The stock of Bio-Techne Corp (TECH) has seen a 3.62% increase in the past week, with a 7.66% gain in the past month, and a 23.85% flourish in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 2.85% for TECH. The simple moving average for the past 20 days is 5.70% for TECH’s stock, with a 11.15% simple moving average for the past 200 days.
Is It Worth Investing in Bio-Techne Corp (NASDAQ: TECH) Right Now?
The price-to-earnings ratio for Bio-Techne Corp (NASDAQ: TECH) is 62.53x, which is above its average ratio. Moreover, the 36-month beta value for TECH is 1.28. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TECH is 155.96M and currently, short sellers hold a 2.42% of that float. On July 26, 2024, TECH’s average trading volume was 1.08M shares.
TECH) stock’s latest price update
Bio-Techne Corp (NASDAQ: TECH)’s stock price has plunge by 1.37relation to previous closing price of 77.61. Nevertheless, the company has seen a 3.62% surge in its stock price over the last five trading sessions. accesswire.com reported 2024-07-25 that NEW ORLEANS, LA / ACCESSWIRE / July 25, 2024 / Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 17, 2024 to file lead plaintiff applications in a securities class action lawsuit against ODDITY Tech Ltd.
Analysts’ Opinion of TECH
Many brokerage firms have already submitted their reports for TECH stocks, with Citigroup repeating the rating for TECH by listing it as a “Neutral.” The predicted price for TECH in the upcoming period, according to Citigroup is $85 based on the research report published on May 22, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see TECH reach a price target of $80. The rating they have provided for TECH stocks is “Sector Outperform” according to the report published on February 08th, 2024.
Stifel gave a rating of “Hold” to TECH, setting the target price at $65 in the report published on February 02nd of the current year.
TECH Trading at 2.27% from the 50-Day Moving Average
After a stumble in the market that brought TECH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.76% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +9.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.03% lower at present.
During the last 5 trading sessions, TECH rose by +3.62%, which changed the moving average for the period of 200-days by +15.30% in comparison to the 20-day moving average, which settled at $74.75. In addition, Bio-Techne Corp saw 1.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TECH starting from HIGGINS JOHN L, who sale 4,000 shares at the price of $83.84 back on May 14 ’24. After this action, HIGGINS JOHN L now owns 36,608 shares of Bio-Techne Corp, valued at $335,377 using the latest closing price.
Nusse Roeland, the Director of Bio-Techne Corp, sale 10,400 shares at $76.98 during a trade that took place back on Mar 07 ’24, which means that Nusse Roeland is holding 43,097 shares at $800,627 based on the most recent closing price.
Stock Fundamentals for TECH
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.67 for the gross margin
The net margin for Bio-Techne Corp stands at 0.18. The total capital return value is set at 0.1. Equity return is now at value 10.40, with 7.63 for asset returns.
Based on Bio-Techne Corp (TECH), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.76. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 15.38.
Currently, EBITDA for the company is 406.18 million with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 11.05. The receivables turnover for the company is 5.07for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.08.
Conclusion
To wrap up, the performance of Bio-Techne Corp (TECH) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
