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Neogenomics Inc. (NASDAQ: NEO) closed the day trading at $14.93 up 0.88% from the previous closing price of $14.80. In other words, the price has increased by $0.88 from its previous closing price. On the day, 1.13 million shares were traded. NEO stock price reached its highest trading level at $15.26 during the session, while it also had its lowest trading level at $14.6.
Ratios:
For a better understanding of NEO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.22 and its Current Ratio is at 7.48. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.65.
On December 29, 2023, BTIG Research reiterated its Buy rating and also upped its target price recommendation from $25 to $21.
Stephens Upgraded its Equal-Weight to Overweight on August 21, 2023, while the target price for the stock was maintained at $18.
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 May 15 ’24 when Olivo Alicia C sold 1,049 shares for $15.74 per share. The transaction valued at 16,511 led to the insider holds 44,867 shares of the business.
TETRAULT LYNN A. sold 6,112 shares of NEO for $97,579 on Mar 04 ’24. The Director now owns 50,062 shares after completing the transaction at $15.97 per share. On Feb 15 ’24, another insider, Olivo Alicia C, who serves as the General Counsel of the company, sold 2,587 shares for $14.96 each. As a result, the insider received 38,713 and left with 34,866 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, NEO now has a Market Capitalization of 1906740224 and an Enterprise Value of 2130092160. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.12 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 3.488 whereas that against EBITDA is -103.861.
Stock Price History:
The Beta on a monthly basis for NEO is 1.18, which has changed by -0.14441264 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, NEO has reached a high of $21.22, while it has fallen to a 52-week low of $11.03. The 50-Day Moving Average of the stock is 6.23%, while the 200-Day Moving Average is calculated to be -2.33%.
Shares Statistics:
Over the past 3-months, NEO traded about 751.28K shares per day on average, while over the past 10 days, NEO traded about 790980 shares per day. A total of 127.37M shares are outstanding, with a floating share count of 126.12M. Insiders hold about 1.25% of the company’s shares, while institutions hold 100.44% stake in the company. Shares short for NEO as of 1719532800 were 5513375 with a Short Ratio of 7.34, compared to 1717113600 on 6342939. Therefore, it implies a Short% of Shares Outstanding of 5513375 and a Short% of Float of 6.0.
