Qiagen NV (QGEN) Looks Ready for Growth Despite -10.72% Change This Year

Qiagen NV (NYSE: QGEN) is -10.72% lower on its value in year-to-date trading and has touched a low of $37.63 and a high of $47.92 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 QGEN stock was last observed hovering at around $39.88 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $39.75, the stock is 0.90% and -7.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -0.33% at the moment leaves the stock -8.64% off its SMA200. QGEN registered -9.54% loss for a year compared to 6-month loss of -9.97%.

The stock witnessed a -9.25% gain in the last 1 month and extending the period to 3 months gives it a -8.16%, and is 3.52% 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 1.87% over the week and 1.78% over the month.

Qiagen NV (QGEN) has around 5967 employees, a market worth around $8.65B and $1.98B in sales. Current P/E ratio is 107.00 and Fwd P/E is 16.11. Profit margin for the company is 4.23%. Distance from 52-week low is 5.63% and -17.05% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).

The EPS is expected to grow by 1.31% this year.

Qiagen NV (QGEN) Top Institutional Holders

The shares outstanding are 216.12M, and float is at 215.96M with Short Float at 1.46%.

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 10.1591% 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.