10x Genomics (TXG) Stock Price, News & Analysis

$26.92
-2.36 (-8.06%)
(As of 05/1/2024 ET)
Today's Range
$24.60
$27.49
50-Day Range
$26.90
$47.16
52-Week Range
$24.60
$63.57
Volume
6.51 million shs
Average Volume
1.68 million shs
Market Capitalization
$3.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$48.50

10x Genomics MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
80.2% Upside
$48.50 Price Target
Short Interest
Bearish
7.44% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.73
Upright™ Environmental Score
News Sentiment
-0.07mentions of 10x Genomics in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$592,806 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.47) to ($0.78) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Medical Sector

102nd out of 926 stocks

Analytical Instruments Industry

4th out of 26 stocks

TXG stock logo

About 10x Genomics Stock (NASDAQ:TXG)

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. Its single cell solutions runs on its chromium instruments, which include single cell gene expression for measuring gene activity and networks on a cell-by-cell basis; single cell gene expression flex; single cell immune profiling used to study the immune system; single cell Assay for Transposase Accessible Chromati (ATAC) solution to understand the epigenetic state; and single cell multiome ATAC + gene expression which enables simultaneous interrogation of both the RNA and chromatin accessibility, using ATAC in a single cell. The company also provides Visium platform which enables researchers to understand the spatial positions of biological analytes within tissues at high resolution; and Xenium platform for in situ analysis. It serves various academic, government, biopharmaceutical, biotechnology, and other institutions. The company was formerly known as 10X Technologies, Inc. and changed its name to 10x Genomics, Inc. in November 2014. 10x Genomics, Inc. was incorporated in 2012 and is headquartered in Pleasanton, California.

TXG Stock Price History

TXG Stock News Headlines

A.I. is a Tidal Wave - Here’s What to Buy
The internet generated more wealth than any other innovation in history - creating hundreds of thousands of new millionaires in America alone. Now A.I. could do the same. But if you're buying Microsoft or NVIDIA to profit - you're missing the big picture.
10x Genomics: Q1 Earnings Snapshot
A.I. is a Tidal Wave - Here’s What to Buy
The internet generated more wealth than any other innovation in history - creating hundreds of thousands of new millionaires in America alone. Now A.I. could do the same. But if you're buying Microsoft or NVIDIA to profit - you're missing the big picture.
10x Genomics (NASDAQ:TXG) Sets New 1-Year Low at $26.48
10x Genomics (TXG) Set to Announce Earnings on Tuesday
First Week of TXG June 21st Options Trading
10x Genomics, Inc. (TXG)
TXG Nov 2024 40.000 put
TXG Aug 2024 60.000 call
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/02/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Analytical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:TXG
Fax
N/A
Employees
1,259
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$48.50
High Stock Price Target
$75.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+115.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
12 Analysts

Profitability

Net Income
$-255,100,000.00
Pretax Margin
-40.21%

Debt

Sales & Book Value

Annual Sales
$618.73 million
Book Value
$6.22 per share

Miscellaneous

Free Float
106,476,000
Market Cap
$3.21 billion
Optionable
Optionable
Beta
1.90
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Key Executives

  • Dr. Serge Saxonov Ph.D. (Age 47)
    Co-Founder, CEO & Director
    Comp: $837.68k
  • Dr. Benjamin J. Hindson Ph.D. (Age 49)
    Co-Founder, President, Chief Scientific Officer & Director
    Comp: $615.96k
  • Mr. Justin J. McAnearMr. Justin J. McAnear (Age 48)
    Chief Financial Officer
    Comp: $535.91k
  • Mr. Eric S. Whitaker Esq. (Age 57)
    Chief Legal Officer
    Comp: $558.97k
  • Mr. Michael Schnall-Levin
    Founding Scientist & CTO
  • Ms. Cassie Corneau
    Manager of Investor Relations and Strategic Finance
  • Ms. Rebecca Port
    Chief People Officer

TXG Stock Analysis - Frequently Asked Questions

Should I buy or sell 10x Genomics stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 10x Genomics in the last year. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TXG shares.
View TXG analyst ratings
or view top-rated stocks.

What is 10x Genomics' stock price target for 2024?

12 brokers have issued 12 month price objectives for 10x Genomics' shares. Their TXG share price targets range from $26.00 to $75.00. On average, they expect the company's share price to reach $48.50 in the next twelve months. This suggests a possible upside of 80.2% from the stock's current price.
View analysts price targets for TXG
or view top-rated stocks among Wall Street analysts.

How have TXG shares performed in 2024?

10x Genomics' stock was trading at $55.96 at the beginning of 2024. Since then, TXG stock has decreased by 51.9% and is now trading at $26.92.
View the best growth stocks for 2024 here
.

When is 10x Genomics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our TXG earnings forecast
.

How were 10x Genomics' earnings last quarter?

10x Genomics, Inc. (NASDAQ:TXG) issued its quarterly earnings data on Tuesday, April, 30th. The company reported ($0.50) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.50). The company earned $141.01 million during the quarter, compared to analysts' expectations of $142.24 million. 10x Genomics had a negative net margin of 42.20% and a negative trailing twelve-month return on equity of 30.43%. 10x Genomics's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.44) earnings per share.

What guidance has 10x Genomics issued on next quarter's earnings?

10x Genomics issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $670.0 million-$690.0 million, compared to the consensus revenue estimate of $677.8 million.

What is Serge Saxonov's approval rating as 10x Genomics' CEO?

25 employees have rated 10x Genomics Chief Executive Officer Serge Saxonov on Glassdoor.com. Serge Saxonov has an approval rating of 100% among the company's employees. This puts Serge Saxonov in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When did 10x Genomics IPO?

10x Genomics (TXG) raised $297 million in an IPO on Thursday, September 12th 2019. The company issued 9,000,000 shares at a price of $31.00-$35.00 per share. J.P. Morgan, Goldman Sachs and BofA Merrill Lynch acted as the underwriters for the IPO and Cowen was co-manager.

Who are 10x Genomics' major shareholders?

10x Genomics' stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (6.23%), Sumitomo Mitsui Trust Holdings Inc. (3.04%), Mirae Asset Global Investments Co. Ltd. (0.27%), Assenagon Asset Management S.A. (0.05%), Mirador Capital Partners LP (0.02%) and Principal Financial Group Inc. (0.02%). Insiders that own company stock include Benjamin J Hindson, Benjamin J Hindson, Bradford Crutchfield, James Wilbur, John R Stuelpnagel, John R Stuelpnagel, Justin J Mcanear, Justin J Mcanear, Mathai Mammen, Serge Saxonov and Sridhar Kosaraju.
View institutional ownership trends
.

How do I buy shares of 10x Genomics?

Shares of TXG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TXG) was last updated on 5/2/2024 by MarketBeat.com Staff

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