Bio-Techne Corp (NASDAQ:TECH) shares, rose in value, with the stock price up by 0.52% to the previous day’s close as strong demand from buyers drove the stock to $73.36.
Actively observing the price movement in the last trading, the stock closed the session at $72.98, falling within a range of $72.78 and $73.88. The value of beta (5-year monthly) was 1.272 whereas the PE ratio was 70.23 over 12-month period. Referring to stock’s 52-week performance, its high was $85.57, and the low was $51.79. On the whole, TECH has fluctuated by 0.22% over the past month.
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With the market capitalization of Bio-Techne Corp currently standing at about $11.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-30. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 0.44%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.21B, with a low estimate of 275.4M and a high estimate of 285.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 280.26M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TECH’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 6.24, with the price of TECH currently trading nearly -3.71% and -1.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.43, while the 7-day volatility ratio is showing 1.95% which for the 30-day chart, stands at 2.88%. Furthermore, Bio-Techne Corp (TECH)’s beta value is 1.27, and its average true range (ATR) is 2.17.
A comparison of Bio-Techne Corp (TECH) with its peers suggests the former has fared considerably weaker in the market. TECH showed an intraday change of 0.52% in last session, and over the past year, it grew by 5.87%%.
Data on historical trading for Bio-Techne Corp (NASDAQ:TECH) indicates that the trading volumes over the past 10 days have averaged 0.72 and over the past 3 months, they’ve averaged 887.86K. According to company’s latest data on outstanding shares, there are 158.22 million shares outstanding.
Nearly 1.04% of Bio-Techne Corp’s shares belong to company insiders and institutional investors own 99.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.52 million shares as on 2024-09-30, resulting in a short ratio of 4.23. According to the data, the short interest in Bio-Techne Corp (TECH) stood at 254.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 3.27 million. The stock has fallen by -4.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TECH stock heading into the next quarter.
