190.72 -0.91 (-0.47%)
After hours: 4:11PM EST
|Bid||142.00 x 900|
|Ask||191.71 x 800|
|Day's Range||189.05 - 191.77|
|52 Week Range||132.75 - 206.04|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||76.77|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||1.28 (0.68%)|
|1y Target Est||187.63|
Bio-Techne Corp NASDAQ/NGS:TECHView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for TECH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $211 million over the last one-month into ETFs that hold TECH are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Techne (TECH) delivered earnings and revenue surprises of 6.00% and 2.57%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
MINNEAPOLIS , Feb. 5, 2019 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ:TECH) today reported its financial results for the second quarter ended December 31, 2018 . Second Quarter FY2019 Snapshot Second ...
MINNEAPOLIS , Feb. 5, 2019 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) announced that its Board of Directors has decided to pay a dividend of $0.32 per share for the quarter ended December 31, ...
Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. One of the best investments we can make Read More...
MINNEAPOLIS, Jan. 31, 2019 /PRNewswire/ -- Bio-Techne Corporation (TECH) today announced the National Comprehensive Cancer Network (NCCN) decision to include EPI as a recommended test in their Clinical Practice Guidelines in Oncology (NCCN Guidelines) for Prostate Cancer Early Detection (Version 1.2019). The updated treatment algorithm includes EPI testing prior to a first prostate biopsy or after a negative biopsy to assist patients and urologists in further defining the probability of high-grade cancer and in reaching a joint decision to either proceed with a prostate biopsy or continue monitoring.
Techne (TECH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Every now and then, a stock seemingly explodes out of nowhere. Right now, Avalon GloboCare (NASDAQ:AVCO) seems to be that stock. AVCO stock finished 2018 at $2.75. That same Avalon GloboCare stock closed Monday at $6.93, after touching $12 last week. Source: Shutterstock It's not at all clear what's driving the huge gains. Indeed, Will Healy wrote last week that the movement in AVCO stock was a mystery. There is an apparently interesting opportunity in the company's efforts in the exosome space. But questions surround how the company is attacking that opportunity -- and why investors value AVCO at some $500 million. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### The AVCO Stock Story Avalon Globocare was incorporated as Global Technologies, and issued its first Form 10-K in February 2016. At the time, the company had 7 million shares outstanding and zero employees. The K cites a plan to develop back office software, which sounds roughly like the business model of Square (NYSE:SQ). * 7 High-Dividend Stocks Yielding More Than 5% (Plus a Bonus) In 2016, the company executed a reverse split and changed its name to Avalon GloboCare. The company that was a software developer now had a multi-pronged medical strategy. AVCO would develop an "Avalon cell" platform, with four different programs. One was a focus on CAR-T immunotherapy; remember that Gilead Sciences (NASDAQ:GILD) bought CAR-T leader Kite Pharma for $12 billion last year. Beyond "Avalon cell," AVCO also noted a potential telemedicine opportunity, and a rehabilitation offering in China. And it cited the potential for M&A, joint venture and consulting opportunities. Last year, the company acquired 60% of GenExosome Technologies for $1.3 million in cash and 500,000 shares. It also acquired property in New Jersey, with rental income contributing to revenue, along with consulting. And this week, GenExosome announced the discovery of the "world's first saliva-based exosomal biomarker," which potentially could be used in detecting and treating oral cancer. If that pans out, the opportunities could be huge, so it does seem like Avalon GloboCare is making some progress. But there are some very real questions here. ### Strategic Questions for Avalon GloboCare The most obvious question surrounding AVCO stock is why, exactly, the company is supposed to be successful. This is a company that closed the third quarter with $3.8 million in cash. That's barely enough to support any of the company's initiatives: indeed, the company has free cash flow of negative $3.6 million in just the first three quarters of this year, per the 10-Q. So why the multiple efforts? And what is Avalon GloboCare's edge in any of them? Meanwhile, the strategy per the most recent 10-K seems to go even further. The company cites an "initial component" of its strategy as "acquiring and/or managing fixed assets including healthcare real estate as well as stem cell