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Cancer Genetics Inc. (CGIX) saw downtrend of -9.15% in the recent trading with $5.36 being its most recent. The current price level -69.37% lower than the highest price of $17.50 marked by the stock while trading over the past 52-weeks, whereas it is 179.17% higher than the lowest price of $1.92 the company dropped to over past 52-weeks. The latest news story on CGIX appeared in GlobeNewswire under the title “Cancer Genetics Announces Closing of $17.5 Million Common Stock Offering Priced At-the-Market under Nasdaq Rules” on Feb-16-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -69.37% below one month high and is +53.58% above of the lowest during that time. Looking into the simple moving average, Cancer Genetics Inc. (CGIX)’s stock stands at a SMA-50 of $3.92 while that of 5-day is reading $6.14.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CGIX’s SMA-200 as of now is $3.52.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.

Cancer Genetics Inc. Earnings – What Happened With CGIX

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Cancer Genetics Inc. (CGIX) last released financial results for the quarter that ended 12/30/2018, posting a surprise factor of 12.50% for net revenue. During the reported three-month period, company’s sales were $1.57 billion while analysts on average were estimating the same to be $10.77 million.

CGIX – Cancer Genetics Inc. Stock Earnings Estimates

The perspective of Cancer Genetics Inc. (NASDAQ:CGIX)’s current quarter earnings identifies that analysts are in consensus over the estimate of -4.8 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -4.2.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 7.34 million. CGIX does have institutional investors; and they hold 5.20% of the stock.

Cancer Genetics Inc. – Insider Activity and Holdings

As on Dec 30, 2020, Renaissance Technologies, LLC was the top most holder in Cancer Genetics Inc. (NASDAQ:CGIX) with an ownership of 0.24 million shares of the company or 5.94% of the stake worth $0.67 million. The filing also reveals Blackrock Inc. as the second largest holder in the company with a control over 0.90% of the outstanding shares. Its stake is worth $0.1 million for having 36665.0 shares in hand.

Country Club Trust Company, N.A. also came holding a key position in the company during the recent quarter and it now holds 0.49% of the outstanding shares. With this there are now 16 institutions which have possession in CGIX’s shares.

Currently, the stock has been recommended as Hold by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Cancer Genetics Inc. was 1.03 while posting a debt to equity ratio of 0.04. The count was 5.00 for long-term debt to equity ratio.

Cancer Genetics Inc.’s return on equity, or ROE, is -76.50%, compared to the industry average of -46.05% for Healthcare – Biotechnology. Although this indicates that CGIX fails to use its equity well, the metric will vary significantly depending on the industry.

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