GeneDx Holdings Corp (NASDAQ:WGS) traded at $17.07 at close of the session on Tuesday, April 30, made an upward move of 55.18% on its previous day’s price.
Looking at the stock we see that its previous close was $11.00 . In terms of its 52-week price range, WGS has a high of $12.57 and a low of $1.16. The company’s stock has gained about 89.04% over that past 30 days.
GeneDx Holdings Corp has a market cap of $444.67 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.56, with the EPS growth for the year raised at -$2.03 for 2024 and -$0.74 for next year. These figures represent 60.90% and 63.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $55.04 million, with a low of $53.6 million and a high of $56.16 million. The median projection represents growth squeezing down to 13.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $226.1 million, or 11.60% up from figures reported last year.
On the other hand, looking at the outlook for the WGS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 65.06% off its SMA20 and 83.40% from its 50-day simple moving average. The RSI (14) is pointing at 78.13 while the volatility over the past week is 12.17% and jumps to 11.35% over the past one month. The beta value is 2.69, while the average true range (ATR) is currently pointing at 1.46.
Coming back to GeneDx Holdings Corp (NASDAQ:WGS), we note that the average 3-month trading volume was 194.86K. Current shares outstanding are 25.98 million.
The insiders hold 37.76% of the company’s shares while institutions hold 42.52%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 520.73% up in year-to-date price movement.
