Neogenomics Inc (NASDAQ: NEO) is -42.48% lower on its value in year-to-date trading and has touched a low of $8.98 and a high of $19.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEO stock was last observed hovering at around $9.41 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $9.48, the stock is -3.97% and -21.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing 0.74% at the moment leaves the stock -34.88% off its SMA200. NEO registered -35.77% loss for a year compared to 6-month loss of -40.00%. The firm has a 50-day simple moving average (SMA 50) of $12.015 and a 200-day simple moving average (SMA200) of $14.55785.
The stock witnessed a -8.85% gain in the last 1 month and extending the period to 3 months gives it a -42.65%, and is -4.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.10% over the week and 7.16% over the month.
Neogenomics Inc (NEO) has around 2200 employees, a market worth around $1.22B and $660.57M in sales. Fwd P/E is 26.99. Profit margin for the company is -11.92%. Distance from 52-week low is 5.57% and -50.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.04%).
The EPS is expected to grow by 58.79% this year
355.0 institutions hold shares in Neogenomics Inc (NEO), with institutional investors hold 103.82% of the company’s shares. The shares outstanding are 128.15M, and float is at 126.92M with Short Float at 3.33%. Institutions hold 102.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.67 million shares valued at $272.82 million. The investor’s holdings represent 15.5612 of the NEO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.12 million shares valued at $195.87 million to account for 11.1716 of the shares outstanding. The other top investors are BROWN ADVISORY INC which holds 8.77 million shares representing 6.9391 and valued at over $121.66 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.3244 of the shares totaling 6.73 million with a market value of $93.35 million.
Neogenomics Inc (NEO) Insider Activity
The most recent transaction is an insider sale by Olivo Alicia C, the company’s General Counsel. SEC filings show that Olivo Alicia C sold 5,175 shares of the company’s common stock on Nov 15 ’24 at a price of $15.36 per share for a total of $79475.0. Following the sale, the insider now owns 37129.0 shares.
Still, SEC filings show that on Aug 15 ’24, Olivo Alicia C (General Counsel) disposed off 1,040 shares at an average price of $16.05 for $16695.0. The insider now directly holds 43,813 shares of Neogenomics Inc (NEO).
