Shares of Guardant Health Inc. (NASDAQ:GH) traded at a new 52-week high today of $184.10. This new high was reached on above average trading volume as 43.2 million shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
There is potential upside of 4.2% for shares of Guardant Health Inc. based on a current price of $72.18 and an average consensus analyst price target of $75.20.
Guardant Health, based in Redwood City, California, provides cancer blood tests and analytics for clinical and research use, and the firm maintains research partnerships with large biopharmaceutical companies. The company offers Guardant 360, a blood-based (liquid biopsy) test for treatment selection in advanced stage cancer, and Guardant Omni, a broader gene panel for immuno-oncology research. The company's pipeline includes Guardant Reveal (formerly Lunar-1), for cancer recurrence detection in survivors, and Lunar-2, a liquid biopsy for early detection of cancer in higher-risk individuals, with an initial focus on colorectal cancer. Additionally, Guardant offers research development services. The United States accounts for 90% of total revenue, and other markets the remaining 10%.
Over the past year, Guardant Health Inc. has traded in a range of $27.11 to $169.43 and is now at $72.18.
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