A share price of Neogen Corp [NEOG] is currently trading at $10.42, up 3.78%. 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 6.00% over the last week, with a monthly amount drifted -11.24%, and not seem to be holding up well over a long-time horizon.
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.
Neogen Corp experienced fluctuations in its stock price throughout the past year between $9.70 and $18.58. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Neogen Corp [NASDAQ: NEOG] shares were valued at $10.42 at the most recent close of the market. An investor can expect a potential return of 67.95% based on the average NEOG price forecast.
Analyzing the NEOG fundamentals
Trailing Twelve Months sales for Neogen Corp [NASDAQ:NEOG] were 913.83M which represents 0.71% growth. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at -0.47%, Pretax Profit Margin comes in at -0.55%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.16 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 10.02 points at the first support level, and at 9.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.66, and for the 2nd resistance point, it is at 10.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Neogen Corp [NASDAQ:NEOG] is 3.77. Also, the Quick Ratio is 2.46, while the Cash Ratio stands at 0.93. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 0.85.
Transactions by insiders
Recent insider trading involved Naemura David H., CFO, that happened on Jan 16 ’25 when 14800.0 shares were purchased. CEO, ADENT JOHN EDWARD completed a deal on Jan 16 ’25 to buy 23035.0 shares. Meanwhile, CEO ADENT JOHN EDWARD bought 14500.0 shares on Oct 11 ’24.
