At the time of writing, Neogen Corp [NEOG] stock is trading at $12.12, up 0.66%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NEOG shares have gain 2.28% over the last week, with a monthly amount drifted -16.87%, 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 December 19, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $15. Previously, Wells Fargo started tracking the stock with Overweight rating on June 16, 2023, and set its price target to $22. On November 22, 2022, upgrade upgraded it’s rating to Outperform. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $25 on July 12, 2022. Guggenheim initiated its recommendation with a Neutral. In a note dated July 14, 2017, CL King initiated an Neutral 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 $12.12 at the most recent close of the market. An investor can expect a potential return of 44.39% 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. 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 11.92 points at the first support level, and at 11.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.24, and for the 2nd resistance point, it is at 12.36.
Ratios To Look Out For
It is important to note that Neogen Corp [NASDAQ:NEOG] has a current ratio of 4.41. Further, the Quick Ratio stands at 2.79, while the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 0.84.
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.
