10x Genomics (NASDAQ:TXG – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.04, Briefing.com reports. The firm had revenue of $151.65 million for the quarter, compared to analyst estimates of $158.84 million. 10x Genomics had a negative net margin of 37.90% and a negative return on equity of 28.23%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.51) EPS. 10x Genomics updated its FY 2024 guidance to EPS.
10x Genomics Trading Up 5.9 %
10x Genomics stock traded up $0.93 during midday trading on Wednesday, hitting $16.72. The stock had a trading volume of 1,305,680 shares, compared to its average volume of 1,692,004. The stock has a market cap of $2.01 billion, a P/E ratio of -8.27 and a beta of 1.85. 10x Genomics has a 12 month low of $14.02 and a 12 month high of $57.90. The business has a fifty day moving average price of $20.25 and a 200 day moving average price of $21.52.
Insider Activity at 10x Genomics
In other news, CFO Justin J. Mcanear sold 2,961 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.53, for a total transaction of $66,711.33. Following the completion of the transaction, the chief financial officer now directly owns 143,242 shares in the company, valued at approximately $3,227,242.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other 10x Genomics news, CEO Serge Saxonov sold 6,749 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.53, for a total value of $152,054.97. Following the completion of the sale, the chief executive officer now directly owns 882,467 shares in the company, valued at $19,881,981.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Justin J. Mcanear sold 2,961 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.53, for a total value of $66,711.33. Following the completion of the sale, the chief financial officer now owns 143,242 shares of the company’s stock, valued at $3,227,242.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,061 shares of company stock valued at $316,794 over the last three months. 10.03% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on TXG
About 10x Genomics
10x Genomics, Inc, a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems in the America, Europe, the Middle East, Africa, China, and the Asia Pacific. The company provides chromium, chromium connect, and chromium controller instruments, microfluidic chips, slides, reagents, and other consumables products.
Further Reading
- Five stocks we like better than 10x Genomics
- Ride Out The Recession With These Dividend KingsĀ
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- 3 Healthcare Dividend Stocks to Buy
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for 10x Genomics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 10x Genomics and related companies with MarketBeat.com's FREE daily email newsletter.