Idexx Laboratories, Inc (IDXX): Not A Time To Panic Nor Freeze

Idexx Laboratories, Inc (IDXX) concluded trading on Wednesday at a closing price of $421.76, with 0.48 million shares of worth about $203.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.61% during that period and on November 27, 2024 the price saw a gain of about 1.06%. Currently the company’s common shares owned by public are about 83.03M shares, out of which, 81.08M shares are available for trading.

Stock saw a price change of 0.75% in past 5 days and over the past one month there was a price change of -5.82%. Year-to-date (YTD), IDXX shares are showing a performance of -24.01% which decreased to -10.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $398.50 but also hit the highest price of $583.39 during that period. The average intraday trading volume for Idexx Laboratories, Inc shares is 559.78K. The stock is currently trading -0.06% below its 20-day simple moving average (SMA20), while that difference is down -7.41% for SMA50 and it goes to -14.41% lower than SMA200.

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Idexx Laboratories, Inc (NASDAQ: IDXX) currently have 83.03M outstanding shares and institutions hold larger chunk of about 91.16% of that.

The stock has a current market capitalization of $34.54B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 40.69, while it has posted earnings per share of $10.36 in the same period. Its PEG reads 3.13 and has Quick Ratio of 0.98 while making debt-to-equity ratio of 0.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IDXX, volatility over the week remained 2.83% while standing at 2.67% over the month.

Stock’s fiscal year EPS is expected to rise by 3.88% while it is estimated to increase by 14.41% in next year. EPS is likely to shrink at an annualized rate of 13.00% for next 5-years, compared to annual growth of 18.76% 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 BTIG Research on July 25, 2024 offering a Buy rating for the stock and assigned a target price of $580 to it. Coverage by Piper Sandler stated Idexx Laboratories, Inc (IDXX) stock as a Neutral in their note to investors on January 30, 2024, suggesting a price target of $525 for the stock. Stock get a Neutral rating from Atlantic Equities on August 02, 2023.

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