Take off with GeneDx Holdings Corp (WGS): Get ready for trading

With 1.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.88 million shares. The 52-week range on WGS shows that it touched its highest point at $113.92 and its lowest point at $4.61 during that stretch. It currently has a 1-year price target of $107.33. Beta for the stock currently stands at 2.09.

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 WGS was up-trending over the past week, with a rise of 64.17%, but this was up by 60.20% over a month. Three-month performance surged to 50.97% while six-month performance rose 221.98%. The stock gained 2401.35% in the past year, while it has gained 44.82% so far this year. A look at the trailing 12-month EPS for WGS yields 2.87 with Next year EPS estimates of 1.89. For the next quarter, that number is 0.08. This implies an EPS growth rate of 248.68% for this year and 112.75% for next year. EPS is expected to grow by 119.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 96.65%.

Float and Shares Shorts:

At present, 27.47 million WGS shares are outstanding with a float of 22.58 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 WGS since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 -$0.25669 being high and -$0.2736 being low. For WGS, this leads to a yearly average estimate of -$0.2657. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.2.