Neogenomics Stock Net Income
| NEO Stock | USD 16.93 0.54 3.29% |
NeoGenomics fundamentals help investors to digest information that contributes to NeoGenomics' financial success or failures. It also enables traders to predict the movement of NeoGenomics Stock. The fundamental analysis module provides a way to measure NeoGenomics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NeoGenomics stock.
NeoGenomics |
NeoGenomics Company Net Income Analysis
NeoGenomics' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current NeoGenomics Net Income | (87.97 M) |
Most of NeoGenomics' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NeoGenomics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, NeoGenomics reported net income of (87.97 Million). This is 125.78% lower than that of the Life Sciences Tools & Services sector and 150.82% lower than that of the Health Care industry. The net income for all United States stocks is 115.41% higher than that of the company.
NeoGenomics Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NeoGenomics' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NeoGenomics could also be used in its relative valuation, which is a method of valuing NeoGenomics by comparing valuation metrics of similar companies.NeoGenomics is currently under evaluation in net income category among its peers.
NeoGenomics Fundamentals
| Return On Equity | -0.0838 | ||||
| Return On Asset | -0.0276 | ||||
| Profit Margin | (0.12) % | ||||
| Operating Margin | (0.08) % | ||||
| Current Valuation | 2.32 B | ||||
| Shares Outstanding | 128.36 M | ||||
| Shares Owned By Insiders | 1.27 % | ||||
| Shares Owned By Institutions | 99.63 % | ||||
| Number Of Shares Shorted | 4.24 M | ||||
| Price To Earning | 272.37 X | ||||
| Price To Book | 2.32 X | ||||
| Price To Sales | 3.27 X | ||||
| Revenue | 591.64 M | ||||
| Gross Profit | 187.9 M | ||||
| EBITDA | (17.61 M) | ||||
| Net Income | (87.97 M) | ||||
| Cash And Equivalents | 465.95 M | ||||
| Cash Per Share | 3.70 X | ||||
| Total Debt | 611.68 M | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 7.53 X | ||||
| Book Value Per Share | 7.09 X | ||||
| Cash Flow From Operations | (1.95 M) | ||||
| Short Ratio | 5.29 X | ||||
| Earnings Per Share | (0.61) X | ||||
| Price To Earnings To Growth | 3.02 X | ||||
| Target Price | 20.91 | ||||
| Number Of Employees | 2.1 K | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 2.1 B | ||||
| Total Asset | 1.68 B | ||||
| Retained Earnings | (247.06 M) | ||||
| Working Capital | 500.51 M | ||||
| Current Asset | 82.36 M | ||||
| Current Liabilities | 40.06 M | ||||
| Net Asset | 1.68 B |
About NeoGenomics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NeoGenomics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NeoGenomics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NeoGenomics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with NeoGenomics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NeoGenomics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NeoGenomics will appreciate offsetting losses from the drop in the long position's value.Moving against NeoGenomics Stock
| 0.86 | HCM | HUTCHMED DRC | PairCorr |
| 0.8 | FLGC | Flora Growth Corp | PairCorr |
| 0.64 | AQB | AquaBounty Technologies | PairCorr |
| 0.6 | EXAS | EXACT Sciences | PairCorr |
| 0.55 | VRDN | Viridian Therapeutics | PairCorr |
The ability to find closely correlated positions to NeoGenomics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoGenomics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NeoGenomics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NeoGenomics to buy it.
The correlation of NeoGenomics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeoGenomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoGenomics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NeoGenomics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out NeoGenomics Piotroski F Score and NeoGenomics Altman Z Score analysis. To learn how to invest in NeoGenomics Stock, please use our How to Invest in NeoGenomics guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NeoGenomics. If investors know NeoGenomics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NeoGenomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NeoGenomics is measured differently than its book value, which is the value of NeoGenomics that is recorded on the company's balance sheet. Investors also form their own opinion of NeoGenomics' value that differs from its market value or its book value, called intrinsic value, which is NeoGenomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NeoGenomics' market value can be influenced by many factors that don't directly affect NeoGenomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NeoGenomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if NeoGenomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeoGenomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.