Cancer Genetics Inc. (CGIX) Stock Could Soon Reward Patient Investors

Cancer Genetics Inc. (NASDAQ: CGIX) is 23.47% higher on its value in year-to-date trading and has touched a low of $1.92 and a high of $10.39 in the current 52-week trading range. The CGIX stock was last observed hovering at around $2.92 in the last trading session, with the day’s gains setting it 0.5% off its average median price target of $90.00 for the next 12 months. It is also 96.2% off the consensus price target high of $90.00 offered by 1 analysts, but current levels are 96.2% higher than the price target low of $90.00 for the same period.

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Currently trading at $3.42, the stock is 26.32% and 31.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.92 million and changing 17.12% at the moment leaves the stock 5.06% off its SMA200. CGIX registered -36.55% loss for a year compared to 6-month loss of 19.16%. The firm has a 50-day simple moving average (SMA 50) of $2.5673 and a 200-day simple moving average (SMA200) of $3.3480.

The stock witnessed a 39.02% gain in the last 1 month and extending the period to 3 months gives it a -14.07%, and is 26.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.90% over the week and 10.51% over the month.

Cancer Genetics Inc. (CGIX) has around 110 employees, a market worth around $14.19M and $6.30M in sales. Profit margin for the company is -71.50%. Distance from 52-week low is 78.13% and -67.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.00%).

Cancer Genetics Inc. (CGIX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Cancer Genetics Inc. (CGIX) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Cancer Genetics Inc. is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $10.77M over the same period.The EPS is expected to grow by 22.70% this year, but quarterly earnings will post 70.40% year-over-year. Quarterly sales are estimated to grow 40.50% in year-over-year returns.

Cancer Genetics Inc. (CGIX) Top Institutional Holders

16 institutions hold shares in Cancer Genetics Inc. (CGIX), with 305.29k shares held by insiders accounting for 7.49% while institutional investors hold 18.29% of the company’s shares. The shares outstanding are 4.09M, and float is at 3.51M with Short Float at 0.81%. Institutions hold 16.92% of the Float.

The top institutional shareholder in the company is Renaissance Technologies, LLC with over 0.19 million shares valued at $0.8 million. The investor’s holdings represent 4.73% of the CGIX Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 36665.0 shares valued at $0.15 million to account for 0.90% of the shares outstanding. The other top investors are Acadian Asset Management which holds 18001.0 shares representing 0.44% and valued at over $74704.0, while Vanguard Group, Inc. (The) holds 0.26% of the shares totaling 10519.0 with a market value of $43653.0.

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Cancer Genetics Inc. (CGIX): Who are the competitors?

The company’s main competitors (and peers) include Enzo Biochem Inc. (ENZ) that is trading 3.41% up over the past 12 months. Short interest in the company’s stock has risen 44.34% from the last report on Nov 12, 2020 to stand at a total of 15890.0 short shares sold with a short interest ratio of 0.03.

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