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After finishing at $11.56 in the prior trading day, Neogen Corp (NASDAQ: NEOG) closed at $11.74, up 1.56%. In other words, the price has increased by $1.56 from its previous closing price. On the day, 3.02 million shares were traded. NEOG stock price reached its highest trading level at $11.9 during the session, while it also had its lowest trading level at $11.32.
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 2.46 and its Current Ratio is at 3.77. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.33.
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, Guggenheim on December 19, 2024, initiated with a Buy rating and assigned the stock a target price of $15.
On June 16, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $22.
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 Jan 16 ’25 when Naemura David H. bought 14,800 shares for $11.11 per share. The transaction valued at 164,428 led to the insider holds 61,434 shares of the business.
ADENT JOHN EDWARD bought 23,035 shares of NEOG for $254,076 on Jan 16 ’25. The CEO now owns 269,164 shares after completing the transaction at $11.03 per share. On Oct 11 ’24, another insider, ADENT JOHN EDWARD, who serves as the CEO of the company, bought 14,500 shares for $13.80 each. As a result, the insider paid 200,100 and bolstered with 216,477 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 2546922496 and an Enterprise Value of 3606172672. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 3.953 whereas that against EBITDA is 20.086.
Stock Price History:
The Beta on a monthly basis for NEOG is 1.23, which has changed by -0.29383016 over the last 52 weeks, in comparison to a change of 0.23171377 over the same period for the S&P500. Over the past 52 weeks, NEOG has reached a high of $18.58, while it has fallen to a 52-week low of $10.72. The 50-Day Moving Average of the stock is -11.73%, while the 200-Day Moving Average is calculated to be -19.77%.
Shares Statistics:
The stock has traded on average 2.06M shares per day over the past 3-months and 3754590 shares per day over the last 10 days, according to various share statistics. A total of 216.94M shares are outstanding, with a floating share count of 216.36M. Insiders hold about 0.27% of the company’s shares, while institutions hold 117.72% stake in the company. Shares short for NEOG as of 1734048000 were 21172752 with a Short Ratio of 10.75, compared to 1731628800 on 23122123. Therefore, it implies a Short% of Shares Outstanding of 21172752 and a Short% of Float of 11.06.
Earnings Estimates
A detailed examination of Neogen Corp (NEOG) is currently in progress, with 2.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.13, with high estimates of $0.14 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.44 and $0.41 for the fiscal current year, implying an average EPS of $0.43. EPS for the following year is $0.49, with 2.0 analysts recommending between $0.55 and $0.42.
Revenue Estimates
3 analysts predict $225.27M in revenue for the current quarter. It ranges from a high estimate of $229.1M to a low estimate of $221.2M. As of the current estimate, Neogen Corp’s year-ago sales were $228.81MFor the next quarter, 3 analysts are estimating revenue of $238.03M. There is a high estimate of $239.7M for the next quarter, whereas the lowest estimate is $235.59M.
A total of 3 analysts have provided revenue estimates for NEOG’s current fiscal year. The highest revenue estimate was $917M, while the lowest revenue estimate was $905.02M, resulting in an average revenue estimate of $911.51M. In the same quarter a year ago, actual revenue was $924.22MBased on 3 analysts’ estimates, the company’s revenue will be $948.35M in the next fiscal year. The high estimate is $954.4M and the low estimate is $938.06M.
