Sunday, June 26, 2022

A Guide To The Risks Of Investing In Personalis Inc. (PSNL)

In a filing, Personalis Inc. revealed its Chief Medical Officer Chen Richard unloaded Company’s shares for reported $5149.0 on Jun 17. In the deal valued at $3.29 per share,1,565 shares were sold. As a result of this transaction, Chen Richard now holds 146,488 shares worth roughly $ 0.5 million.

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Then, Tachibana Aaron sold 3,440 shares, generating $11,318 in total proceeds. Upon selling the shares at $3.29, the Chief Financial Officer now owns 231,943 shares.

Before that, Moore Stephen Michael sold 1,832 shares. Personalis Inc. shares valued at $5,936 were divested by the General Counsel at a price of $3.24 per share. As a result of the transaction, Moore Stephen Michael now holds 73,885 shares, worth roughly $0.25 million.

Taking this into account, BofA Securities upgraded its Personalis Inc. [PSNL] rating to a Buy from a a Neutral in a research note published on Tuesday, January 07, 2022; the price target was decreased to $23 from $27. PT values the company’s stock at a premium of 85.22 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “an Equal-weight”. Needham also remained covering PSNL and has decreased its forecast on November 03, 2021 with a “Hold” recommendation from previously “Buy” rating.

Price Performance Review of PSNL

On Tuesday, Personalis Inc. [NASDAQ:PSNL] saw its stock jump 3.98% to $3.40. On the same session, the stock had its day’s lowest price of $3.305, but rose to a high of $3.61. Over the last five days, the stock has lost -6.59%. Personalis Inc. shares have fallen nearly -76.17% since the year began. Nevertheless, the stocks have fallen -86.64% over the past one year. While a 52-week high of $28.47 was reached on 01/03/22, a 52-week low of $3.13 was recorded on 06/16/22. SMA at 50 days reached $4.96, while 200 days put it at $11.99. A total of 0.84 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For PSNL Stock

The 24-hour chart illustrates a support level at 3.27, which if violated will result in even more drops to 3.13. On the upside, there is a resistance level at 3.57. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 37.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.29%. Stochastics %K at 12.48% indicates the stock is a buying.

Personalis Inc. [PSNL] – Who Are The Largest Shareholders?

In filings from ARK Investment Management LLC, it is revealed that the company now owns 5,184,784 shares, or roughly 11.41% of the outstanding PSNL shares. In other words, the investor’s shares have risen by 296,669 from its previous 13-F filing of 4888115.0. Additionally, BlackRock Fund Advisors increased 0.83% of its stake after which the total value it holdings stand at $13,176,793, while JPMorgan Investment Management, I reduced -0.82% of its stake to hold $11.78 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -12,492 shares of Personalis Inc., while Swedbank Robur Fonder AB sold 25,763 shares. At present, Millennium Management LLC is holding 1,243,669 shares valued at $4.92 million. JPMorgan Asset Management owned 1,157,588 shares of the company at the time of its most recent 13F filing, worth $4.58 million.

According to FactSet, Personalis Inc.’s share price will average $17.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 343.43 percent from its previous closing price of $3.27. Analysts expect Personalis Inc. stock to reach the higher price of $30.00, while the lowest price estimate is $9.00. However, 8 analysts have rated PSNL stock as an Overweight in their predictions for 2022. The most recent change occurred on September 20, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $28.

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