Neogen Corp. [NEOG] stock prices are up 2.99% to $15.17 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NEOG shares have gain 0.26% over the last week, with a monthly amount drifted -5.83%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
The stock price of Neogen Corp. [NEOG] has been fluctuating between $11.46 and $24.09 over the past year. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Neogen Corp. [NASDAQ: NEOG] shares were valued at $15.17 at the most recent close of the market. An investor can expect a potential return of 12.06% based on the average NEOG price forecast.
Analyzing the NEOG fundamentals
The Neogen Corp. [NASDAQ:NEOG] reported sales of 929.24M for trailing twelve months, representing a surge of 4.84%. 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 14.79 points at the first support level, and at 14.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.37, and for the 2nd resistance point, it is at 15.58.
Ratios To Look Out For
It’s worth pointing out that Neogen Corp. [NASDAQ:NEOG]’s Current Ratio 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 3.54, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 2106.94.
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.
