Nierenberg Investment Management has recently announced that it has increased stake in PhenomeX Inc. (NASDAQ:CELL) by 30.32%. After grabbing 4.11 million shares, the institutional investor is now in possession of 0.96 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 4.26% having worth around $4.81 million. Moreover, BlackRock Fund Advisors increased its share by 0.13 million to have a control over 3.79 million shares. And The Vanguard Group, Inc. raised its holdings to 0.22 million shares by acquiring 3.7 million shares or 3.83% of the stake.
PhenomeX Inc. (CELL) concluded trading on 05/25/23 at a closing price of $0.70, with 1.05 million shares of worth about $0.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -74.84% during that period and on Thursday the price saw a loss of about -6.48%. Currently the company’s common shares owned by public are about 75.76M shares, out of which, 58.15M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the CELL stock and their offered price forecasts bring an average price target of $5.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $3.00. The stock’s current price level is 87.65% above of average price target set by the analysts, while a rise to estimated low would result in gain of 76.67% for the stock. However, touching the estimated high of $9.00 would mean a gain of 92.22% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 33 times over the past 12 months. They bought 1,168,021 shares in 6 of the transactions. In 27 selling transactions, insiders dumped 179,412 shares.
Vanguard Total Stock Market ETF, Swedbank Robur Globalfond, and ARK Genomic Revolution ETF are the top 3 mutual funds which are holding stakes in PhenomeX Inc. Vanguard Total Stock Market ETF is currently holding 2.5 million shares of worth totaling $2.92 million. The company recently came buying 0.0 shares which brought its stake up to 2.59% of the company’s outstanding shares. ARK Genomic Revolution ETF, after buying 2.2 million shares, have now control over 2.28% of the stake in the company. It holds 0.0 shares of worth $2.58 million.
PhenomeX Inc. (NASDAQ: CELL) started trading at $0.7659, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 0.8060, or with a loss of -6.48%. Stock saw a price change of -15.50% in past 5 days and over the past one month there was a price change of -38.20%. Year-to-date (YTD), CELL shares are showing a performance of -73.71% which decreased to -83.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.74 but also hit the highest price of $6.11 during that period. The average intraday trading volume for PhenomeX Inc. shares is 621.07K. The stock is currently trading -22.47% below its 20-day simple moving average (SMA20), while that difference is down -31.58% for SMA50 and it goes to -69.40% lower than SMA200.
Nierenberg Investment Management acquired 4.11 million shares of PhenomeX Inc. having value of about $4.81 million. Data submitted at the U.S SEC by Nierenberg Investment Management revealed that the firm now holds 0.96 million shares in the company valued at close to $670111.4, or have control over 30.32% stake in the company. PhenomeX Inc. (NASDAQ: CELL) currently have 75.76M outstanding shares and institutions hold larger chunk of about 72.20% of that. Holding of mutual funds in the company is about 30.17% while other institutional holders and individual stake holders have control over 30.57% and 19.58% of the stake respectively.
The stock has a current market capitalization of $68.22M. It has posted earnings per share of -$1.41 in the same period. It has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CELL, volatility over the week remained 15.14% while standing at 12.54% over the month.
Analysts are in expectations that PhenomeX Inc. (CELL) stock would likely to be making an EPS of -$0.3 in the current quarter, while forecast for next quarter EPS is -$0.26 and it is -$0.57 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.38 which is -$0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -32.40% while it is estimated to increase by 43.70% in next year.
Analysts at 7 brokerage firms have issued recommendations for the PhenomeX Inc. (CELL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 7 Wall Street analysts, 2 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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