Bio-Techne Corp (NASDAQ: TECH) has a higher price-to-earnings ratio of 77.68x compared to its average ratio, The 36-month beta value for TECH is at 1.27. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for TECH is 157.23M, and currently, shorts hold a 2.59% of that float. The average trading volume for TECH on December 25, 2024 was 911.40K shares.
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TECH) stock’s latest price update
Bio-Techne Corp (NASDAQ: TECH) has seen a rise in its stock price by 0.40 in relation to its previous close of 72.74. However, the company has experienced a -3.16% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-23 that NOGALES, Ariz., Dec. 23, 2024 (GLOBE NEWSWIRE) — Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that its Board of Directors has authorized a $2.0 million expansion of the Company’s existing share repurchase program.
TECH’s Market Performance
Bio-Techne Corp (TECH) has experienced a -3.16% fall in stock performance for the past week, with a 2.26% rise in the past month, and a -2.75% drop in the past quarter. The volatility ratio for the week is 3.69%, and the volatility levels for the past 30 days are at 3.12% for TECH. The simple moving average for the past 20 days is -2.48% for TECH’s stock, with a -1.18% simple moving average for the past 200 days.
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 -0.31% 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 -14.65% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 3.69%, as shares sank -1.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.07% lower at present.
During the last 5 trading sessions, TECH fell by -2.98%, which changed the moving average for the period of 200-days by -2.80% in comparison to the 20-day moving average, which settled at $74.89. In addition, Bio-Techne Corp saw -5.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TECH starting from BAUMGARTNER ROBERT V, who sale 16,000 shares at the price of $72.10 back on Aug 08 ’24. After this action, BAUMGARTNER ROBERT V now owns 43,401 shares of Bio-Techne Corp, valued at $1,153,664 using the latest closing price.
ROBERT V. BAUMGARTNER, the Director of Bio-Techne Corp, proposed sale 16,000 shares at $72.10 during a trade that took place back on Aug 08 ’24, which means that ROBERT V. BAUMGARTNER is holding shares at $1,153,664 based on the most recent closing price.
Stock Fundamentals for TECH
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.66 for the gross margin
The net margin for Bio-Techne Corp stands at 0.13. The total capital return value is set at 0.09. Equity return is now at value 7.29, with 5.49 for asset returns.
Based on Bio-Techne Corp (TECH), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.97. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 17.59.
Currently, EBITDA for the company is 310.37 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of 10.08. The receivables turnover for the company is 5.24for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.56.
Conclusion
In conclusion, Bio-Techne Corp (TECH) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
