WGS Stock Summary and Trading Ideas (Genedx Hldgs | NASDAQ:WGS)

GeneDx Holdings Corp delivers personalized and actionable health insights to inform diagnosis, direct treatment and improve drug discovery. The company is uniquely positioned to accelerate the use of genomic and large-scale clinical information to enable precision medicine as the standard of care. GeneDx is at the forefront of transforming healthcare through its various exome and genome testing and interpretation, fueled by one of the world's substantial rare disease data sets. It has two segments GeneDx, which derives maximum revenue and Legacy Sema4 diagnostics.

Genedx Hldgs trades on the NASDAQ stock market under the symbol WGS.

As of April 16, 2024, WGS stock price declined to $9.59 with 67,542 million shares trading.

WGS has a beta of 0.52, meaning it tends to be less sensitive to market movements. WGS has a correlation of 0.00 to the broad based SPY ETF.

WGS has a market cap of $249.85 million. This is considered a Small Cap stock.

Last quarter Genedx Hldgs reported $57 million in Revenue and -$.69 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.06.

The top ETF exchange traded funds that WGS belongs to (by Net Assets): VTI, VXF, AVSC.

WGS stock has underperformed the market in the last year with a return of +0.6%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WGS shares. However, WGS has outperformed the market in the last 3 month and 2 week periods, returning +162.0% and +6.2%, while SPY returned +6.4% and -3.2%, respectively. This indicates WGS has been having a stronger performance recently.

WGS support price is $9.07 and resistance is $10.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WGS stock will trade within this expected range on the day.