Alert: Negative Investment/Fundamental Signals (11/10/23)-Illumina Inc (NASDAQ: ILMN)


Illumina Inc (NASDAQ: ILMN) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.

Significant negative changes in fundamentals have recently occurred for Illumina Inc (NASDAQ: ILMN): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

ILMN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Illumina has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Illumina has a slightly negative Appreciation Score of 40 and a very low Power Rating of 2, with the Lowest Value Trend Rating the result.

Recent Price Action

On 11/10/23, Illumina Inc (NASDAQ: ILMN) stock suffered a very large decline of -8.0%, closing at $98.37. Relative to the market the stock has been extremely weak over the last nine months and has declined -12.4% during the last week.

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