Singular Genomics Stock Target Price and Analyst Consensus

OMIC Stock  USD 21.42  0.48  2.19%   
The current analyst and expert consensus on Singular Genomics is Buy, with only one strong buy opinion. The current projected Singular Genomics target price consensus is 0.70 with 3 analyst opinions. Check out Macroaxis Advice on Singular Genomics to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
The most common way Singular Genomics Systems analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Singular Genomics executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Singular Genomics. We encourage you to use your own analysis of Singular Genomics Systems to validate this buy or sell advice. Singular Genomics buy-or-sell recommendation module provides average expert sentiment on the projected Singular Genomics Systems target price to derive its highest and lowest estimates based on projected price volatility of 17.658.
Lowest Forecast
0.64
Highest Forecast
0.78
Target Price
0.7
As of November 22, 2024, Gross Profit is expected to decline to about (585.9 K). In addition to that, Pretax Profit Margin is expected to decline to -34.2. At present, Singular Genomics' Other Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 314.3 M, whereas Total Assets are forecasted to decline to about 226.1 M.
  
It's important to approach Singular Genomics' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Singular Genomics price targets

Singular Genomics' stock target price is an estimate of its future price, usually made by analysts. Using Singular Genomics' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Singular Genomics' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Singular Genomics' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Singular Genomics Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Singular Genomics is a key component of Singular Genomics valuation and have some predictive power on the future returns of a Singular Genomics.
Hype
Prediction
LowEstimatedHigh
4.2821.9339.58
Details
Intrinsic
Valuation
LowRealHigh
0.5410.7528.40
Details
Naive
Forecast
LowNextHigh
0.3316.6734.32
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-8.61-8.61-8.61
Details

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When determining whether Singular Genomics Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Singular Genomics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Singular Genomics Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Singular Genomics Systems Stock:
Check out Macroaxis Advice on Singular Genomics to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Please note, the presentation of Singular Genomics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Singular Genomics' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Singular Genomics' management manipulating its earnings.