Standard BioTools Inc (LAB) concluded trading on Wednesday at a closing price of $1.88, with 5.49 million shares of worth about $10.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.98% during that period and on October 30, 2024 the price saw a gain of about 7.43%. Currently the company’s common shares owned by public are about 371.15M shares, out of which, 359.12M shares are available for trading.
Stock saw a price change of 5.62% in past 5 days and over the past one month there was a price change of 1.08%. Year-to-date (YTD), LAB shares are showing a performance of -14.93% which decreased to -2.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.21 but also hit the highest price of $3.04 during that period. The average intraday trading volume for Standard BioTools Inc shares is 2.08 million. The stock is currently trading 3.52% above its 20-day simple moving average (SMA20), while that difference is down -2.33% for SMA50 and it goes to -15.69% lower than SMA200.
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Standard BioTools Inc (NASDAQ: LAB) currently have 371.15M outstanding shares and institutions hold larger chunk of about 72.56% of that.
The stock has a current market capitalization of $697.77M and its 3Y-monthly beta is at 1.57. It has posted earnings per share of -$0.90 in the same period. It has Quick Ratio of 3.53 while making debt-to-equity ratio of 0.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LAB, volatility over the week remained 7.24% while standing at 5.23% over the month.
Stock’s fiscal year EPS is expected to rise by 56.74% while it is estimated to increase by 48.36% in next year. EPS is likely to shrink at an annualized rate of -8.06% for next 5-years, compared to annual growth of 8.72% made by the stock over the past 5-years.
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 TD Cowen on April 16, 2024 offering a Buy rating for the stock and assigned a target price of $3.50 to it. Coverage by Jefferies stated Standard BioTools Inc (LAB) stock as a Buy in their note to investors on April 04, 2024, suggesting a price target of $3.25 for the stock.
