Will Illumina Continues Its' 45 Degree Uptrend?

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Jan 25 2007
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Illumina, Inc. (Nasdaq: ILMN, stock) will announce its’ earning tomorrow, Friday Jan-26-2007, before market open. Illumina develops and markets next-generation tools for the large-scale analysis of genetic variation and function. The Company has developed a line of products that enable researchers in the life sciences and pharmaceutical industries to perform tests necessary to extract medically valuable information from advances in genomics. The Company sells short pieces of deoxyribonucleic acid (DNA) called oligonucleotides, which it refers to as oligos, manufactured using the Company’s Oligator technology.

Rating Indicators for ILMN:
  • Wall Street consensus : 0.30
  • StockScouter rating : 7 / 10
  • Whisper Number for this stock : NA S
  • Schaeffer Rating for this stock : 7 / 10
  • Power Rating : 4 / 10
  • Insider Trading (last 52 weeks) : ($16.35M)
  • Zacks Analysts Rating: Hold
  • Option Trading: Jun 2007 40 Call
  • Implied Volatility (IV) for Mar 2007 $40 Strike : 50.83%

Sales, Income & Growth – For the past 12-months, Illumina registered $147 million sales from the industry’s $6.2 billion. Income amounted to $23.15 million from the industry’s $1.29 billion. The company’s one-year sales growth is at 145.90% against industry’s 91.70%.

Profitability & Financial Health – For the past 12-months, net profit margin is in the region of 15.7% against industry’s -1273%. Illumina does not have and debt compare to industry’s debt/equity ratio of 0.32.

Resistance & Support Level – The resistance for this stock is at $45.87 (52-week high) while the first level support is at $39.70 (50-day moving average).

Risks – Current P/E (price to earnings multiple) of 87.50 is rather high compare to industry. The relative strength is rather weak at 24 for the last 3 months.

However this stock has beaten earning estimates for the last three quarters and should it do the same this time, it should gap-up again just like the previous quarter when I made some decent money from it. In the meantime I’m still researching Caterpillar Inc. (NYSE: CAT, stock) which will announce its’ earning the same today as Illumina – tomorrow before market open.

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