Accelerate Diagnostics (NASDAQ:AXDX) stock identified change of 25.16% away from 52-week low price and recently located move of -25.58% off 52-week high price. It has market worth of $970.16M. AXDX stock has been recorded 9.84% away from 50 day moving average and -3.23% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.10% off 20-day moving average.
On Jan. 13, 2020, Accelerate Diagnostics (NASDAQ:AXDX) released preliminary financial results for the quarter and year ending December 31, 2019. Highlights for the fourth quarter and full-year 2019 are presented below.
2019 Fourth Quarter and Full-Year Financial Highlights
- Commercially contracted instruments were 137 in the fourth quarter and 304 for full-year 2019
- Total revenue for the fourth quarter is expected to be approximately $3.5 million, compared to $1.8 million in the fourth quarter of 2018. For full-year 2019, total revenue is expected to be $9.3 million, compared to $5.7 million for full-year 2018.
- Gross margin is expected to be roughly 50% for full-year 2019
- Net cash used is expected to be approximately $58 million for full-year 2019, resulting in cash on hand of $109 million
Jack Phillips, incoming Chief Executive Officer of Accelerate Diagnostics, Inc, commented, We are pleased with our overall placement trajectory after doubling our contracted Phenos in 2019 and we remain confident in our outlook for continued strong adoption in 2020. However, our revenue in the fourth quarter fell short of our expectations due to continued delays of multi-site contracted customers going clinically live and beginning to generate consumable revenue. A top near-term priority is successfully implementing our now-reengineered go-live process and ensuring that our customers are able to bring this life-saving technology to their patients as quickly as possible upon adoption of the Pheno.
The Healthcare sector company, Accelerate Diagnostics noticed change of -2.67% to $17.86 along volume of 228245 shares in recent session compared to an average volume of 183.87K. The stock observed return of 1.77% in 5 days trading activity. The stock was at 12.47% over one month performance. AXDX’s shares are at -0.78% for the quarter and driving a 18.83% return over the course of the past year and is now at 5.68% since this point in 2018.
The average volatility for the week at 3.74% and for month was at 4.14%. There are 54.32M shares outstanding and 31.75M shares are floated in market. Right now the stock beta is 2.84.
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Address: 467 Sheppard Ave, Toronto, Ontario
Zip Code – M1S 1T4
Phone Number – 416-297-6327