Top 3 Genomic Sequencing Stocks To Buy On The Rebound

While COVID-19 has taken center stage for the past year, there remains a huge need for advance testing, treatment options and cures for other diseases. That points toward personalized medicine and next-generation genomic sequencing (NGS) solutions.

There are many players in the sequencing market, each of which offers a different twist and exposure for investors.

Among the most intriguing sequencing stocks are 10x Genomics (TXG)NanoString (NSTG)NeoGenomics (NEO)Guardant Health (GH)Adaptive Biotechnologies (ADPT), Personalis (PSNL) and Pacific Biosciences (PACB).

Today, let’s take a closer look at three of these genomic sequencing stocks: 10X Genomics (TXG), Adaptive Biotechnologies (ADPT) and Personalis (PSNL). All three stocks have been hit hard during the recent growth stock sell-off; but there’s reason to believe that all three should rebound once the market stabilizes.  

Sequencing Stock #1: 10x Genomics (TXG)

10x Genomics (TXG) is an early-stage genomics tools company developing solutions to analyze biological systems at incredibly high resolution and massive scale. It has a market cap of $16.6 billion.

The company’s products are used by nearly all of the top 100 global research institutions and top 20 global pharma companies, which rely on 10x’s solutions to make major discoveries in oncology, immunology and neuroscience.

The company’s product portfolio is built around Chromium and Visium instruments, consumables, and software. These genetic testing solutions give researchers the power to measure biology at the highest level of resolution, such as at the single cell level, or at high spatial resolution of tissues and organs.

The bulk of revenue comes from academic markets, but the company also has exposure to government, biopharma and biotech customers. As with many companies in the sequencing market, consumables play a huge role (over 80% of revenue) and help smooth out fluctuations in instrument sales.

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Disclaimer: All the information in this article - is published in good faith and for general information purpose only. Hashtag Investing does not make any warranties about the completeness, ...

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