Singular Genomics Systems (OMIC)
(Real Time Quote from BATS)
$0.41 USD
+0.02 (4.33%)
Updated May 21, 2024 02:54 PM ET
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About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
OMIC 0.41 +0.02(4.33%)
Will OMIC be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for OMIC based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for OMIC
Similar Genomics Systems (OMIC) Reports Q1 Loss, Lags Revenue Estimates
Similar Genomics Systems (OMIC) Reports Q4 Loss, Tops Revenue Estimates
OMIC: What are Zacks experts saying now?
Zacks Private Portfolio Services
Here's Why Similar Genomics Systems (OMIC) Could be Great Choice for a Bottom Fisher
Similar Genomics Systems (OMIC) Upgraded to Buy: Here's What You Should Know
3 Healthcare Stocks Poised to Surpass Earnings Estimates in Q1
Other News for OMIC
Analysts Offer Insights on Healthcare Companies: Daré Bioscience (DARE), Legend Biotech (LEGN) and Singular Genomics Systems (OMIC)
Singular Genomics Systems Inc (OMIC) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...
Similar Genomics Systems: Q1 Earnings Snapshot
Singular Genomics Reports Recent Highlights and First Quarter 2024 Financial Results
OMIC Stock Earnings: Singular Genomics Sys Beats EPS, Beats Revenue for Q1 2024