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In the latest session, Bio-Techne Corp (NASDAQ: TECH) closed at $74.00 down -4.43% from its previous closing price of $77.43. In other words, the price has decreased by -$4.43 from its previous closing price. On the day, 1.14 million shares were traded. TECH stock price reached its highest trading level at $77.42 during the session, while it also had its lowest trading level at $73.89.
Ratios:
For a deeper understanding of Bio-Techne Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 76.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.73. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 12283926528 and an Enterprise Value of 12003104768. As of this moment, Bio-Techne’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.84, and their Forward P/E ratio for the next fiscal year is 34.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.13 while its Price-to-Book (P/B) ratio in mrq is 5.66. Its current Enterprise Value per Revenue stands at 10.356 whereas that against EBITDA is 38.673.
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 -1.84%, while the 200-Day Moving Average is calculated to be 0.42%.
Shares Statistics:
For the past three months, TECH has traded an average of 889.66K shares per day and 844390 over the past ten days. 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 99.40% stake in the company. Shares short for TECH as of 1726185600 were 3699370 with a Short Ratio of 4.16, compared to 1723680000 on 2949909. Therefore, it implies a Short% of Shares Outstanding of 3699370 and a Short% of Float of 2.6700001.
Dividends & Splits
According to the company, the forward annual dividend rate for TECH is 0.32, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 0.004132765The stock’s 5-year Average Dividend Yield is 0.42.
