There Is Clear Momentum For 10x Genomics Inc (NASDAQ: TXG)

10x Genomics Inc (TXG) concluded trading on Thursday at a closing price of $14.95, with 2.68 million shares of worth about $40.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.19% during that period and on December 12, 2024 the price saw a loss of about -7.03%. Currently the company’s common shares owned by public are about 106.98M shares, out of which, 99.75M shares are available for trading.

Stock saw a price change of -1.84% in past 5 days and over the past one month there was a price change of -4.66%. Year-to-date (YTD), TXG shares are showing a performance of -73.28% which decreased to -69.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.95 but also hit the highest price of $57.90 during that period. The average intraday trading volume for 10x Genomics Inc shares is 1.99 million. The stock is currently trading -0.18% below its 20-day simple moving average (SMA20), while that difference is down -6.11% for SMA50 and it goes to -35.52% lower than SMA200.

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10x Genomics Inc (NASDAQ: TXG) currently have 106.98M outstanding shares and institutions hold larger chunk of about 78.78% of that.

The stock has a current market capitalization of $1.81B and its 3Y-monthly beta is at 1.82. It has posted earnings per share of -$1.53 in the same period. It has Quick Ratio of 4.12 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TXG, volatility over the week remained 5.83% while standing at 5.59% over the month.

Stock’s fiscal year EPS is expected to rise by 35.26% while it is estimated to increase by 13.00% 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 Leerink Partners on September 03, 2024 offering an Outperform rating for the stock and assigned a target price of $35 to it. Coverage by Jefferies stated 10x Genomics Inc (TXG) stock as a Buy in their note to investors on July 22, 2024, suggesting a price target of $24 for the stock. On July 18, 2024, JP Morgan Downgrade their recommendations, while on July 10, 2024, Deutsche Bank Downgrade their ratings for the stock with a price target of $25. Stock get a Peer perform rating from Wolfe Research on June 27, 2024.

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