After finishing at $14.38 in the prior trading day, Neogen Corp. (NASDAQ: NEOG) closed at $13.04, down -9.32%. In other words, the price has decreased by -$1.34 from its previous closing price. On the day, 7792417 shares were traded.
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 2.66 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:
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 Nov 03 ’23 when BOEHM WILLIAM T bought 2,000 shares for $16.05 per share. The transaction valued at 32,110 led to the insider holds 26,509 shares of the business.
Jones Douglas Edward bought 10,000 shares of NEOG for $151,727 on Oct 25 ’23. The Chief Operating Officer now owns 36,131 shares after completing the transaction at $15.17 per share. On Oct 13 ’23, another insider, Lilly Jason Warren, who serves as the Vice President of the company, sold 351 shares for $15.10 each. As a result, the insider received 5,300 and left with 26,744 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 2.82B and an Enterprise Value of 3.48B. As of this moment, Neogen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1811.11, and their Forward P/E ratio for the next fiscal year is 84.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 181.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 3.79 whereas that against EBITDA is 18.40.
Stock Price History:
Over the past 52 weeks, NEOG has reached a high of $24.09, while it has fallen to a 52-week low of $13.94. The 50-Day Moving Average of the stock is 15.96, while the 200-Day Moving Average is calculated to be 18.45.
Shares Statistics:
The stock has traded on average 1.91M shares per day over the past 3-months and 2.38M shares per day over the last 10 days, according to various share statistics. A total of 216.52M shares are outstanding, with a floating share count of 216.25M. Insiders hold about 0.13% of the company’s shares, while institutions hold 107.54% stake in the company. Shares short for NEOG as of Mar 15, 2024 were 16.22M with a Short Ratio of 8.49, compared to 14.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.49% and a Short% of Float of 8.45%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.14, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.17, with high estimates of $0.17 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.54 and $0.54 for the fiscal current year, implying an average EPS of $0.54. EPS for the following year is $0.72, with 1 analysts recommending between $0.72 and $0.72.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for NEOG’s current fiscal year. The highest revenue estimate was $938.51M, while the lowest revenue estimate was $937.8M, resulting in an average revenue estimate of $938.15M. In the same quarter a year ago, actual revenue was $822.45M, up 14.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $985.46M in the next fiscal year. The high estimate is $990.2M and the low estimate is $980.72M. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
