Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Illumina Inc before investing.

In this article, we go over a few key elements for understanding Illumina Inc’s stock price such as:

• Illumina Inc’s current stock price and volume
• Why Illumina Inc’s stock price changed recently
• Upgrades and downgrades for ILMN from analysts
• ILMN’s stock price momentum as measured by its relative strength

About Illumina Inc (ILMN)

Before we jump into Illumina Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Illumina, Inc. is a provider of sequencing and array-based solutions for genetic and genomic analysis. The Company operates through two segments: Core Illumina and GRAIL. Its Core Illumina segment offers products and services that serve customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. Its GRAIL segment is a healthcare company focused on early detection of multiple cancers. Its portfolio of integrated sequencing and microarray systems, consumables, and analysis tools is designed to accelerate and simplify genetic analysis. Its BaseSpace Informatics Suite integrates directly with its sequencing instruments, allowing customers to manage their biological sample and sequencing runs, process and analyze the raw genomic data, and derive results. Its BeadArray technology combines microscopic beads and a substrate in a proprietary manufacturing process to produce arrays that can perform various assays simultaneously.

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Illumina Inc’s Stock Price as of Market Close

As of March 12, 2024, 4:00 PM, CST, Illumina Inc’s stock price was $132.71.

Illumina Inc is down 4.57% from its previous closing price of $139.06.

During the last market session, Illumina Inc’s stock traded between $135.52 and $140.22. Currently, there are 158.00 million shares of Illumina Inc stock available for purchase.

Unfortunately, Illumina Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Illumina Inc Stock Price History

Illumina Inc’s (ILMN) price is currently down 5.09% so far this month.

During the month of March, Illumina Inc’s stock price has reached a high of $142.70 and a low of $132.62.

Over the last year, Illumina Inc has hit prices as high as $238.55 and as low as $89.00. Year to date, Illumina Inc’s stock is down 34.37%.

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What Caused Illumina Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 11, 2024, there were 9 analysts who downgraded Illumina Inc’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Illumina Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Illumina Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Illumina Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Illumina Inc (ILMN) by visiting AAII Stock Evaluator.

Relative Price Strength of Illumina Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 11, 2024, Illumina Inc has a weighted four-quarter relative price strength of -8.11%, which translates to a Momentum Score of 42 and is considered to be Average.

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Illumina Inc Stock Price: Bottom Line

As of March 12, 2024, Illumina Inc’s stock price is $132.71, which is down 4.57% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Illumina Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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