Illumina Inc (NASDAQ: ILMN): Think Like A Lender, Not An Investor

Illumina Inc (NASDAQ:ILMN) currently has a daily average trading volume of 1.75M but it saw 1530838 shares traded in last market. With a market cap of 22.92B USD, the company’s current market price of $143.89 came falling about -2.52 while comparing to the previous closing price of $147.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $151.40 and as low as $86.49. In the recent trading on the day, stock has struck highest price mark of $143.76 while lowest mark touched by it was $148.6136.

Taking a look at 20-day trading activity of Illumina Inc (ILMN) gives us an average price of $136.97, while its current price level is -4.96% below from 52-week high level whereas it is 66.36% 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 $131.74 while that of 200 days or SMA-200 reads an average of $126.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.01% during that period while stretching the period over a month that decreases to 3.76%. 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 60.87 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 2.78% up while it is 10.51% when we observe its performance for the past one month. Year-to-date it is 6.33% up and over the past year, the stock is showing an upside performance of 12.70%.

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 32.66 of forward P/E ratio. Stock’s beta reads 1.15. Stock has a price to book (P/B) ratio of 15.93 while price to sale or P/S ratio amounts to 5.18. Its return on asset (ROA) is -34.10% on average.