Illumina Inc. (NASDAQ:ILMN) traded today at a new 52-week high of $451.00. This new high was reached on below average trading volume as 311,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates revenue from sequencing tools and dedicated consumables (73% of 2019 sales). Illumina’s high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays (10% of sales) that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications. Services account for 17% of sales and include basic maintenance services, clinical lab applications (such as noninvasive prenatal, oncology, and rare-disease screening), and whole genome sequencing.
Potential upside of 49.9% exists for Illumina Inc., based on a current level of $439.87 and analysts’ average consensus price target of $659.48.
In the past 52 weeks, shares of Illumina Inc. have traded between a low of $196.78 and a high of $451.00 and is now at $439.87, which is 124% above that low price.
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