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GeneDx Holdings (Nasdaq: WGS) stock fell nearly 39% this week. Here's why

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Summary
Nutrition label

66% Informative

GeneDx Holdings (NASDAQ: WGS ) traded out of the stock following the company's latest earnings release and a subsequent round of analyst price target cuts.

The DNA testing company managed to boost its revenue by 42% on a year-over- year basis to slightly more than $87 million .

On the bottom line, it posted non-GAAP (adjusted) net income of nearly $7.7 million ($ 0.27 per share) against the year-ago loss of $8 million .

VR Score

58

Informative language

57

Neutral language

8

Article tone

informal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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