for the next quarter and $0.95 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to decrease by -67.94%, and 53.18% over the next financial year.
Looking at the support for the ILMN, a number of firms have released research notes about the stock. Canaccord Genuity stated their Hold rating for the stock in a research note on November 10, 2023, with the firm’s price target at $210-$120.
