Exact Sciences Corp. (NASDAQ: EXAS) is -6.08% lower on its value in year-to-date trading and has touched a low of $40.62 and a high of $79.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EXAS stock was last observed hovering at around $71.93 in the last trading session, with the day’s loss setting it -2.45%.
Currently trading at $69.48, the stock is 0.92% and 7.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -3.41% at the moment leaves the stock 18.16% off its SMA200. EXAS registered 7.80% gain for a year compared to 6-month gain of 11.33%. The firm has a 50-day simple moving average (SMA 50) of $64.7312 and a 200-day simple moving average (SMA200) of $58.80185.
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The stock witnessed a -0.87% loss in the last 1 month and extending the period to 3 months gives it a 40.65%, and is -1.99% down 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 3.22% over the week and 3.20% over the month.
Exact Sciences Corp. (EXAS) has around 6600 employees, a market worth around $12.84B and $2.61B in sales. Fwd P/E is 462.71. Profit margin for the company is -6.70%. Distance from 52-week low is 71.03% and -12.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.07%).
with sales reaching $717.66M over the same period.The EPS is expected to grow by 17.60% this year, but quarterly earnings will post 13.30% year-over-year. Quarterly sales are estimated to grow 16.40% in year-over-year returns.
Exact Sciences Corp. (EXAS) Top Institutional Holders
823.0 institutions hold shares in Exact Sciences Corp. (EXAS), with institutional investors hold 105.71% of the company’s shares. The shares outstanding are 184.77M, and float is at 181.98M with Short Float at 7.71%. Institutions hold 104.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.18 million shares valued at $767.91 million. The investor’s holdings represent 9.9672% of the EXAS Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 16.5 million shares valued at $697.18 million to account for 9.0493 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 14.79 million shares representing 8.1099% and valued at over $624.81 million, while FMR LLC holds 7.4714 of the shares totaling 13.62 million with a market value of $575.62 million.
Exact Sciences Corp. (EXAS) Insider Activity
The most recent transaction is an insider sale by Baranick Brian, the company’s EVP, GM, Precision Oncology. SEC filings show that Baranick Brian sold 929 shares of the company’s common stock on Oct 08 ’24 at a price of $70.00 per share for a total of $65030.0. Following the sale, the insider now owns 12758.0 shares.
Still, SEC filings show that on Sep 18 ’24, Baranick Brian (EVP, GM, Precision Oncology) disposed off 929 shares at an average price of $70.00 for $65030.0. The insider now directly holds 13,687 shares of Exact Sciences Corp. (EXAS).
