Critical Analysis: Singular Genomics Systems (OMIC) versus Its Rivals

Singular Genomics Systems (NASDAQ:OMICGet Rating) is one of 42 public companies in the “Analytical instruments” industry, but how does it compare to its peers? We will compare Singular Genomics Systems to related businesses based on the strength of its dividends, risk, earnings, profitability, analyst recommendations, valuation and institutional ownership.

Profitability

This table compares Singular Genomics Systems and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Singular Genomics Systems N/A -21.29% -20.12%
Singular Genomics Systems Competitors -232.13% 7.12% -11.00%

Earnings and Valuation

This table compares Singular Genomics Systems and its peers revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Singular Genomics Systems N/A -$98.77 million -1.54
Singular Genomics Systems Competitors $1.19 billion $356.47 million -19.74

Singular Genomics Systems’ peers have higher revenue and earnings than Singular Genomics Systems. Singular Genomics Systems is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Institutional & Insider Ownership

59.2% of Singular Genomics Systems shares are owned by institutional investors. Comparatively, 60.0% of shares of all “Analytical instruments” companies are owned by institutional investors. 22.6% of Singular Genomics Systems shares are owned by insiders. Comparatively, 13.4% of shares of all “Analytical instruments” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Singular Genomics Systems and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Singular Genomics Systems 0 0 5 0 3.00
Singular Genomics Systems Competitors 321 1323 1824 58 2.46

Singular Genomics Systems currently has a consensus target price of $21.75, indicating a potential upside of 601.61%. As a group, “Analytical instruments” companies have a potential upside of 33.30%. Given Singular Genomics Systems’ stronger consensus rating and higher possible upside, research analysts clearly believe Singular Genomics Systems is more favorable than its peers.

Singular Genomics Systems Company Profile (Get Rating)

Singular Genomics Systems, Inc., a life science technology company, develops next generation sequencing and multiomics technology to build products for researchers and clinicians to advance science and medicine. The company manufactures G4 Instrument, a benchtop next generation sequencer to produce genetic sequencing results, as well as associated menu of consumable kits. It also offers PX Integrated Solution that combines single cell analysis, spatial analysis, genomics, and proteomics in one integrated instrument providing a versatile multiomics solution. The company has partnerships with Agilent Technologies, Dovetail Genomics, Lexogen, New England Biolab, QIAGEN, Roche, Twist Bioscience, and Watchmaker Genomics to validate their library preparation kits on the G4, as well as the Broad Institute of MIT and Harvard to connect the G4 to Terra platform, a data platform. Singular Genomics Systems, Inc. was incorporated in 2016 and is headquartered in La Jolla, California.

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