banks." This comes after the company - which, again, has less than $4 million in cash - spent over $7 million to purchase, rather than lease, its New Jersey headquarters. The overall strategy here seems unfocused, to say the least. Is the company a consulting firm? A real estate management company? A drug developer? It's not clear. To be sure, Exosome technology in theory has promise: one analyst called the category "the rising star in drug delivery." And Bio-Techne (NASDAQ:TECH) paid $250 million in cash, plus contingent consideration, for Exosome Diagnostics last year. But Avalon GloboCare doesn't even seem to be focusing on that opportunity. And a company that does many things isn't likely to do any of them well. Meanwhile, with less than $4 million in cash, there clearly isn't enough to properly support any of these efforts. That means an AVCO stock offering likely is on the way. But it also suggests that Avalon GloboCare stock could be notably overvalued. ### The Valuation of Avalon GloboCare Stock It's impossible to evaluate AVCO stock through pure fundamental analysis. Revenue outside of property rental is just $370,000 so far this year. But what figures we do have suggest that a stock price near $7 is somewhat foolish. The 60% stake in GenExosome was acquired for $1.3 million in cash and roughly $1 million worth of stock. If that business is driving the recent optimism, why was such a valuable business sold for an implied valuation of $4 million? Avalon GloboCare itself sold stock last year -- at $1.75 and $2.25. Even acknowledging that small-cap companies have to execute offerings at a substantial discount, Avalon GloboCare issued stock at barely one-fourth the current price. Between M&A and the equity offering, nothing AVCO itself has done suggests that the company believes it should be worth roughly $500 million. That's the current market capitalization of AVCO, based on the quarter-end figure of 72.573 million shares outstanding. Investors should note that AVCO -- which hasn't really accomplished anything, and which has significant financial and strategic questions -- now is worth more than Exosome Technologies when it was bought out, even accounting for the present value of the contingent consideration. That seems aggressive for a company with basically one accomplishment of note. That's particularly true given that as recently as 2015 the company was trying to develop software. How the rest of this story will play out is unclear, admittedly. But it does seem already like the absolute best-case scenario is priced in. As of this writing, Vince Martin had no positions in any securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With High ESG Momentum * 7 Chinese Stocks to Buy Now * 5 Dow Jones Stocks Under Pressure Compare Brokers The post Avalon GloboCare Stock Is an Expensive Mystery appeared first on InvestorPlace.
MINNEAPOLIS , Jan. 29, 2019 /PRNewswire/ -- Bio-Techne today announced the launch of a new customizable cartridge format for their ProteinSimple-branded Ella™ immunoassay platform. Ella allows users to ...
MINNEAPOLIS , Jan. 28, 2019 /PRNewswire/ -- Bio-Techne today announced the launch of the CE-SDS PLUS system for its ProteinSimple-branded Maurice ™ platform. This new system further expands the usability ...
Overlooked life sciences stocks, fueled by genetic testing and drug research spending, are poised to sharply outperform the market.
MINNEAPOLIS , Jan. 24, 2019 /PRNewswire/ -- Bio-Techne announces the launch of their cell and gene therapy portfolio. As a leading manufacturer of GMP-grade ancillary materials and automated instrumentation, ...
Stocks of companies that make diagnostic health products have had a strong run, and with increased demand and plenty of money for R&D, more gains could be on the way.
MINNEAPOLIS , Jan. 16, 2019 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ:TECH) today announced that management will host a conference call on Tuesday, February 5, 2019 , at 8:00 a.m. CST to review second ...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll look at Bio-Techne Corporation's (NASDAQ:TECH) P/E ratio and reflect on Read More...
MINNEAPOLIS , Dec. 20, 2018 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ:TECH) today announced that Chuck Kummeth , President and Chief Executive Officer will present at the 37 th Annual J.P. Morgan ...
Does Bio-Techne Corporation (NASDAQ:TECH) represent a good buying opportunity at the moment? Let’s briefly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on research activities, so it is no wonder why they tend to generate millions in profits […]
Bio-Techne Corporation (NASDAQ:TECH), which is in the life sciences business, and is based in United States, received a lot of attention from a substantial price movement on the NasdaqGS over Read More...