Neos Therapeutics, Inc. (NASDAQ:NEOS) has a beta value of 1.85 and has seen 787,349 shares traded in the last trading session. The company, currently valued at $24.19 Million, closed the last trade at $0.47 per share which meant it lost $0 on the day or -1.98% during that session. The NEOS stock price is -321.28% off its 52-week high price of $1.98 and 4.26% above the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 294.66 Million shares traded. The 3-month trading volume is 203.9 Million shares.
The consensus among analysts is that Neos Therapeutics, Inc. (NEOS) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Neos Therapeutics, Inc. (NASDAQ:NEOS) trade information
Despite being -1.98% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 12 when the NEOS stock price touched $0.5397 or saw a rise of 13.73%. Year-to-date, Neos Therapeutics, Inc. shares have moved -69.17%, while the 5-day performance has seen it change -11.83%. Over the past 30 days, the shares of Neos Therapeutics, Inc. (NASDAQ:NEOS) have changed -32.04%. Short interest in the company has seen 2.24 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $6.75, which means that the shares’ value could jump 1336.17% from current levels. The projected low price target is $2 while the price target rests at a high of $10. In that case, then, we find that the current price level is +2027.66% off the targeted high while a plunge would see the stock lose 325.53% from current levels.
Neos Therapeutics, Inc. (NEOS) estimates and forecasts
Figures show that Neos Therapeutics, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -49.41% over the past 6 months, with this year growth rate of -17.65%, compared to 15.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -25% and 100% for the next quarter. Revenue growth from the last financial year stood is estimated to be -3%.
3 analysts offering their estimates for the company have set an average revenue estimate of $15.47 Million for the current quarter. 3 have an estimated revenue figure of $18.93 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $17.54 Million and $16.83 Million respectively for this quarter and the next, and analysts expect sales will grow by -11.8% for the current quarter and 12.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +28.1% over the past 5 years. Earnings growth for 2020 is a modest +78.8% while over the next 5 years, the company’s earnings are expected to increase by 31.7%.
Neos Therapeutics, Inc. (NASDAQ:NEOS)’s Major holders
Insiders own 1.83% of the company shares, while shares held by institutions stand at 42.9% with a share float percentage of 43.7%. Investors are also buoyed by the number of investors in a company, with Neos Therapeutics, Inc. having a total of 67 institutions that hold shares in the company. The top two institutional holders are Nantahala Capital Management, LLC with over 4.61 Million shares worth more than $3.16 Million. As of June 29, 2020, Nantahala Capital Management, LLC held 9.27% of shares outstanding.
The other major institutional holder is Stonepine Capital Management, LLC, with the holding of over 4.45 Million shares as of June 29, 2020. The firm’s total holdings are worth over $3.05 Million and represent 8.94% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of June 29, 2020, the former fund manager holds about 2.25% shares in the company for having 1121410 shares of worth $768.17 Thousand while later fund manager owns 585.39 Thousand shares of worth $400.99 Thousand as of June 29, 2020, which makes it owner of about 1.18% of company’s outstanding stock.