Prenetics Global (NASDAQ:PRE) versus Singular Genomics Systems (NASDAQ:OMIC) Critical Analysis

Singular Genomics Systems (NASDAQ:OMICGet Free Report) and Prenetics Global (NASDAQ:PREGet Free Report) are both small-cap medical companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, risk, dividends, institutional ownership, analyst recommendations, earnings and valuation.

Analyst Recommendations

This is a breakdown of current ratings and target prices for Singular Genomics Systems and Prenetics Global, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Singular Genomics Systems 0 1 0 0 2.00
Prenetics Global 0 0 1 0 3.00

Singular Genomics Systems currently has a consensus target price of $6.50, indicating a potential downside of 67.52%. Prenetics Global has a consensus target price of $9.00, indicating a potential upside of 121.67%. Given Prenetics Global’s stronger consensus rating and higher possible upside, analysts clearly believe Prenetics Global is more favorable than Singular Genomics Systems.

Insider and Institutional Ownership

65.8% of Singular Genomics Systems shares are owned by institutional investors. Comparatively, 25.0% of Prenetics Global shares are owned by institutional investors. 22.2% of Singular Genomics Systems shares are owned by insiders. Comparatively, 7.8% of Prenetics Global shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Volatility & Risk

Singular Genomics Systems has a beta of 1.83, indicating that its share price is 83% more volatile than the S&P 500. Comparatively, Prenetics Global has a beta of -0.31, indicating that its share price is 131% less volatile than the S&P 500.

Profitability

This table compares Singular Genomics Systems and Prenetics Global’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Singular Genomics Systems -3,237.89% -57.87% -37.90%
Prenetics Global -191.73% -16.45% -13.34%

Earnings and Valuation

This table compares Singular Genomics Systems and Prenetics Global”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Singular Genomics Systems $2.91 million 17.47 -$94.82 million ($35.11) -0.57
Prenetics Global $25.56 million 1.94 -$62.72 million ($3.99) -1.02

Prenetics Global has higher revenue and earnings than Singular Genomics Systems. Prenetics Global is trading at a lower price-to-earnings ratio than Singular Genomics Systems, indicating that it is currently the more affordable of the two stocks.

Summary

Prenetics Global beats Singular Genomics Systems on 9 of the 14 factors compared between the two stocks.

About Singular Genomics Systems

(Get Free Report)

Singular Genomics Systems, Inc., a life science technology company, develops next generation sequencing and multiomics technology for researchers and clinicians to advance science and medicine. The company is involved in the developing of G4, consisting of G4 instrument and associated consumables for various applications, such as max read kits for single cell sequencing, rare variant detection with high-definition sequencing, gene fusion detection with ring-seq, and extended range sequencing; and PX instrument and associated consumables for applications comprising single cell gene expression and proteomics, in situ RNA sequencing, and spatial RNA and proteomics applications for tissue. Singular Genomics Systems, Inc. was incorporated in 2016 and is based in San Diego, California.

About Prenetics Global

(Get Free Report)

Prenetics Global Limited, a genomics-driven health sciences company, engages in revolutionizing prevention, early detection, and treatment. It offers CircleDNA, a prevention arm that uses whole exome sequencing to offer comprehensive consumer DNA test. The company also, through its joint venture, Insighta, engages in pioneering multi-cancer early detection technologies. In addition, the company, through its equity interests in ACT Genomics Holdings Company Limited, is involved in genomic profiling of solid tumors through ACTOnco. Prenetics Global Limited was founded in 2007 and is based in Quarry Bay, Hong Kong.

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