Investor’s Delight: Neogen Corp. (NEOG) Closes Weak at 15.08, Down -0.98

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The closing price of Neogen Corp. (NASDAQ: NEOG) was $15.08 for the day, down -0.98% from the previous closing price of $15.23. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 1.28 million shares were traded. NEOG stock price reached its highest trading level at $15.44 during the session, while it also had its lowest trading level at $15.07.


Our analysis of NEOG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.66 and its Current Ratio is at 3.82. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 17 ’24 when Jones Douglas Edward bought 10,000 shares for $12.36 per share. The transaction valued at 123,590 led to the insider holds 46,131 shares of the business.

BOREL JAMES C bought 7,500 shares of NEOG for $97,986 on Apr 11 ’24. The Director now owns 21,392 shares after completing the transaction at $13.06 per share. On Apr 10 ’24, another insider, ADENT JOHN EDWARD, who serves as the CEO of the company, bought 23,000 shares for $12.36 each. As a result, the insider paid 284,190 and bolstered with 152,389 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 3266448640 and an Enterprise Value of 4003014912. As of this moment, Neogen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2094.44, and their Forward P/E ratio for the next fiscal year is 1005.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 209.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.52 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 4.308 whereas that against EBITDA is 16.222.

Stock Price History:

The Beta on a monthly basis for NEOG is 1.20, which has changed by -0.3117298 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, NEOG has reached a high of $24.09, while it has fallen to a 52-week low of $11.46. The 50-Day Moving Average of the stock is 5.47%, while the 200-Day Moving Average is calculated to be -5.63%.

Shares Statistics:

NEOG traded an average of 2.39M shares per day over the past three months and 1624150 shares per day over the past ten days. A total of 216.25M shares are outstanding, with a floating share count of 216.21M. Insiders hold about 0.19% of the company’s shares, while institutions hold 110.64% stake in the company. Shares short for NEOG as of 1718323200 were 23115894 with a Short Ratio of 9.68, compared to 1715731200 on 19573050. Therefore, it implies a Short% of Shares Outstanding of 23115894 and a Short% of Float of 12.04.

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