Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $12.00 in the prior trading day, Neogen Corp (NASDAQ: NEOG) closed at $11.36, down -5.33%. In other words, the price has decreased by -$5.33 from its previous closing price. On the day, 4.37 million shares were traded. NEOG stock price reached its highest trading level at $12.35 during the session, while it also had its lowest trading level at $11.35.
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 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 2464483840 and an Enterprise Value of 3606172672. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 3.953 whereas that against EBITDA is 20.086.
Stock Price History:
Over the past 52 weeks, NEOG has reached a high of $18.58, while it has fallen to a 52-week low of $11.46. The 50-Day Moving Average of the stock is -15.72%, while the 200-Day Moving Average is calculated to be -22.61%.
Shares Statistics:
The stock has traded on average 1.89M shares per day over the past 3-months and 2846090 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 216.15M. Insiders hold about 0.25% of the company’s shares, while institutions hold 118.03% stake in the company. Shares short for NEOG as of 1734048000 were 21172752 with a Short Ratio of 11.71, compared to 1731628800 on 23122123. Therefore, it implies a Short% of Shares Outstanding of 21172752 and a Short% of Float of 11.06.
