A share price of Neogen Corp. [NEOG] is currently trading at $12.14, down -0.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEOG shares have lost -2.88% over the last week, with a monthly amount drifted -19.44%, and not seem to be holding up well over a long-time horizon.
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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 $11.74 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 $12.14 at the most recent close of the market. An investor can expect a potential return of 40.03% based on the average NEOG price forecast.
Analyzing the NEOG fundamentals
Trailing Twelve Months sales for Neogen Corp. [NASDAQ:NEOG] were 929.24M which represents 4.84% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
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 11.86 points at the first support level, and at 11.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.46, and for the 2nd resistance point, it is at 12.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Neogen Corp. [NASDAQ:NEOG] is 3.82. On the other hand, the Quick Ratio is 2.66, and the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 2.83, the price to book ratio is 0.84 and price to earnings (TTM) ratio is 1686.11.
Transactions by insiders
Recent insider trading involved Jones Douglas Edward, Chief Operating Officer, that happened on Apr 17 ’24 when 10000.0 shares were purchased. Director, BOREL JAMES C completed a deal on Apr 11 ’24 to buy 7500.0 shares. Meanwhile, CEO ADENT JOHN EDWARD bought 23000.0 shares on Apr 10 ’24.
