With 2.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.55 million shares. The 52-week range on ILMN shows that it touched its highest point at $156.66 and its lowest point at $80.18 during that stretch. It currently has a 1-year price target of $137.48. Beta for the stock currently stands at 1.37.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ILMN was up-trending over the past week, with a rise of 2.10%, but this was down by -29.99% over a month. Three-month performance dropped to -39.67% while six-month performance fell -33.75%. The stock lost -34.54% in the past year, while it has lost -35.67% so far this year. A look at the trailing 12-month EPS for ILMN yields -7.72 with Next year EPS estimates of 5.16. For the next quarter, that number is 0.95. This implies an EPS growth rate of 8.58% for this year and 14.22% for next year.
Float and Shares Shorts:
At present, 159.00 million ILMN shares are outstanding with a float of 157.62 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ILMN since 17 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.32987 being high and $4.11029 being low. For ILMN, this leads to a yearly average estimate of $4.13029. Based on analyst estimates, the high estimate for the next quarter is $1.2 and the low estimate is $1.01. The average estimate for the next quarter is thus $1.11.
