Standard BioTools Inc (NASDAQ:LAB) shares traded 4.26% higher at $1.96 on Wall Street last session.
LAB stock price is now 1.81% away from the 50-day moving average and -12.01% away from the 200-day moving average. The market capitalization of the company currently stands at $727.46M.
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With the price target of $3.50, TD Cowen recently initiated with Buy rating for Standard BioTools Inc (NASDAQ: LAB). On April 04, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $3.25, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Taich Adam, Former Officer bought 45,851 shares of the company’s stock on Sep 09 ’24. The stock was bought for $91,725 at an average price of $2.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Director Casdin Partners Master Fund, L bought 250,000 shares of the business’s stock. A total of $546,750 was incurred on buying the stock at an average price of $2.19. This leaves the insider owning 54,025,821 shares of the company worth $105.89 million. A total of 3.24% of the company’s stock is owned by insiders.
During the past 12 months, Standard BioTools Inc has had a low of $1.21 and a high of $3.04. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 3.88, and a quick ratio of 3.53. The fifty day moving average price for LAB is $1.9252 and a two-hundred day moving average price translates $2.2275 for the stock.
The latest earnings results from Standard BioTools Inc (NASDAQ: LAB) was released for 2021-12-31. The net profit margin was -120.81% and return on equity was -59.79% for LAB. The company reported revenue of $37.2 million for the quarter, compared to $27.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.48 percent.
