Is Neogenomics Inc. (NEO) positioned for future growth?

With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.76 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $14.425 whereas the lowest price it dropped to was $13.77. The 52-week range on NEO shows that it touched its highest point at $21.22 and its lowest point at $11.03 during that stretch. It currently has a 1-year price target of $20.75. Beta for the stock currently stands at 1.18.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEO was down-trending over the past week, with a drop of -3.86%, but this was down by -14.00% over a month. Three-month performance surged to 1.68% while six-month performance fell -6.57%. The stock gained 14.83% in the past year, while it has lost -13.84% so far this year. A look at the trailing 12-month EPS for NEO yields -0.62 with Next year EPS estimates of 0.19. For the next quarter, that number is 0.01. This implies an EPS growth rate of 151.04% for this year and 216.93% for next year.

Float and Shares Shorts:

At present, 127.37 million NEO shares are outstanding with a float of 126.50 million shares on hand for trading. On 2024-09-13, short shares totaled 5.18 million, which was 404.0 higher than short shares on 1723680000. In addition to Mr. Christopher Michael Smith BSc as the firm’s CEO & Director, Mr. Jeffrey S. Sherman M.B.A. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.01057 of NEO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NEO reported revenue of $164502000.0 and operating income of -$20397000.0. The EBITDA in the recently reported quarter was $2300000.0 and diluted EPS was -$0.15.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, NEO has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NEO currently yields $0.00. In the past year, NEO’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, NEO has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.