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Bio-Techne Corp (NASDAQ: TECH) closed the day trading at $71.80 down -2.43% from the previous closing price of $73.59. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 0.88 million shares were traded. TECH stock price reached its highest trading level at $74.035 during the session, while it also had its lowest trading level at $71.7.
Ratios:
For a better understanding of TECH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 74.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.25. 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 11390783488 and an Enterprise Value of 11654183936. As of this moment, Bio-Techne’s Price-to-Earnings (P/E) ratio for their current fiscal year is 68.73, and their Forward P/E ratio for the next fiscal year is 33.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.83 while its Price-to-Book (P/B) ratio in mrq is 5.49. Its current Enterprise Value per Revenue stands at 10.055 whereas that against EBITDA is 37.549.
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 -3.14%, while the 200-Day Moving Average is calculated to be -2.33%.
Shares Statistics:
Over the past 3-months, TECH traded about 871.93K shares per day on average, while over the past 10 days, TECH traded about 716260 shares per day. 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 99.31% stake in the company. Shares short for TECH as of 1727654400 were 3519101 with a Short Ratio of 4.04, 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
TECH’s forward annual dividend rate is 0.32, up from 0.32 a year ago. Against a Trailing Annual Dividend Yield of 0.004348417The stock’s 5-year Average Dividend Yield is 0.42.
