Singular Genomics Systems (OMIC) and The Competition Critical Analysis

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

Analyst Recommendations

This is a summary of current recommendations for Singular Genomics Systems and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Singular Genomics Systems 0 0 5 0 3.00
Singular Genomics Systems Competitors 323 1330 1827 58 2.46

Singular Genomics Systems presently has a consensus target price of $21.75, suggesting a potential upside of 603.88%. As a group, “Analytical instruments” companies have a potential upside of 26.03%. Given Singular Genomics Systems’ stronger consensus rating and higher possible upside, research analysts clearly believe Singular Genomics Systems is more favorable than its competitors.

Profitability

This table compares Singular Genomics Systems and its competitors’ 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 -232.11% 7.13% -10.99%

Earnings & Valuation

This table compares Singular Genomics Systems and its competitors gross 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 -26.65

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

Insider and Institutional Ownership

59.2% of Singular Genomics Systems shares are held by institutional investors. Comparatively, 61.9% of shares of all “Analytical instruments” companies are held by institutional investors. 22.6% of Singular Genomics Systems shares are held by company insiders. Comparatively, 13.0% of shares of all “Analytical instruments” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Singular Genomics Systems competitors beat Singular Genomics Systems on 6 of the 11 factors compared.

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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