10x Genomics Stock Beta
| TXG Stock | USD 15.30 0.99 6.92% |
10X Genomics fundamentals help investors to digest information that contributes to 10X Genomics' financial success or failures. It also enables traders to predict the movement of 10X Stock. The fundamental analysis module provides a way to measure 10X Genomics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 10X Genomics stock.
10X | Beta |
10X Genomics Company Beta Analysis
10X Genomics' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current 10X Genomics Beta | 1.87 |
Most of 10X Genomics' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, 10X Genomics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
10X Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for 10X Genomics is extremely important. It helps to project a fair market value of 10X Stock properly, considering its historical fundamentals such as Beta. Since 10X Genomics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of 10X Genomics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of 10X Genomics' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, 10X Genomics has a Beta of 1.873. This is 117.79% higher than that of the Life Sciences Tools & Services sector and significantly higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
10X Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 10X Genomics' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of 10X Genomics could also be used in its relative valuation, which is a method of valuing 10X Genomics by comparing valuation metrics of similar companies.10X Genomics is currently under evaluation in beta category among its peers.
10X Genomics Current Valuation Drivers
We derive many important indicators used in calculating different scores of 10X Genomics from analyzing 10X Genomics' financial statements. These drivers represent accounts that assess 10X Genomics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of 10X Genomics' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.0B | 14.3B | 16.4B | 4.1B | 6.6B | 5.2B | |
| Enterprise Value | 2.6B | 13.7B | 15.9B | 4.0B | 6.3B | 5.0B |
10X Genomics ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, 10X Genomics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 10X Genomics' managers, analysts, and investors.Environmental | Governance | Social |
10X Genomics Institutional Holders
Institutional Holdings refers to the ownership stake in 10X Genomics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of 10X Genomics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing 10X Genomics' value.| Shares | Venrock Management Vi Llc | 2024-09-30 | 2.1 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 1.9 M | Geode Capital Management, Llc | 2024-09-30 | 1.8 M | State Street Corp | 2024-06-30 | 1.6 M | Deerfield Management Co | 2024-09-30 | 1.5 M | Voloridge Investment Management, Llc | 2024-09-30 | 1.4 M | Millennium Management Llc | 2024-06-30 | 1.4 M | Point72 Asset Management, L.p. | 2024-09-30 | 1.2 M | Norges Bank | 2024-06-30 | 991.1 K | Fmr Inc | 2024-09-30 | 13.4 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 11.5 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 10X Genomics will likely underperform.
10X Fundamentals
| Return On Equity | -0.25 | ||||
| Return On Asset | -0.11 | ||||
| Profit Margin | (0.29) % | ||||
| Operating Margin | (0.27) % | ||||
| Current Valuation | 1.42 B | ||||
| Shares Outstanding | 107 M | ||||
| Shares Owned By Insiders | 2.16 % | ||||
| Shares Owned By Institutions | 94.41 % | ||||
| Number Of Shares Shorted | 7.61 M | ||||
| Price To Book | 2.40 X | ||||
| Price To Sales | 2.75 X | ||||
| Revenue | 618.73 M | ||||
| Gross Profit | 396.02 M | ||||
| EBITDA | (205.11 M) | ||||
| Net Income | (255.1 M) | ||||
| Cash And Equivalents | 499.73 M | ||||
| Cash Per Share | 4.39 X | ||||
| Total Debt | 95.37 M | ||||
| Debt To Equity | 0.13 % | ||||
| Current Ratio | 5.65 X | ||||
| Book Value Per Share | 5.97 X | ||||
| Cash Flow From Operations | (15.2 M) | ||||
| Short Ratio | 3.26 X | ||||
| Earnings Per Share | (1.52) X | ||||
| Price To Earnings To Growth | 0.13 X | ||||
| Target Price | 20.29 | ||||
| Number Of Employees | 1.26 K | ||||
| Beta | 1.87 | ||||
| Market Capitalization | 1.73 B | ||||
| Total Asset | 965.14 M | ||||
| Retained Earnings | (1.28 B) | ||||
| Working Capital | 468.86 M | ||||
| Net Asset | 965.14 M |
About 10X Genomics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 10X Genomics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 10X Genomics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 10X Genomics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether 10X Genomics is a strong investment it is important to analyze 10X Genomics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 10X Genomics' future performance. For an informed investment choice regarding 10X Stock, refer to the following important reports:Check out 10X Genomics Piotroski F Score and 10X Genomics Altman Z Score analysis. For more detail on how to invest in 10X Stock please use our How to Invest in 10X Genomics guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 10X Genomics. If investors know 10X will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 10X Genomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.52) | Revenue Per Share 5.261 | Quarterly Revenue Growth (0.01) | Return On Assets (0.11) | Return On Equity (0.25) |
The market value of 10X Genomics is measured differently than its book value, which is the value of 10X that is recorded on the company's balance sheet. Investors also form their own opinion of 10X Genomics' value that differs from its market value or its book value, called intrinsic value, which is 10X Genomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 10X Genomics' market value can be influenced by many factors that don't directly affect 10X Genomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 10X Genomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if 10X Genomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 10X Genomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.