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The closing price of Neogenomics Inc. (NASDAQ: NEO) was $13.22 for the day, up 0.69% from the previous closing price of $13.13. In other words, the price has increased by $0.69 from its previous closing price. On the day, 0.6 million shares were traded. NEO stock price reached its highest trading level at $13.34 during the session, while it also had its lowest trading level at $13.01.
Ratios:
Our analysis of NEO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 2.01. In the meantime, Its Debt-to-Equity ratio is 0.66 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:
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 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 1694248832 and an Enterprise Value of 1901379584. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70 while its Price-to-Book (P/B) ratio in mrq is 1.85. Its current Enterprise Value per Revenue stands at 3.026 whereas that against EBITDA is -133.552.
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 -13.37%, while the 200-Day Moving Average is calculated to be -11.62%.
Shares Statistics:
NEO traded an average of 791.75K shares per day over the past three months and 863840 shares per day over the past ten days. A total of 127.37M shares are outstanding, with a floating share count of 126.50M. Insiders hold about 1.29% of the company’s shares, while institutions hold 98.93% stake in the company. Shares short for NEO as of 1727654400 were 5334807 with a Short Ratio of 6.74, compared to 1724976000 on 5136809. Therefore, it implies a Short% of Shares Outstanding of 5334807 and a Short% of Float of 5.7800002.
