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After finishing at $16.16 in the prior trading day, Neogenomics Inc. (NASDAQ: NEO) closed at $16.48, up 1.98%. In other words, the price has increased by $1.98 from its previous closing price. On the day, 0.57 million shares were traded. NEO stock price reached its highest trading level at $16.77 during the session, while it also had its lowest trading level at $16.32.
Ratios:
Our goal is to gain a better understanding of NEO by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2112043776 and an Enterprise Value of 2330709248. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 3.71 whereas that against EBITDA is -163.708.
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 $11.03. The 50-Day Moving Average of the stock is 3.50%, while the 200-Day Moving Average is calculated to be 6.55%.
Shares Statistics:
The stock has traded on average 727.16K shares per day over the past 3-months and 631530 shares per day over the last 10 days, according to various share statistics. A total of 127.37M shares are outstanding, with a floating share count of 126.47M. Insiders hold about 1.31% of the company’s shares, while institutions hold 98.60% stake in the company. Shares short for NEO as of 1724976000 were 5136809 with a Short Ratio of 7.06, compared to 1722384000 on 4878481. Therefore, it implies a Short% of Shares Outstanding of 5136809 and a Short% of Float of 5.57.
