Neogen Corp. [NEOG] stock prices are up 1.12% to $17.19 at the moment. 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 5.40% over the last week, with a monthly amount drifted -0.64%, 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.
The stock price of Neogen Corp. [NEOG] has been fluctuating between $11.46 and $23.64 over the past year. Currently, Wall Street analysts expect the stock to reach $17.5 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 return of 1.8% based on the average NEOG price forecast.
Analyzing the NEOG fundamentals
The Neogen Corp. [NASDAQ:NEOG] reported sales of 924.22M for trailing twelve months, representing a drop of -2.07%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.02%, 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. 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 16.92 points at the first support level, and at 16.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.39, and for the 2nd resistance point, it is at 17.60.
Ratios To Look Out For
It’s worth pointing out that Neogen Corp. [NASDAQ:NEOG]’s Current Ratio is 3.82. Also, the Quick Ratio is 2.59, while the Cash Ratio stands at 1.11. Considering the valuation of this stock, the price to sales ratio is 4.03, the price to book ratio is 1.18.
Transactions by insiders
Recent insider trading involved Tobin James P, Director, that happened on Aug 06 ’24 when 3000.0 shares were purchased. Chief Operating Officer, Jones Douglas Edward completed a deal on Apr 17 ’24 to buy 10000.0 shares. Meanwhile, Director BOREL JAMES C bought 7500.0 shares on Apr 11 ’24.
