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After finishing at $71.24 in the prior trading day, Bio-Techne Corp (NASDAQ: TECH) closed at $70.36, down -1.24%. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 0.95 million shares were traded. TECH stock price reached its highest trading level at $70.9245 during the session, while it also had its lowest trading level at $69.8.
Ratios:
Our goal is to gain a better understanding of TECH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 73.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.28. For the most recent quarter (mrq), Quick Ratio is recorded 2.75 and its Current Ratio is at 3.87. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
On February 08, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $80.
Stifel Downgraded its Buy to Hold on February 02, 2024, while the target price for the stock was maintained at $65.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 08 ’24 when BAUMGARTNER ROBERT V sold 16,000 shares for $72.10 per share. The transaction valued at 1,153,664 led to the insider holds 43,401 shares of the business.
ROBERT V. BAUMGARTNER bought 16,000 shares of TECH for $1,153,664 on Aug 08 ’24. On May 14 ’24, another insider, HIGGINS JOHN L, who serves as the Director of the company, sold 4,000 shares for $83.84 each. As a result, the insider received 335,377 and left with 36,608 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TECH now has a Market Capitalization of 11162332160 and an Enterprise Value of 11565368320. As of this moment, Bio-Techne’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.36, and their Forward P/E ratio for the next fiscal year is 32.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.63 while its Price-to-Book (P/B) ratio in mrq is 5.38. Its current Enterprise Value per Revenue stands at 9.978 whereas that against EBITDA is 37.263.
Stock Price History:
Over the past 52 weeks, TECH has reached a high of $85.57, while it has fallen to a 52-week low of $51.79. The 50-Day Moving Average of the stock is -4.97%, while the 200-Day Moving Average is calculated to be -4.22%.
Shares Statistics:
The stock has traded on average 877.29K shares per day over the past 3-months and 730590 shares per day over the last 10 days, according to various share statistics. A total of 158.22M shares are outstanding, with a floating share count of 157.00M. Insiders hold about 1.04% of the company’s shares, while institutions hold 99.04% stake in the company. Shares short for TECH as of 1727654400 were 3519101 with a Short Ratio of 4.01, compared to 1724976000 on 3268993. Therefore, it implies a Short% of Shares Outstanding of 3519101 and a Short% of Float of 2.54.
Dividends & Splits
In the trailing 12 months, TECH’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.0044918586The stock’s 5-year Average Dividend Yield is 0.42.
