A share price of Neogen Corp. [NEOG] is currently trading at $17.19, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEOG shares have gain 1.36% over the last week, with a monthly amount glided 10.90%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Neogen® Announces James Walter as Vice President, Global Operations. In a post published today on Yahoo Finance, Neogen® Corporation (NASDAQ: NEOG) announced that the Company has appointed James Walter to the position of Vice President, Global Operations. In this role, Mr. Walter will lead and manage Neogen’s global manufacturing and logistics functions.
From an analyst’s perspective:
Neogen Corp. [NASDAQ: NEOG] stock has seen the most recent analyst activity on June 16, 2023, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $22. Previously, William Blair upgraded its rating to Outperform on November 22, 2022. On July 12, 2022, Piper Sandler initiated with a Neutral rating and assigned a price target of $25 on the stock. Guggenheim started tracking the stock assigning a Neutral rating. In a note dated June 05, 2014, William Blair initiated an Mkt Perform rating.
Neogen Corp. experienced fluctuations in its stock price throughout the past year between $14.44 and $24.09. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Neogen Corp. [NASDAQ: NEOG] shares were valued at $17.19 at the most recent close of the market. An investor can expect a potential drop of -1.11% based on the average NEOG price forecast.
Analyzing the NEOG fundamentals
Trailing Twelve Months sales for Neogen Corp. [NASDAQ:NEOG] were 918.68M which represents -0.18% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.88 points at the first support level, and at 16.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.47, and for the 2nd resistance point, it is at 17.75.
Neogen Corp. [NEOG] reported earnings per share of $0.11 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of -$0.03 and a surprise factor of -21.40%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.11 per share as compared to estimates of $0.12 per share, a difference of -$0.01 representing a surprise of -8.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Neogen Corp. [NASDAQ:NEOG] is 3.54. Also, the Quick Ratio is 2.63, while the Cash Ratio stands at 1.17. Considering the valuation of this stock, the price to sales ratio is 4.05, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 315.99.
Transactions by insiders
Recent insider trading involved BOEHM WILLIAM T, Director, that happened on Nov 03 when 2000.0 shares were purchased. Chief Operating Officer, Jones Douglas Edward completed a deal on Oct 25 to buy 10000.0 shares. Meanwhile, Vice President Lilly Jason Warren sold 351.0 shares on Oct 13.
