GeneDx Holdings Corp. Stock Plummets Amid Revised Forecasts

Published 2 hours agoWGS

GeneDx Holdings Corp. Stock Plummets Amid Revised Forecasts

GeneDx Holdings Corp. (NASDAQ: WGS) is seeing a notable drop in its stock price, falling 37.95% to $72.59 as of April 30, 2025. The plunge comes in the wake of analysts downgrading their revenue estimates for the company as well as revising price targets downward.

Analysts have reduced their revenue forecasts for GeneDx, predicting earnings of $222 million for 2024, a 7.6% rise from the previous year but a drop from earlier expectations of $248 million. They've also cut the consensus price target by 27% to $7.25, according to simplywall.st. Meanwhile, insider activity shows CEO Katherine Stueland recently sold 2,154 shares at an average price of $66.60 per share.

Despite the current downswing, GeneDx reported a positive Q3 2024 financial performance, with earnings per share of $0.04, beating the projected $0.21 loss. The company posted a revenue of $76.90 million, marking a 44.3% increase year-over-year. Additionally, GeneDx maintains a debt-to-equity ratio of 0.25 and a quick ratio of 2.22, indicating manageable debt levels and solid liquidity, as reported by marketbeat.com.

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