GeneDx Holdings ( (WGS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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GeneDx Holdings Corp. recently announced preliminary financial results for the fourth quarter and full year of 2024, with revenues expected to surpass guidance, reaching at least $299 million for the year and $92 million for the fourth quarter. The company also projects strong adjusted gross margins. Despite these positive financial indicators and milestones in profitability and operational cash flow, the stock’s technical sentiment consensus still holds a ‘sell’ rating. This suggests mixed analyst opinions, which might explain the unusual downward movement in the stock price.
More about GeneDx Holdings
YTD Price Performance: 12.24%
Average Trading Volume: 634,095
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.46B
For further insights into WGS stock on TipRanks’ Stock Analysis page.
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