NeoGenomics Inc (NEO)
NeoGenomics, Inc. operates a network of cancer-focused testing laboratories in the United States, Europe, and Asia. The company is headquartered in Fort Myers, Florida.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 25.24% per annum.
- NEO price at the close of November 19, 2024 was $15.36 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 6.99% per annum.
- NEO price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NEO price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 14, 2022
End date: November 19, 2024
a = 1.7480
b = 0.0006
s = 0.1952
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1952) – 1
= 118.30%
April 14, 2022 calculations
Top border of price channel:
Exp(Y604)
= Exp(a + b × X604 + 2 × s)
= Exp(a + b × 876 + 2 × s)
= Exp(1.7480 + 0.0006 × 876 + 2 × 0.1952)
= Exp(2.6784)
= $14.56
Bottom border of price channel:
Exp(Y604)
= Exp(a + b × X604 – 2 × s)
= Exp(a + b × 876 – 2 × s)
= Exp(1.7480 + 0.0006 × 876 – 2 × 0.1952)
= Exp(1.8978)
= $6.67
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.7480 + 0.0006 × 1,826 + 2 × 0.1952)
= Exp(3.2642)
= $26.16
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7480 + 0.0006 × 1,826 – 2 × 0.1952)
= Exp(2.4835)
= $11.98
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 25.24% per annum.
- NEO price at the close of November 19, 2024 was $15.36 and was inside the primary price channel.
Secondary Trend
Start date: February 23, 2023
End date: November 19, 2024
a = 3.0350
b = -0.0002
s = 0.1093
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1093) – 1
= 54.81%
February 23, 2023 calculations
Top border of price channel:
Exp(Y819)
= Exp(a + b × X819 + 2 × s)
= Exp(a + b × 1,191 + 2 × s)
= Exp(3.0350 + -0.0002 × 1,191 + 2 × 0.1093)
= Exp(3.0172)
= $20.43
Bottom border of price channel:
Exp(Y819)
= Exp(a + b × X819 – 2 × s)
= Exp(a + b × 1,191 – 2 × s)
= Exp(3.0350 + -0.0002 × 1,191 – 2 × 0.1093)
= Exp(2.5802)
= $13.20
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.0350 + -0.0002 × 1,826 + 2 × 0.1093)
= Exp(2.8912)
= $18.01
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0350 + -0.0002 × 1,826 – 2 × 0.1093)
= Exp(2.4542)
= $11.64
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 6.99% per annum.
- NEO price at the close of November 19, 2024 was inside the secondary price channel.