Twist Bioscience Corp (NASDAQ:TWST) price closed higher on Friday, May 03, jumping 28.74% above its previous close.
A look at the daily price movement shows that the last close reads $32.01. Taking into account the 52-week price action we note that the stock hit a 52-week high of $43.21 and 52-week low of $11.53. The stock added 28.86% on its value in the past month.
Twist Bioscience Corp, which has a market valuation of $2.40 billion. Analysts tracking TWST have forecast the quarterly EPS to shrink by -0.82 per share this quarter, while the same analysts predict the annual EPS to hit -$3.07 for the year 2024 and up to -$2.67 for 2025. In this case, analysts estimate an annual EPS growth of 14.70% for the year and 13.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $70.65 million, with the likely lows of $70 million and highs of $72.1 million. Staying with the analyst view, there is a consensus estimate of $293.08 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 19.60% above that which the company brought in 2024.
On the technical perspective front, indicators give TWST a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that TWST’s price is at present 33.19% off the SMA20 and 21.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.29, with weekly volatility standing at 8.91%. The indicator jumps to 5.88% when calculated based on the past 30 days. Twist Bioscience Corp (NASDAQ:TWST)’s beta value is holding at 1.73, while the average true range (ATR) indicator is currently reading 2.35.
An analysis of the Twist Bioscience Corp (NASDAQ:TWST) stock in terms of its daily trading volume indicates that the 3-month average is 875.59K.
Current records show that the company has 57.56M in outstanding shares. The insiders’ percentage holdings are 4.36% of outstanding shares while the percentage share held by institutions stands at 112.82%. But the 11.80% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
