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The closing price of Bio-Techne Corp (NASDAQ: TECH) was $62.73 for the day, down -2.00% from the previous closing price of $64.01. In other words, the price has decreased by -$2.00 from its previous closing price. On the day, 0.9 million shares were traded. TECH stock price reached its highest trading level at $64.81 during the session, while it also had its lowest trading level at $62.7.
Ratios:
Our analysis of TECH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 72.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.75. For the most recent quarter (mrq), Quick Ratio is recorded 3.03 and its Current Ratio is at 4.37. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on February 08, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $80.
On February 02, 2024, Stifel Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $65.
On December 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $80.UBS initiated its Buy rating on December 07, 2023, with a $80 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when Nusse Roeland sold 10,400 shares for $76.98 per share. The transaction valued at 800,627 led to the insider holds 43,097 shares of the business.
Nusse Roeland sold 8,939 shares of TECH for $717,959 on Aug 30 ’23. The Director now owns 51,872 shares after completing the transaction at $80.32 per share. On Jul 21 ’23, another insider, Kummeth Charles R., who serves as the Chief Executive Officer of the company, sold 80,000 shares for $88.36 each. As a result, the insider received 7,069,024 and left with 1,258,766 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 9860654080 and an Enterprise Value of 10280681472. As of this moment, Bio-Techne’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.23, and their Forward P/E ratio for the next fiscal year is 30.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.61 while its Price-to-Book (P/B) ratio in mrq is 5.02. Its current Enterprise Value per Revenue stands at 8.979 whereas that against EBITDA is 31.793.
Stock Price History:
Over the past 52 weeks, TECH has reached a high of $89.91, while it has fallen to a 52-week low of $51.79. The 50-Day Moving Average of the stock is -11.20%, while the 200-Day Moving Average is calculated to be -12.80%.
Shares Statistics:
TECH traded an average of 1.08M shares per day over the past three months and 999780 shares per day over the past ten days. A total of 157.64M shares are outstanding, with a floating share count of 155.57M. Insiders hold about 1.03% of the company’s shares, while institutions hold 100.30% stake in the company. Shares short for TECH as of 1711584000 were 5324962 with a Short Ratio of 4.91, compared to 1709164800 on 4577385. Therefore, it implies a Short% of Shares Outstanding of 5324962 and a Short% of Float of 4.3999999999999995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, TECH has a forward annual dividend rate of 0.32. The stock’s 5-year Average Dividend Yield is 0.44.
Earnings Estimates
A comprehensive evaluation of Bio-Techne Corp (TECH) is underway, with the input of Trump Media & Technology Group analysts contributing to its current rating.The consensus estimate for the next quarter is $21.31, with high estimates of $11.45 and low estimates of $116.33.
Analysts are recommending an EPS of between $Communication Services and $Technology for the fiscal current year, implying an average EPS of $Technology.
