With 159.00M Outstanding Shares, Can Illumina Inc (NASDAQ: ILMN) Deliver Big Short-Term Gains?

Illumina Inc (NASDAQ:ILMN) currently has a daily average trading volume of 1.77M but it saw 1620968 shares traded in last market. With a market cap of 21.07B USD, the company’s current market price of $132.27 came rising about 4.85 while comparing to the previous closing price of $126.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $144.02 and as low as $86.49. In the recent trading on the day, stock has struck highest price mark of $127.755 while lowest mark touched by it was $132.37.

Taking a look at 20-day trading activity of Illumina Inc (ILMN) gives us an average price of $128.94, while its current price level is -8.16% below from 52-week high level whereas it is 52.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $125.73 while that of 200 days or SMA-200 reads an average of $125.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.78% during that period while stretching the period over a month that increases to 3.03%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.69 which implies that the stock is in neutral territory.

Daiwa Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 16, 2024 while assigning a price target range of $120-$154. TD Cowen also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $126 and $144.

Over the week, ILMN’s stock price is moving -1.58% down while it is 1.05% when we observe its performance for the past one month. Year-to-date it is -2.25% down and over the past year, the stock is showing an upside performance of 5.58%.

Currently, Illumina Inc’s total number of outstanding shares is 159.00M. Company’s return on investment (ROI) stands at -85.94% and return on equity (ROE) at -76.19%. It has a 30.76 of forward P/E ratio. Stock’s beta reads 1.15. Stock has a price to book (P/B) ratio of 14.65 while price to sale or P/S ratio amounts to 4.76. Its return on asset (ROA) is -34.10% on average.