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After finishing at $14.14 in the prior trading day, Neogen Corp (NASDAQ: NEOG) closed at $14.18, up 0.28%. In other words, the price has increased by $0.28 from its previous closing price. On the day, 0.78 million shares were traded. NEOG stock price reached its highest trading level at $14.33 during the session, while it also had its lowest trading level at $13.91.
Ratios:
Our goal is to gain a better understanding of NEOG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.79 and its Current Ratio is at 4.41. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on June 16, 2023, initiated with a Overweight rating and assigned the stock a target price of $22.
On July 12, 2022, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $25.Piper Sandler initiated its Neutral rating on July 12, 2022, with a $25 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 11 ’24 when ADENT JOHN EDWARD bought 14,500 shares for $13.80 per share. The transaction valued at 200,100 led to the insider holds 216,477 shares of the business.
Tobin James P bought 3,000 shares of NEOG for $50,571 on Aug 06 ’24. The Director now owns 23,392 shares after completing the transaction at $16.86 per share. On Apr 17 ’24, another insider, Jones Douglas Edward, who serves as the Chief Operating Officer of the company, bought 10,000 shares for $12.36 each. As a result, the insider paid 123,590 and bolstered with 46,131 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEOG now has a Market Capitalization of 3072777728 and an Enterprise Value of 3846707712. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.38 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 4.217 whereas that against EBITDA is 21.426.
Stock Price History:
Over the past 52 weeks, NEOG has reached a high of $20.89, while it has fallen to a 52-week low of $11.46. The 50-Day Moving Average of the stock is -5.66%, while the 200-Day Moving Average is calculated to be -7.06%.
Shares Statistics:
The stock has traded on average 1.54M shares per day over the past 3-months and 1581710 shares per day over the last 10 days, according to various share statistics. A total of 216.61M shares are outstanding, with a floating share count of 216.16M. Insiders hold about 0.25% of the company’s shares, while institutions hold 117.79% stake in the company. Shares short for NEOG as of 1731628800 were 23122123 with a Short Ratio of 15.02, compared to 1728950400 on 23137846. Therefore, it implies a Short% of Shares Outstanding of 23122123 and a Short% of Float of 12.0799996.
