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NeoGenomics (NEO)
NASDAQ:NEO
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NEO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.03 - $21.22
Previous Close$16.16
Volume484.20K
Average Volume (3M)727.16K
Market Cap
$2.07B
Enterprise Value$2.29B
Total Cash (Recent Filing)$387.86M
Total Debt (Recent Filing)$606.52M
Price to Earnings (P/E)―
Beta1.80
Next Earnings
Oct 29, 2024EPS Estimate
$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.62
Shares Outstanding128,158,151
10 Day Avg. Volume604,060
30 Day Avg. Volume727,162
Standard Deviation0.17
R-Squared0.13
Alpha-0.00702
Financial Highlights & Ratios
Price to Book (P/B)2.26
Price to Sales (P/S)3.32
Price to Cash Flow (P/CF)37.60
P/FCF Ratio641.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.64
Enterprise Value/Gross Profit9.36
Enterprise Value/Ebitda466.24
Forecast
1Y Price Target
$20.83Price Target Upside28.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
NeoGenomics News
Bulls Say, Bears Say
Bulls Say
Market ExpansionExpanding sales force by 50% to capture a larger share in the community oncology market is expected to significantly increase touch points with oncologists.
Product DevelopmentLaunching new next-generation sequencing (NGS) tests along with market penetration efforts in the oncology channel is projected to drive healthy multi-year growth.
Revenue GrowthNEO delivered $165M in revenue, surpassing expectations, primarily driven by increased clinical testing and effective revenue cycle management.
Bears Say
Legal IssuesThe US Appeals Court affirmed the lower court's decision to place a preliminary injunction on NEO's RaDaR sales due to patent infringement.
Market PositionThe preliminary injunction delays could jeopardize NEO's position as a second follower in MRD.
Revenue GrowthThe extent of quarterly revenue upside has slowed over the past 2 years as the contribution from NGS' strong pricing and volumes face more difficult comparisons.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
NEO FAQ
What was NeoGenomics’s price range in the past 12 months?
NeoGenomics lowest stock price was $11.03 and its highest was $21.22 in the past 12 months.
What is NeoGenomics’s market cap?
Currently, no data Available
When is NeoGenomics’s upcoming earnings report date?
NeoGenomics’s upcoming earnings report date is Oct 29, 2024 which is in 39 days.
How were NeoGenomics’s earnings last quarter?
NeoGenomics released its earnings results on Jul 29, 2024. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of -$0.003 by $0.033.
Is NeoGenomics overvalued?
According to Wall Street analysts NeoGenomics’s price is currently Undervalued.
Does NeoGenomics pay dividends?
NeoGenomics does not currently pay dividends.
What is NeoGenomics’s EPS estimate?
NeoGenomics’s EPS estimate is $0.01.
How many shares outstanding does NeoGenomics have?
NeoGenomics has 128,158,160 shares outstanding.
What happened to NeoGenomics’s price movement after its last earnings report?
NeoGenomics reported an EPS of $0.03 in its last earnings report, beating expectations of -$0.003. Following the earnings report the stock price went up 17.964%.
Which hedge fund is a major shareholder of NeoGenomics?
Among the largest hedge funds holding NeoGenomics’s share is Royce & Associates LLC. It holds NeoGenomics’s shares valued at 9M.
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NeoGenomics Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$20.83 (28.90% Upside)
$20.83 (28.90% Upside)
Hedge Fund Trend
Increased
By 76.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 2.1%
Last 30 Days ▲ 2.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.54%
12-Months-Change
Fundamentals
Return on Equity
-8.39%
Trailing 12-Months
Asset Growth
-3.06%
Trailing 12-Months
Company Description
NeoGenomics
NeoGenomics, Inc. is a clinical laboratory, which specializes in cancer genetics diagnostic testing and pharma services. It operates through the following two segments: Clinical and Pharma Services. The Clinical Services segment offers clinical cancer testing services to community-based pathologists. The Pharma Services segments supports pharmaceutical firms in their drug development programs by supporting various clinical trials and research. The Clinical Services Segment provides various clinical testing services to community-based pathology practices, hospital pathology labs and academic centers with reimbursement from various payers including client direct billing, commercial insurance, Medicare and other government payers, and patients. The Pharma Services segment: provides comprehensive testing services in supports pharmaceutical clients' oncology programs from discovery to commercialization. Its services include cytogenetics, fluorescence in-situ hybridization, flow cytometry, immunohistochemistry, anatomic pathology and molecular genetic testing. The company was founded by Michael T. Dent on October 29, 1998 and is headquartered in Fort Myers, FL.
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NEO Company Deck
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NEO Earnings Call
Q2 2024
0:00 / 0:00
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NEO Stock 12 Month Forecast
Average Price Target
$20.83
▲(28.90% Upside)
Technical Analysis
Best Analysts Covering NEO
1 Year
1 Year Success Rate
8/14 ratings generated profit
1 Year Average Return
+4.65%
reiterated a buy rating 2 months ago
Copying Bruce Jackson's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +4.65% per trade.
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