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The price of Neogen Corp. (NASDAQ: NEOG) closed at $16.46 in the last session, down -2.89% from day before closing price of $16.95. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 1.21 million shares were traded. NEOG stock price reached its highest trading level at $17.05 during the session, while it also had its lowest trading level at $16.34.
Ratios:
We take a closer look at NEOG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.59 and its Current Ratio is at 3.82. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 06 ’24 when Tobin James P bought 3,000 shares for $16.86 per share. The transaction valued at 50,571 led to the insider holds 23,392 shares of the business.
Jones Douglas Edward bought 10,000 shares of NEOG for $123,590 on Apr 17 ’24. The Chief Operating Officer now owns 46,131 shares after completing the transaction at $12.36 per share. On Apr 11 ’24, another insider, BOREL JAMES C, who serves as the Director of the company, bought 7,500 shares for $13.06 each. As a result, the insider paid 97,986 and bolstered with 21,392 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 3566848768 and an Enterprise Value of 4299872256. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 4.652 whereas that against EBITDA is 22.459.
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 -1.06%, while the 200-Day Moving Average is calculated to be 2.99%.
Shares Statistics:
According to the various share statistics, NEOG traded on average about 1.67M shares per day over the past 3-months and 1461460 shares per day over the past 10 days. A total of 216.61M shares are outstanding, with a floating share count of 216.30M. Insiders hold about 0.18% of the company’s shares, while institutions hold 116.48% stake in the company. Shares short for NEOG as of 1724976000 were 22437230 with a Short Ratio of 13.25, compared to 1722384000 on 22339211. Therefore, it implies a Short% of Shares Outstanding of 22437230 and a Short% of Float of 11.690000000000001.
