What Are The Chances Of Illumina Inc (NASDAQ: ILMN) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Concentric by Ginkgo and Illumina collaborate to deploy biosurveillance technologies around the world.

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Stocks Info

As a NASDAQ listed company, ILMN falls under the Healthcare sector while operating within the Diagnostics & Research industry segment. At the end of the last regular session, the stock closed at $135.14 and fluctuated between $137.23 as its day high and $133.72 as its day low. The current market capitalization of Illumina Inc is $21.46B. A total of 2.19 million shares were traded on the day, compared to an average of 2.69M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ILMN has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 9,469 shares. Over the last 12 months, there were 37 BUYs and 38 SELLs from insiders. Insiders purchased 204,488 shares during that period but sold 52,027.

In the most recent transaction, Hoyt Aimee L sold 315 shares of ILMN for 112.84 per share on Nov 07. After the transaction, the SVP, Chief People Officer now owns 8,314 company shares. In a previous transaction on Aug 22, TOUSI SUSAN H sold 500 shares at 167.04 per share. ILMN shares that SVP, Chief Commercial Officer owns now total 45,524.

Among the insiders who sold shares, TOUSI SUSAN H disposed of 500 shares on Jul 24 at a per-share price of $190.08. This resulted in the SVP, Chief Commercial Officer holding 46,022 shares of ILMN after the transaction. In another insider transaction, TOUSI SUSAN H sold 500 shares at $200.00 per share on Jun 22. Company shares held by the SVP, Chief Commercial Officer now total 46,522.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ILMN in the last 3 months, the mean price target is $140.87 with high estimates of $258.00 and low estimates of $50.00. In terms of 52-week highs and lows, ILMN has a high of $238.55 and a low of $89.00.

As of this writing, ILMN has an earnings estimate of $Bloomin’ Brands, Inc. per share for the current quarter. EPS was calculated based on a consensus of Illumina, Inc. estimates, with a high estimate of $MILLENNIUM PRIME INC per share and a lower estimate of $Hillman Solutions Corp.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ILMN’s latest balance sheet shows that the firm has $1.34B in Cash & Short Term Investments as of fiscal 2021. There were $2.54B in debt and $1.09B in liabilities at the time. Its Book Value Per Share was $37.33, while its Total Shareholder’s Equity was $10.74B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ILMN is Buy with a score of 3.78.

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