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In a turbulent market environment, NeoGenomics Inc (NASDAQ:NEO). shares have touched a 52-week low, dipping to $6.25, representing a dramatic decline from its 52-week high of $19.11. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions. The clinical laboratory specializing in genetic testing for cancer has seen its stock price struggle significantly over the past year, reflecting a broader downturn in the healthcare sector. Investors have been cautious as the company’s shares have plummeted, with year-to-date losses reaching 60.07%. Despite these challenges, InvestingPro data shows strong liquidity with a current ratio of 2.05, and analysts expect net income growth this year. The stock appears undervalued according to InvestingPro’s Fair Value analysis, with 10+ additional ProTips available for subscribers.
In other recent news, NeoGenomics Inc. reported its Q1 2025 financial results, revealing a revenue of $168 million, which was below the forecast of $171.35 million. However, the company’s earnings per share (EPS) exceeded expectations, reaching $0 compared to the anticipated -$0.01. Despite the earnings beat, the revenue miss led to a significant drop in the company’s stock. NeoGenomics maintained its full-year revenue guidance, projecting growth of 13-15%, with expectations of continued growth in its next-generation sequencing (NGS) products. The company also highlighted an 8% year-over-year increase in revenue and a 102% rise in adjusted EBITDA. NeoGenomics recently acquired Pathline, a move expected to enhance its capabilities and contribute to revenue growth. The company is also preparing for the commercial launch of its PANTRASER liquid biopsy later this quarter, which could further drive growth. Analyst firm William Blair noted the company’s solid performance and strategic investments in its sales force, which are expected to support future growth.
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