Investing in GeneDx Holdings Corp. [WGS]: What You Must Know


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Price Performance Review of WGS

On Tuesday, GeneDx Holdings Corp. [NASDAQ:WGS] saw its stock jump 2.99% to $0.50. On the same session, the stock had its day’s lowest price of $0.47, but rose to a high of $0.53. Over the last five days, the stock has gained 5.00%. GeneDx Holdings Corp. shares have risen nearly 89.54% since the year began. Nevertheless, the stocks have fallen -85.47% over the past one year. While a 52-week high of $3.60 was reached on 02/16/23, a 52-week low of $0.22 was recorded on 01/06/23. SMA at 50 days reached $0.3792, while 200 days put it at $1.0353.

Levels Of Support And Resistance For WGS Stock

The 24-hour chart illustrates a support level at 0.4700, which if violated will result in even more drops to 0.4400. On the upside, there is a resistance level at 0.5300. A further resistance level may holdings at 0.5600. The Relative Strength Index (RSI) on the 14-day chart is 59.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0351, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.72%. Stochastics %K at 72.50% indicates the stock is a holding.

How much short interest is there in GeneDx Holdings Corp.?

A steep rise in short interest was recorded in GeneDx Holdings Corp. stocks on Jan 12, 2023, dropping by -0.15 million shares to a total of 6.23 million shares. Yahoo Finance data shows the prior-month short interest on Nov 29, 2022 was 6.38 million shares. There was a decline of -2.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.6.

GeneDx Holdings Corp. [WGS] – Who Are The Largest Shareholders?

In filings from Casdin Capital LLC, it is revealed that the company now owns 102,151,785 shares, or roughly 12.88% of the outstanding WGS shares. In other words, the investor’s shares have risen by 85,714,285 from its previous 13-F filing of 16437500.0. Additionally, Corvex Management LP increased 848.95% of its stake after which the total value it holdings stand at $36,894,894, while Deerfield Management Co. LP added 469.12% of its stake to hold $24.31 million in the firm. Over the last quarter, Goldman Sachs & Co. LLC purchased 12,345,060 shares of GeneDx Holdings Corp., while BlackRock Fund Advisors bought 101,206 shares. At present, The Vanguard Group, Inc. is holding 9,092,286 shares valued at $3.86 million. Marshall Wace LLP owned 6,291,730 shares of the company at the time of its most recent 13F filing, worth $2.67 million.

According to FactSet, GeneDx Holdings Corp.’s share price will average $1.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 206.12 percent from its previous closing price of $0.49. Analysts expect GeneDx Holdings Corp. stock to reach the higher price of $3.00, while the lowest price estimate is $1.00. However, 4 analysts have rated WGS stock as an Overweight in their predictions for 2023.


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