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How to Buy Neogenomics Stock

Neogenomics Inc

NeoGenomics, Inc. operates a network of cancer-focused testing laboratories in the United States, Europe, and Asia. It operates through, Clinical Services and Pharma Services segments.

Neogenomics stock last closed at $15.50, down 2.15% from the previous day, and has decreased 9.83% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.14 percentage points. Neogenomics stock is currently +40.53% from its 52-week low of $11.03, and -26.96% from its 52-week high of $21.22.

As of Jul 17, 2024, there are 127.71M NEO shares outstanding. The market value of NEO is $1.98B. In the last 24 hours, 646,099 NEO shares were traded.

How to Buy Neogenomics Stock

Wondering how to invest in Neogenomics stock? Here's how.
  1. Choose where to buy Neogenomics stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Neogenomics stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Pick your payment method and add your info.
  4. Analyze Neogenomics stock: The Neogenomics ticker symbol is NEO. Is Neogenomics stock a good investment? Should you buy shares of NEO? How do NEO's underlying business fundamentals look? Do top analysts think Neogenomics is a good buy? Why has NEO's stock price moved recently? (Hint: Our stock market research website can help you understand if NEO is a good stock to buy).
  5. Make your NEO trade: Decide if you will purchase NEO shares at the current market price or use a limit order to buy NEO shares at a given price.
  6. Keep an eye on your NEO investment: Create a watchlist to monitor your investment in Neogenomics shares.

Step 1: Choose where to buy Neogenomics stock

You will need a brokerage account in order to access the NASDAQ market and buy NEO shares.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal details so you can invest in NEO stock today.

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  2. Enter your personal data to create a new brokerage account.
  1. Send your info by hitting the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you've finished signing up on the best app for stock investing, you can securely and quickly fund your account:

Watch the video below for more details transferring funds into your new brokerage account.

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Step 4: Analyze Neogenomics stock

After you have figured out the best place to buy Neogenomics stock, it's crucial to research their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.

Neogenomics Numbers

NEO Price
$15.50
1w %
14.64%
1y %
-9.83%
5y %
-35.15%
P/E
-23.48x
P/B
2.14x
P/S
3.2x
PEG
N/A
Revenue
$610.66M
Earnings
-$84.23M
Fore. Rev. Growth
8.77%
Fore. Earn. Growth
N/A
Market Cap
$1.98B
Next Earnings
Jul 29, 2024
Next Dividend
N/A

Neogenomics Due Diligence Checks

WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on NEO's stock page.

Is NEO stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge NEO's true value.

Using relative valuations metrics:

  • NEO could be undervalued based on its P/B ratio of 2.14x, relative to Diagnostics & Research industry P/B ratio of 4.19x

You can access additional valuation analysis on NEO's stock here.

NEO Financial Health Overview

Positive Health Checks:

  • NEO has cash burn of 39586000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the NEO balance sheet.
  • NEO profit margin has gone up from -23.7% to -13.8% in the past year.
  • NEO has $384.83M in cash and short term investments. This is sufficient to cover its annual cash burn of $39.59M.

Negative Health Checks:

  • NEO has a relatively high debt to equity ratio of 0.78.
  • Total NEO debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the NEO balance sheet.

Is Neogenomics stock a Buy, Hold, or Sell, according to analysts?

Out of 7 Wall Street analysts who give recommendations on NEO, the consensus analyst rating on Neogenomics is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

Most Recent NEO Analyst Forecasts

David Westenberg, a top 10% analyst from Piper Sandler maintains NEO with a strong buy rating and raises their NEO price target from $18.00 to $20.00, on Feb 26, 2024.

Matthew Sykes, a top 11% analyst from Goldman Sachs maintains NEO with a strong buy rating and raises their NEO price target from $17.00 to $19.00, on Feb 22, 2024.

You can dig deeper into what analysts are forecasting on the Neogenomics stock forecast page.

Metrics for Advanced NEO Traders

SMA10
14.33
SMA20
13.84
SMA50
14.1
SMA100
14.52
SMA200
15.25
MACD
0.37
MACD Signal
0.11
MACD Histogram
0.26
RSI
68.11
Stochastic %K
89.72
Stochastic %D
89.9
StochRSI %K
92.99
StochRSI %D
97.66

Is NEO Growing Revenue?

Last year, NEO revenue was $610.66M. In the past 5 year, NEO's revenue has grown by 14.6% per year. This was faster than the Diagnostics & Research industry average of 13.63%.

You can analyze NEO's earnings and revenue performance here.

Who is buying/selling NEO?

In the past year, executives and large shareholders at NEO have sold more shares than they have bought.

Alicia C. Olivo, General Counsel of NEO, was the latest NEO insider to sell. They sold $16,511.26 worth of NEO stock on May 15, 2024.

Get more info about who owns NEO stock here.

Can I get consistent income from NEO stock?

No, Neogenomics doesn't provide an income stream by paying out dividends.

NEO Social Trading Data

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Make your NEO trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.

Hit the Open button and eToro will execute the order.

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Step 6: Keep an eye on your NEO investment

Now that you own some NEO shares, you'll want to keep up with your new company.

Make a watchlist to track your NEO stock.

NEO Feed

How to Buy Stock in Neogenomics

To summarize, here are the 6 steps to buy Neogenomics stock:

  1. Choose where to buy Neogenomics stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Neogenomics stock
  5. Make your NEO trade
  6. Keep an eye on your NEO investment

If you need a place to buy stocks, eToro is our recommended option.

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If you would like to get notifications regarding your new investment in Neogenomics, add NEO to your watchlist by clicking the button below.

NASDAQ: NEO
$15.50-0.34 (-2.15%)
Updated Jul 17, 2024
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NASDAQ: NEO
$15.50-0.34 (-2.15%)
Updated Jul 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Neogenomics share?

As of Jul 17, 2024, it costs $15.50 to buy one share of Neogenomics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.452 shares of NEO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Neogenomics stock?

According to 7 Wall Street analysts who monitor Neogenomics, their consensus recommendation is to buy Neogenomics stock.

What is the best way to buy Neogenomics stock?

One way to place an order for Neogenomics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.