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Standard BioTools Inc (LAB) – key numbers that make it a Strong Buy For Now

Standard BioTools Inc (NASDAQ: LAB) is 14.93% higher on its value in year-to-date trading and has touched a low of $1.57 and a high of $3.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LAB stock was last observed hovering at around $2.48 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $2.54, the stock is 2.38% and -2.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.7 million and changing 2.42% at the moment leaves the stock 4.65% off its SMA200. LAB registered 43.50% gain for a year compared to 6-month gain of 16.51%.

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The stock witnessed a -8.30% loss in the last 1 month and extending the period to 3 months gives it a 9.01%, and is 7.17% 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 6.43% over the week and 5.55% over the month.

Standard BioTools Inc (LAB) has around 539 employees, a market worth around $972.95M and $126.76M in sales. Profit margin for the company is -107.28%. Distance from 52-week low is 61.78% and -19.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.34%).

The EPS is expected to grow by 64.54% this year.

Standard BioTools Inc (LAB) Top Institutional Holders

The shares outstanding are 383.05M, and float is at 369.07M with Short Float at 3.09%.

Standard BioTools Inc (LAB) Insider Activity

The most recent transaction is an insider purchase by Casdin Partners Master Fund, L,the company’sDirector. SEC filings show that Casdin Partners Master Fund, L bought 1,403 shares of the company’s common stock on Mar 05 ’24 at a price of $2.62 per share for a total of $3669.0. Following the purchase, the insider now owns 11.5 million shares.

Standard BioTools Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Casdin Partners Master Fund, L (Director) bought a total of 250,000 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $2.57 per share for $0.64 million. Following the transaction, the insider now directly holds 11.5 million shares of the LAB stock.

Still, SEC filings show that on May 19 ’23, Casdin Eli (Director) acquired 800,000 shares at an average price of $2.29 for $1.84 million. The insider now directly holds 1,200,000 shares of Standard BioTools Inc (LAB).

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