The QIAGEN N.V. (NYSE:QGEN) is going up by 1.16% in today’s trading session, a rise equivalent to 0.48% of the stock’s price from yesterday’s market close. A news came out on 11/20/19 stating that QIAGEN and LabCorp deepen relationship with widespread use of bioinformatics solutions by WSJ. The lowest point that the shares touched during the trading session was $40.77, while the peak of the day was recorded at a share price of $41.13. QGEN finished the previous session at $41.01 according to the data provided by Barchart, while the trading volume was observed to be $1073500.
In the 100 days of trading, QGEN managed to top a 34.32% Moving average. Additionally, QIAGEN N.V. shares have achieved a 52-week range between 25.04 and 41.66 alongside 100 days raw stochastic set at 98.34%.
The number of shares outstanding, according to the fundamentals of the company, is set at 226.52M, equal to the value of $9.29B in market capitalization. In the last 30 days, QIAGEN N.V. shares went down by -0.67%, adding 41.88 to growth in value, on top of a +48.68% boost since 10/22/19.
QIAGEN N.V. (NYSE:QGEN) Analyst’s Estimates
QIAGEN N.V. (QGEN) could record at least $0.44 per share in quarterly earnings in the upcoming report on 01/29/2020, a number that would actually represent an increase of 1.49 YOY.
According to the average analyst rating, QIAGEN N.V. would be rated as Overweight. Out of 20 different analysts monitoring QGEN stock, 9 analysts rate the stock as a BUY, 10 suggest to give the rating of HOLD, 0 indicate that QGEN is an OVERWEIGHT, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 15, 2019, the stock earned a Initiated rating due to a new analyst call from Stifel, while analysts from Kepler believe that the stock is set at Hold from Reduce, as concluded on November 14, 2019. JP Morgan, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on November 14, 2019.
Wolfe Research, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 17, 2019, giving the stock a Outperform from the Peer Perform rating.
QGEN Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +64.31% has been attained, while the operating margin has been recorded at +19.90%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 3.53%. Beta value of the stock is recorded at 0.87. Additionally, QIAGEN N.V. is recording price volatility of 3.05% for the period of the last seven days and 2.61% in the last 30 days.
QIAGEN N.V. (NYSE:QGEN) Technical Outlook
For the period of the last 50 days, QIAGEN N.V. had its Raw Stochastic average set at 98.34% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 97.88%. Stochastic %K for QIAGEN N.V., with the last 20 days included, was set at 95.45%, having Stochastic %D topping 94.97%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for QIAGEN N.V. stocks with recording 19.04% in metrics.
QIAGEN N.V. Insider Watch:
Similarly, 74.80% of the company’s float is held by institutions – and there are 527 institutions in total holding shares of this company. The top three institutional holders of QGEN stocks are: Primecap Management Company with ownership of $493.87 million, which is approximately 14979463 of the company’s shares; Massachusetts Financial Services Co., holding 12525258 shares of the stock with an approximate value of $412.96 million; and Wellington Management Company, LLP, currently with more than 9118015 shares of the company valued at $300.62 million. Positions in QIAGEN N.V. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.