Standard BioTools Inc (NASDAQ: LAB) is -28.51% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $3.04 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 LAB stock was last observed hovering at around $1.70 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $1.58, the stock is -17.69% and -17.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing -7.06% at the moment leaves the stock -28.50% off its SMA200. LAB registered -28.18% loss for a year compared to 6-month loss of -38.52%. The firm has a 50-day simple moving average (SMA 50) of $1.9182 and a 200-day simple moving average (SMA200) of $2.20985.
The stock witnessed a -12.22% gain in the last 1 month and extending the period to 3 months gives it a -17.28%, and is -26.51% 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 9.94% over the week and 7.79% over the month.
Standard BioTools Inc (LAB) has around 539 employees, a market worth around $546.65M and $155.90M in sales. Profit margin for the company is -109.43%. Distance from 52-week low is 30.58% and -48.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.95%).
The EPS is expected to grow by 62.06% this year.
Standard BioTools Inc (LAB) Top Institutional Holders
188.0 institutions hold shares in Standard BioTools Inc (LAB), with institutional investors hold 74.78% of the company’s shares. The shares outstanding are 372.26M, and float is at 360.19M with Short Float at 5.43%. Institutions hold 73.32% of the Float.
The top institutional shareholder in the company is CASDIN CAPITAL, LLC with over 63.96 million shares valued at $113.21 million. The investor’s holdings represent 17.1782% of the LAB Shares outstanding. As of 2024-06-30, the second largest holder is VIKING GLOBAL INVESTORS LP with 58.65 million shares valued at $103.81 million to account for 15.7524 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 21.75 million shares representing 5.8424% and valued at over $38.5 million, while VANGUARD GROUP INC holds 4.2981 of the shares totaling 16.0 million with a market value of $28.33 million.
Standard BioTools Inc (LAB) Insider Activity
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Still, SEC filings show that on Aug 27 ’24, Casdin Partners Master Fund, L (Director) acquired 250,000 shares at an average price of $2.19 for $0.55 million. The insider now directly holds 54,025,821 shares of Standard BioTools Inc (LAB).
