Advertisement
New Zealand markets close in 6 hours 26 minutes
  • NZX 50

    11,785.69
    -50.35 (-0.43%)
     
  • NZD/USD

    0.5905
    -0.0014 (-0.24%)
     
  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     
  • OIL

    82.62
    -0.11 (-0.13%)
     
  • GOLD

    2,395.00
    -3.00 (-0.13%)
     

10x Genomics Stock: Bull vs. Bear

10x Genomics Stock: Bull vs. Bear

Despite crushing the S&P 500 -- 180% to 63% -- since its September 2019 IPO, 10x Genomics' (NASDAQ: TXG) shares have only experienced 6% growth year to date. The company has rapidly become a cornerstone of biomedical research with its laboratory devices capable of profiling individual cells, but investors recently seem to have shrugged. Does the stock price just need a few quarters to catch up to its valuation?