Assessing Whether Exact Sciences Corp. (NASDAQ: EXAS) Is Over- Or Undervalued

Exact Sciences Corp. (EXAS) concluded trading on Thursday at a closing price of $58.79, with 2.65 million shares of worth about $155.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.60% during that period and on April 25, 2024 the price saw a loss of about -7.04%. Currently the company’s common shares owned by public are about 181.36M shares, out of which, 179.65M shares are available for trading.

Stock saw a price change of -7.39% in past 5 days and over the past one month there was a price change of -9.89%. Year-to-date (YTD), EXAS shares are showing a performance of -20.53% which decreased to -7.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $56.05 but also hit the highest price of $100.77 during that period. The average intraday trading volume for Exact Sciences Corp. shares is 2.47 million. The stock is currently trading -13.72% below its 20-day simple moving average (SMA20), while that difference is down -7.21% for SMA50 and it goes to -16.58% lower than SMA200.

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Exact Sciences Corp. (NASDAQ: EXAS) currently have 181.36M outstanding shares and institutions hold larger chunk of about 87.63% of that.

The stock has a current market capitalization of $10.67B and its 3Y-monthly beta is at 1.26. It has posted earnings per share of -$1.14 in the same period. It has Quick Ratio of 2.07 while making debt-to-equity ratio of 0.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXAS, volatility over the week remained 4.44% while standing at 4.85% over the month.

Analysts are in expectations that Exact Sciences Corp. (EXAS) stock would likely to be making an EPS of -$0.47 in the current quarter, while forecast for next quarter EPS is -$0.23 and it is $0.06 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.63 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.50% while it is estimated to increase by 112.98% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by The Benchmark Company on January 02, 2024 offering a Buy rating for the stock and assigned a target price of $91 to it. Coverage by Guggenheim stated Exact Sciences Corp. (EXAS) stock as a Buy in their note to investors on December 14, 2023, suggesting a price target of $90 for the stock. On December 13, 2023, Wolfe Research Initiated their recommendations, while on October 10, 2023, Piper Sandler Upgrade their ratings for the stock with a price target of $90. Stock get an Outperform rating from Bernstein on September 28, 2023.

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