Illumina Inc (NASDAQ: ILMN) is 11.96% higher on its value in year-to-date trading and has touched a low of $86.49 and a high of $156.66 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 ILMN stock was last observed hovering at around $151.09 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $151.50, the stock is 2.84% and 9.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 0.27% at the moment leaves the stock 20.82% off its SMA200. ILMN registered 45.72% gain for a year compared to 6-month gain of 38.24%. The firm has a 50-day simple moving average (SMA 50) of $138.0944 and a 200-day simple moving average (SMA200) of $125.381165.
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The stock witnessed a 4.10% loss in the last 1 month and extending the period to 3 months gives it a 26.55%, and is -1.30% 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 4.07% over the week and 3.08% over the month.
Illumina Inc (ILMN) has around 12010 employees, a market worth around $23.40B and $4.39B in sales. Fwd P/E is 34.34. Profit margin for the company is -36.10%. Distance from 52-week low is 75.16% and -3.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.54%).
with sales reaching $1.07B over the same period.The EPS is expected to grow by 392.99% this year, but quarterly earnings will post -4.50% year-over-year. Quarterly sales are estimated to shrink -4.50% in year-over-year returns.
Illumina Inc (ILMN) Top Institutional Holders
1194.0 institutions hold shares in Illumina Inc (ILMN), with institutional investors hold 93.29% of the company’s shares. The shares outstanding are 159.00M, and float is at 157.78M with Short Float at 4.30%. Institutions hold 93.03% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.07 million shares valued at $1.89 billion. The investor’s holdings represent 11.3671% of the ILMN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.88 million shares valued at $1.66 billion to account for 9.9894 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 5.61 million shares representing 3.5253% and valued at over $585.07 million, while STATE STREET CORP holds 3.5202 of the shares totaling 5.6 million with a market value of $584.23 million.
Illumina Inc (ILMN) Insider Activity
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Still, SEC filings show that on Feb 22 ’24, Thaysen Jacob (Chief Executive Officer) acquired 7,330 shares at an average price of $135.29 for $0.99 million. The insider now directly holds 14,861 shares of Illumina Inc (ILMN).
