NASDAQ:LAB

Standard BioTools (LAB) Stock Price, News & Analysis

$2.51
-0.02 (-0.79%)
(As of 05/3/2024 ET)
Today's Range
$2.49
$2.62
50-Day Range
$2.25
$2.92
52-Week Range
$1.46
$3.16
Volume
1.61 million shs
Average Volume
3.11 million shs
Market Capitalization
$728.20 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.58

Standard BioTools MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.8% Upside
$3.58 Price Target
Short Interest
Bearish
3.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$642,500 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.47) to ($0.32) 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.

2.62 out of 5 stars

Medical Sector

431st out of 904 stocks

Analytical Instruments Industry

13th out of 29 stocks

LAB stock logo

About Standard BioTools Stock (NASDAQ:LAB)

Standard BioTools Inc., together with its subsidiaries, provides instruments, consumables, reagents, and software services for researchers and clinical laboratories in the Americas, Europe, the Middle East, Africa, and the Asia pacific. It operates through two segments: Proteomics and Genomics. The company offers analytical systems, such as CyTOF XT System, a CyTOF XT mass cytometry system performs automated high-parameter single-cell analysis using antibodies conjugated to metal isotopes; and Hyperion XTi imaging system, a spatial biology instrument. It also provides genomics, such as X9 Real-Time PCR System, a real-time PCR analytical instrument including pre-processing steps for microfluidics-based workflows using (integrated fluidic circuit) IFCs; and IFC Controllers, a controller which is designed to work with IFC formats. In addition, the company offers analytical instruments comprising Biomark HD system, a real-time PCR analytical instrument for microfluidics-based workflows using prepared IFCs. It sells its products to academic research institutions; translational research and medicine centers; cancer centers; clinical research laboratories; biopharmaceutical, biotechnology, and plant and animal research companies; and contract research organizations. It has license agreements with California Institute of Technology, Harvard University, and Caliper Life Sciences, Inc. The company was formerly known as Fluidigm Corporation and changed its name to Standard BioTools Inc. in April 2022. Fluidigm Corporation was incorporated in 1999 and is headquartered in South San Francisco, California.

LAB Stock Price History

LAB Stock News Headlines

Stock-Picking AI Predicts #1 Stock of 2024
Since the start of the year, the top 10 investment funds in the world – including Vanguard, Blackrock, Fidelity and JP Morgan – have made nearly $1 trillion in profits on these 7 stocks.
Stock-Picking AI Predicts #1 Stock of 2024
Since the start of the year, the top 10 investment funds in the world – including Vanguard, Blackrock, Fidelity and JP Morgan – have made nearly $1 trillion in profits on these 7 stocks.
Q4 2023 Standard BioTools Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/05/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Analytical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:LAB
Employees
534
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.58
High Stock Price Target
$4.00
Low Stock Price Target
$3.25
Potential Upside/Downside
+42.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-74,660,000.00
Pretax Margin
-69.78%

Debt

Sales & Book Value

Annual Sales
$106.34 million
Book Value
($1.85) per share

Miscellaneous

Free Float
136,065,000
Market Cap
$728.20 million
Optionable
Optionable
Beta
1.64
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LAB Stock Analysis - Frequently Asked Questions

Should I buy or sell Standard BioTools stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Standard BioTools in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LAB shares.
View LAB analyst ratings
or view top-rated stocks.

What is Standard BioTools' stock price target for 2024?

3 brokerages have issued 12 month price targets for Standard BioTools' shares. Their LAB share price targets range from $3.25 to $4.00. On average, they anticipate the company's stock price to reach $3.58 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price.
View analysts price targets for LAB
or view top-rated stocks among Wall Street analysts.

How have LAB shares performed in 2024?

Standard BioTools' stock was trading at $2.21 at the beginning of the year. Since then, LAB stock has increased by 13.6% and is now trading at $2.51.
View the best growth stocks for 2024 here
.

Are investors shorting Standard BioTools?

Standard BioTools saw a increase in short interest in March. As of March 31st, there was short interest totaling 10,230,000 shares, an increase of 10.5% from the March 15th total of 9,260,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 2.7% of the shares of the stock are sold short.
View Standard BioTools' Short Interest
.

When is Standard BioTools' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our LAB earnings forecast
.

How can I listen to Standard BioTools' earnings call?

Standard BioTools will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Standard BioTools' earnings last quarter?

Standard BioTools Inc. (NASDAQ:LAB) posted its earnings results on Wednesday, February, 28th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The firm earned $28.19 million during the quarter, compared to analysts' expectations of $28 million.

What ETFs hold Standard BioTools' stock?

ETFs with the largest weight of Standard BioTools (NASDAQ:LAB) stock in their portfolio include ARK Genomic Revolution ETF (ARKG).Invesco Nasdaq Future Gen 200 ETF (QQQS).

What guidance has Standard BioTools issued on next quarter's earnings?

Standard BioTools updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200.0 million-$205.0 million.

Who are Standard BioTools' major shareholders?

Standard BioTools' stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (3.05%), Nikko Asset Management Americas Inc. (3.05%), Assenagon Asset Management S.A. (0.20%), Zweig DiMenna Associates LLC (0.17%), Bradley & Co. Private Wealth Management LLC (0.15%) and Schoolcraft Capital LLC (0.03%). Insiders that own company stock include Caligan Partners Lp, Casdin Partners Master Fund, L, Eli Casdin and Jeffrey G Black.
View institutional ownership trends
.

How do I buy shares of Standard BioTools?

Shares of LAB 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:LAB) was last updated on 5/5/2024 by MarketBeat.com Staff

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