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The price of Neogenomics Inc (NASDAQ: NEO) closed at $15.46 in the last session, up 3.55% from day before closing price of $14.93. In other words, the price has increased by $3.55 from its previous closing price. On the day, 1.25 million shares were traded. NEO stock price reached its highest trading level at $15.8 during the session, while it also had its lowest trading level at $14.87.
Ratios:
We take a closer look at NEO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.44.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 15 ’24 when Olivo Alicia C sold 1,040 shares for $16.05 per share. The transaction valued at 16,695 led to the insider holds 43,813 shares of the business.
ALICIA OLIVO bought 1,040 shares of NEO for $16,453 on Aug 15 ’24. On Aug 15 ’24, another insider, BRUCE K CROWTHER, who serves as the Officer of the company, bought 8,353 shares for $15.95 each.
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 1984461056 and an Enterprise Value of 2030819200. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.08 while its Price-to-Book (P/B) ratio in mrq is 2.18. Its current Enterprise Value per Revenue stands at 3.233 whereas that against EBITDA is -142.644.
Stock Price History:
Over the past 52 weeks, NEO has reached a high of $21.22, while it has fallen to a 52-week low of $12.77. The 50-Day Moving Average of the stock is 5.15%, while the 200-Day Moving Average is calculated to be 4.13%.
Shares Statistics:
According to the various share statistics, NEO traded on average about 706.70K shares per day over the past 3-months and 763180 shares per day over the past 10 days. A total of 127.37M shares are outstanding, with a floating share count of 126.56M. Insiders hold about 1.24% of the company’s shares, while institutions hold 98.43% stake in the company. Shares short for NEO as of 1728950400 were 4634455 with a Short Ratio of 6.56, compared to 1726185600 on 5178528. Therefore, it implies a Short% of Shares Outstanding of 4634455 and a Short% of Float of 5.0200000000000005.
