In spite of NeoGenomics Inc.’s (NASDAQ:NEO) recent upswing, most analysts remain bearish.

In the latest session, NeoGenomics Inc. (NASDAQ: NEO) closed at $10.25 up 0.79% from its previous closing price of $10.17. In other words, the price has increased by $+0.08 from its previous closing price. On the day, 748754 shares were traded. NEO stock price reached its highest trading level at $10.28 during the session, while it also had its lowest trading level at $9.82.

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For a deeper understanding of NeoGenomics Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.80 and its Current Ratio is at 7.10. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.53.

Upgrades & Downgrades

On June 03, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $13.Piper Sandler initiated its Overweight rating on June 03, 2022, with a $13 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 when Bonello William sold 3,209 shares for $18.29 per share. The transaction valued at 58,693 led to the insider holds 98,516 shares of the business.

McKenzie Kathryn B sold 1,846 shares of NEO for $64,610 on Dec 21. The Chief Financial Officer now owns 11,689 shares after completing the transaction at $35.00 per share. On Dec 06, another insider, Mallon Mark, who serves as the Chief Executive Officer of the company, bought 17,000 shares for $30.63 each. As a result, the insider paid 520,710 and bolstered with 72,736 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 1.26.

Stock Price History:

Over the past 52 weeks, NEO has reached a high of $40.54, while it has fallen to a 52-week low of $6.00. The 50-Day Moving Average of the stock is 8.64, while the 200-Day Moving Average is calculated to be 11.25.

Shares Statistics:

For the past three months, NEO has traded an average of 1.25M shares per day and 1.75M over the past ten days. A total of 124.42M shares are outstanding, with a floating share count of 122.24M. Insiders hold about 1.00% of the company’s shares, while institutions hold 91.30% stake in the company. Shares short for NEO as of Oct 13, 2022 were 5.39M with a Short Ratio of 5.57M, compared to 4M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.28% and a Short% of Float of 5.91%.

Earnings Estimates

There are 13 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.25, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.12 and low estimates of -$0.22.

Analysts are recommending an EPS of between -$0.63 and -$0.83 for the fiscal current year, implying an average EPS of -$0.75. EPS for the following year is -$0.54, with 13 analysts recommending between -$0.17 and -$0.82.

Revenue Estimates

A total of 13 analysts have provided revenue estimates for NEO’s current fiscal year. The highest revenue estimate was $495.72M, while the lowest revenue estimate was $482.34M, resulting in an average revenue estimate of $490.28M. In the same quarter a year ago, actual revenue was $484.33M, up 1.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $534.29M in the next fiscal year. The high estimate is $557.3M and the low estimate is $515.3M. The average revenue growth estimate for next year is up 9.00% from the average revenue estimate for this year.