Personalis, Inc. (NASDAQ:PSNL) is one of the worst performers on the stock market today. At current price of $17.52, the shares have already lost -2.19 points (-11.09% lower) from its previous close of $19.71. Should you buy or avoid them? The stock sets an active trading volume day with a reported 239469 contracts so far this session. PSNL shares had a relatively better volume day versus average trading capacity of 621.48 thousand shares, but with a 27.74 million float and a 29.42% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for PSNL stock indicates that the average analyst price target is $28 per share. This means the stock has a potential increase of 59.82% from where the PSNL share price has been trading recently which is between $19.1 and $19.97. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $27.
The shorts are climbing into Personalis, Inc. (PSNL) stock. The latest set of short interest data was released on 31 July 2019, and the numbers show a rise in short interest in PSNL shares. While short interest still represents only 0.4% of PSNL’s float, the number of shares shorted have risen by 49180. The number of shares shorted advanced to 428815 shares, up from 379635 shares during the preceding fortnight. With average daily trading volumes at 395176 shares, days to cover increased to about 1 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Personalis Reports Second Quarter 2019 Financial Results” and dated August 13, 2019.
Looking at the current readings for Personalis, Inc., the two-week RSI stands at 0. This figure suggests that PSNL stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current PSNL readings is similarly very revealing as it has a stochastic reading of 61.96% at this stage. This figure means that PSNL share price today is being neutral.
Technical chart claims that Personalis, Inc. (PSNL) would settle between $20.09/share to $20.46/share level. However, if the stock price goes below the $19.22 mark, then the market for Personalis, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $18.72 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.58. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Oppenheimer, assumed coverage of PSNL assigning Outperform rating, according to their opinion released on July 15. Morgan Stanley, analysts launched coverage of Personalis, Inc. (NASDAQ:PSNL) stock with a Overweight recommendation, according to their flash note issued to investors on July 15. Analysts at Cowen, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to July 15.
PSNL equity has an average rating of 2, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Personalis, Inc. (NASDAQ:PSNL) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, PSNL stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 11.09 while for the average stock in the same group, the multiple is 42.65.