Top 3 Genomic Sequencing Stocks To Buy On The Rebound

Analysts are generally positive on 10x Genomics’ stock and refer to the long runway of growth afforded by the company’s dual focus on affordable single cell (Chromium) and spacial (Visium) biology platforms. Visium is a newer platform that’s enjoyed a strong launch.

The company just wrapped up its 2020 fiscal year during which revenue grew by 22% to $299 million. Growth was impacted by the pandemic and should re-accelerate to roughly 67% (to $500 million) in 2021, when adjusted EPS loss should improve by 82% to -$0.98.

Sequencing Stock #2: Personalis (PSNL)

Personalis (PSNL) is a cancer genomics company offering next-generation sequencing (NGS) solutions and data analysis services to support personalized cancer vaccine and cancer immunotherapy development. It also provides sequencing and data analysis for population sequencing projects. It has a market cap of $1.1 billion.

Customers of cancer genomic services are primarily pharma and biotech companies, universities and non-profits. Customers of population sequencing initiatives are led by the U.S. Department of Veterans Affairs (VA).

The value of this company derives from its proprietary ImmunoID NeXT Platform, which provides customers with complex genomic info from both tissue and liquid biopsy samples. Altogether, Personalis is going after a roughly $40 billion market, based on test prices that range from $2,840 to $4,000 a pop. Its main markets are in the U.S. and Europe.

The company generated revenue of $65 million in 2019, up 73%. In the most recent quarter (Q3 2020), revenue was up 16% to $19.8 million while adjusted EPS of -$0.27 was down from -$0.22 in the year-ago quarter.

Fourth-quarter results, out in late February, were strong, with revenues up 11% to just over $20 million and signs that 2021 revenue growth could be around 10% or more to help pull PSNL out of the current correction, which has sent the stock down more than 54% from its January high of 53.5.

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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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