For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Neogenomics Inc (NASDAQ: NEO) was $17.19 for the day, down -4.55% from the previous closing price of $18.01. In other words, the price has decreased by -$4.55 from its previous closing price. On the day, 0.67 million shares were traded. NEO stock price reached its highest trading level at $17.98 during the session, while it also had its lowest trading level at $17.17.
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 1.91 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:
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 Nov 15 ’24 when Olivo Alicia C sold 5,175 shares for $15.36 per share. The transaction valued at 79,475 led to the insider holds 37,129 shares of the business.
ALICIA OLIVO bought 5,175 shares of NEO for $81,713 on Nov 15 ’24. On Aug 15 ’24, another insider, Olivo Alicia C, who serves as the General Counsel of the company, sold 1,040 shares for $16.05 each. As a result, the insider received 16,695 and left with 43,813 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, NEO now has a Market Capitalization of 2311780096 and an Enterprise Value of 2424978432. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.43 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 3.765 whereas that against EBITDA is -5425.008.
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 15.54%, while the 200-Day Moving Average is calculated to be 14.64%.
Shares Statistics:
NEO traded an average of 755.03K shares per day over the past three months and 549700 shares per day over the past ten days. A total of 128.06M shares are outstanding, with a floating share count of 126.80M. Insiders hold about 1.22% of the company’s shares, while institutions hold 97.50% stake in the company. Shares short for NEO as of 1731628800 were 3625198 with a Short Ratio of 4.80, compared to 1728950400 on 4634455. Therefore, it implies a Short% of Shares Outstanding of 3625198 and a Short% of Float of 3.92.
