At the time of writing, Neogen Corp. [NEOG] stock is trading at $14.46, down -1.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEOG shares have gain 4.86% over the last week, with a monthly amount drifted -16.13%, 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.
For the past year, the stock price of Neogen Corp. fluctuated between $11.46 and $20.89. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Neogen Corp. [NASDAQ: NEOG] shares were valued at $14.46 at the most recent close of the market. An investor can expect a potential return of 21.02% based on the average NEOG price forecast.
Analyzing the NEOG fundamentals
According to Neogen Corp. [NASDAQ:NEOG], the company’s sales were 912.20M for trailing twelve months, which represents an -5.25% plunge. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 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 0.29.
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 14.26 points at the first support level, and at 14.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.74, and for the 2nd resistance point, it is at 15.02.
Ratios To Look Out For
It is important to note that Neogen Corp. [NASDAQ:NEOG] has a current ratio of 4.41. On the other hand, the Quick Ratio is 2.79, and the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 3.44, the price to book ratio is 1.00.
Transactions by insiders
Recent insider trading involved ADENT JOHN EDWARD, CEO, that happened on Oct 11 ’24 when 14500.0 shares were purchased. Director, Tobin James P completed a deal on Aug 06 ’24 to buy 3000.0 shares. Meanwhile, Chief Operating Officer Jones Douglas Edward bought 10000.0 shares on Apr 17 ’24.
