With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $72.4054 whereas the lowest price it dropped to was $70.61. The 52-week range on TECH shows that it touched its highest point at $85.57 and its lowest point at $61.16 during that stretch. It currently has a 1-year price target of $85.42. With its current market cap of 11.36 billion, TECH has annualized dividend of $0.32 while the current yield stands at 0.45%. Beta for the stock currently stands at 1.26.
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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 TECH was up-trending over the past week, with a rise of 5.49%, but this was up by 4.26% over a month. Three-month performance dropped to -0.08% while six-month performance fell -11.77%. The stock gained 12.11% in the past year, while it has lost -7.62% so far this year. A look at the trailing 12-month EPS for TECH yields 0.94 with Next year EPS estimates of 2.18. For the next quarter, that number is 0.39. This implies an EPS growth rate of 5.94% for this year and 16.41% for next year. EPS is expected to grow by 11.29% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.13%.
Float and Shares Shorts:
At present, 158.22 million TECH shares are outstanding with a float of 157.23 million shares on hand for trading. On 2024-10-31, short shares totaled 3.17 million, which was 200.0 higher than short shares on 1727654400. In addition to Mr. Kim Kelderman as the firm’s CEO, President & Director, Mr. James T. Hippel CPA serves as its Executive VP of Finance & CFO.
Institutional Ownership:
Through their ownership of 0.99412 of TECH’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 2024-09-30, TECH reported revenue of $289458000.0 and operating income of $39987000.0. The EBITDA in the recently reported quarter was $70484000.0 and diluted EPS was $0.21.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TECH since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TECH analysts setting a high price target of 95.0 and a low target of 75.0, the average target price over the next 12 months is 85.24846. Based on these targets, TECH could surge 33.28% to reach the target high and rise by 5.22% to reach the target low. Reaching the average price target will result in a growth of 19.6% from current levels.
Analysts have provided yearly estimates in a range of $1.80063 being high and $1.76061 being low. For TECH, this leads to a yearly average estimate of $1.78062. The surprise factor in the prior quarter was $0.49. Based on analyst estimates, the high estimate for the next quarter is $0.54 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.51.
