Bio-Techne Corp (NASDAQ: TECH) is -30.75% lower on its value in year-to-date trading and has touched a low of $46.01 and a high of $83.62 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 TECH stock was last observed hovering at around $48.69 in the last trading session, with the day’s gains setting it 1.19%.
Currently trading at $49.88, the stock is 2.02% and -1.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing 2.44% at the moment leaves the stock -24.72% off its SMA200. TECH registered -37.07% loss for a year compared to 6-month loss of -34.27%. The firm has a 50-day simple moving average (SMA 50) of $50.3862 and a 200-day simple moving average (SMA200) of $66.25905.
The stock witnessed a 0.20% gain in the last 1 month and extending the period to 3 months gives it a -20.70%, and is 2.61% up 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 2.57% over the week and 3.39% over the month.
Bio-Techne Corp (TECH) has around 3100 employees, a market worth around $7.82B and $1.21B in sales. Current P/E ratio is 60.80 and Fwd P/E is 24.15. Profit margin for the company is 10.89%. Distance from 52-week low is 8.41% and -40.35% from its 52-week high. The company has generated returns on investments over the last 12 months (5.42%).
with sales reaching $315.14M over the same period.The EPS is expected to grow by 7.38% this year, but quarterly earnings will post 5.29% year-over-year. Quarterly sales are estimated to grow 2.95% in year-over-year returns.
Bio-Techne Corp (TECH) Top Institutional Holders
853.0 institutions hold shares in Bio-Techne Corp (TECH), with institutional investors hold 106.69% of the company’s shares. The shares outstanding are 156.76M, and float is at 154.99M with Short Float at 4.65%. Institutions hold 105.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.18 million shares valued at $1.3 billion. The investor’s holdings represent 11.5171% of the TECH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.99 million shares valued at $1.07 billion to account for 9.4939 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.53 million shares representing 5.4006% and valued at over $610.87 million, while STATE STREET CORP holds 3.9912 of the shares totaling 6.3 million with a market value of $451.46 million.
Bio-Techne Corp (TECH) Insider Activity
Bio-Techne Corp disclosed in a document filed with the SEC on Feb 14 ’25 that Herr Amy E. (Director) sold a total of 1,860 shares of the company’s common stock. The trade occurred on Feb 14 ’25 and was made at $65.96 per share for $0.12 million. Following the transaction, the insider now directly holds 1976.0 shares of the TECH stock.
Still, SEC filings show that on Feb 14 ’25, JOSHUA MOLHO (Domestic Partner of Director ) Proposed Sale 1,860 shares at an average price of $65.96 for $0.12 million. The insider now directly holds shares of Bio-Techne Corp (TECH).
