A share price of Neogenomics Inc. [NEO] is currently trading at $16.42, up 0.55%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NEO shares have gain 1.36% over the last week, with a monthly amount drifted -7.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BTIG Research reaffirmed its Buy rating on December 29, 2023, and dropped its price target to $21. On August 21, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $18 on the stock. Raymond James downgraded its rating to a Mkt Perform. BTIG Research upgraded its rating to a Buy but $25 remained the price target by the analyst firm on May 09, 2023. The Benchmark Company upgraded its rating to Buy for this stock on February 24, 2023, but kept the price target unchanged to $20. In a note dated February 01, 2023, Needham upgraded an Buy rating on this stock but restated the target price of $15.
Neogenomics Inc. experienced fluctuations in its stock price throughout the past year between $11.03 and $21.22. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Neogenomics Inc. [NASDAQ: NEO] shares were valued at $16.42 at the most recent close of the market. An investor can expect a potential return of 40.07% based on the average NEO price forecast.
Analyzing the NEO fundamentals
Trailing Twelve Months sales for Neogenomics Inc. [NASDAQ:NEO] were 628.25M which represents 11.97% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.23 points at the first support level, and at 16.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.63, and for the 2nd resistance point, it is at 16.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Neogenomics Inc. [NASDAQ:NEO] is 2.01. Further, the Quick Ratio stands at 1.93, while the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 3.35, the price to book ratio is 2.29.
Transactions by insiders
Recent insider trading involved Olivo Alicia C, General Counsel, that happened on Aug 15 ’24 when 1040.0 shares were sold. Officer, ALICIA OLIVO completed a deal on Aug 15 ’24 to buy 1040.0 shares. Meanwhile, Officer BRUCE K CROWTHER bought 8353.0 shares on Aug 15 ’24.
