Here Are Reasons Why Exact Sciences Corp. (NASDAQ: EXAS) Is A Great Choice Now

The trading price of Exact Sciences Corp. (NASDAQ:EXAS) floating lower at last check on Tuesday, May 14, closing at $52.92, -4.80% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $100.77 and a 52-week low of $52.25. Over the past month, the stock has lost -19.02% in value.

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Exact Sciences Corp., whose market valuation is $9.77 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.3 per share this quarter, however they have predicted annual earnings per share of -1.1 for current year and -0.05 for next year.

Analysts have forecast the company to bring in revenue of 689.6M for the current quarter, with the likely lows of 638M and highs of 707.72M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.83B.

On the technical side, indicators suggest EXAS has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that EXAS’s price is currently -12.28% off the SMA20 and -16.25% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.76, and weekly volatility stands at 5.05%. When measured over the past 30 days, the indicator reaches 4.87%. Exact Sciences Corp. (NASDAQ:EXAS)’s beta value is currently sitting at 1.31, while the Average True Range indicator is currently displaying 3.24.

To see how Exact Sciences Corp. stock has been performing today in comparison to its peers in the industry, here are the numbers: EXAS stock’s performance was -4.80% at last check in today’s session, and -33.17% in the past year.

An evaluation of the daily trading volume of Exact Sciences Corp. (NASDAQ:EXAS) indicates that the 3-month average is 2.73 million.

Currently, records show that 184.53 million of the company’s shares remain outstanding. The insiders hold 1.04% of outstanding shares, whereas institutions hold 82.73%. However, since the stock’s price has seen -28.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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