Qiagen NV (QGEN) Stock Could Soon Reward Patient Investors

Qiagen NV (NYSE: QGEN) is 1.14% higher on its value in year-to-date trading and has touched a low of $34.74 and a high of $47.44 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 QGEN stock was last observed hovering at around $43.28 in the last trading session, with the day’s gains setting it 0.64%.

Currently trading at $43.92, the stock is -1.59% and -2.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 1.48% at the moment leaves the stock 0.67% off its SMA200. QGEN registered 9.82% gain for a year compared to 6-month gain of 9.31%. The firm has a 50-day simple moving average (SMA 50) of $45.2706 and a 200-day simple moving average (SMA200) of $43.62945.

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The stock witnessed a -3.62% loss in the last 1 month and extending the period to 3 months gives it a 5.07%, and is 0.80% 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 1.36% over the week and 1.41% over the month.

Qiagen NV (QGEN) has around 5967 employees, a market worth around $9.74B and $1.94B in sales. Current P/E ratio is 139.96 and Fwd P/E is 19.19. Profit margin for the company is 3.75%. Distance from 52-week low is 26.44% and -7.42% from its 52-week high. The company has generated returns on investments over the last 12 months (1.69%).

with sales reaching $491.74M over the same period.The EPS is expected to grow by 2.69% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to grow 3.30% in year-over-year returns.

Qiagen NV (QGEN) Top Institutional Holders

The shares outstanding are 226.45M, and float is at 221.24M with Short Float at 1.81%.

The top institutional shareholder in the company is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with over 23.2 million shares valued at $953.14 million. The investor’s holdings represent 10.4494% of the QGEN Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 11.96 million shares valued at $493.43 million to account for 5.3867 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 8.85 million shares representing 3.9882% and valued at over $363.79 million, while BLACKROCK INC. holds 3.436 of the shares totaling 7.63 million with a market value of $313.42 million.