With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.87 million shares. The 52-week range on IDXX shows that it touched its highest point at $530.60 and its lowest point at $356.14 during that stretch. It currently has a 1-year price target of $537.44. Beta for the stock currently stands at 1.54.
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 IDXX was down-trending over the past week, with a drop of -1.40%, but this was up by 18.33% over a month. Three-month performance surged to 11.50% while six-month performance rose 20.25%. The stock lost -4.76% in the past year, while it has gained 22.10% so far this year. A look at the trailing 12-month EPS for IDXX yields 10.82 with Next year EPS estimates of 13.65. For the next quarter, that number is 3.28. This implies an EPS growth rate of 13.90% for this year and 12.33% for next year. EPS is expected to grow by 13.28% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.90%.
Float and Shares Shorts:
At present, 80.74 million IDXX shares are outstanding with a float of 79.59 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 IDXX since 6 analysts follow the stock currently. There are 6 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 $10.52832 being high and $10.3882 being low. For IDXX, this leads to a yearly average estimate of $10.45826. Based on analyst estimates, the high estimate for the next quarter is $3.21 and the low estimate is $3.03. The average estimate for the next quarter is thus $3.1.
