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As of close of business last night, Neogenomics Inc’s stock clocked out at $15.79, down -3.90% from its previous closing price of $16.43. In other words, the price has decreased by -$3.90 from its previous closing price. On the day, 0.68 million shares were traded. NEO stock price reached its highest trading level at $16.597 during the session, while it also had its lowest trading level at $15.72.
Ratios:
To gain a deeper understanding of NEO’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 2026820224 and an Enterprise Value of 2245273088. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.15 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 3.486 whereas that against EBITDA is -5022.982.
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 7.48%, while the 200-Day Moving Average is calculated to be 6.27%.
Shares Statistics:
It appears that NEO traded 736.41K shares on average per day over the past three months and 1006670 shares per day over the past ten days. A total of 127.37M shares are outstanding, with a floating share count of 126.77M. Insiders hold about 1.24% of the company’s shares, while institutions hold 97.74% stake in the company. Shares short for NEO as of 1730332800 were 4235756 with a Short Ratio of 5.75, compared to 1727654400 on 5334807. Therefore, it implies a Short% of Shares Outstanding of 4235756 and a Short% of Float of 4.5900002.
