After finishing at $13.00 in the prior trading day, Neogen Corp. (NASDAQ: NEOG) closed at $12.38, down -4.77%. On the day, 4246685 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 Apr 11 ’24 when BOREL JAMES C bought 7,500 shares for $13.06 per share. The transaction valued at 97,986 led to the insider holds 21,392 shares of the business.
ADENT JOHN EDWARD bought 23,000 shares of NEOG for $284,190 on Apr 10 ’24. The CEO now owns 152,389 shares after completing the transaction at $12.36 per share. On Apr 10 ’24, another insider, Naemura David H., who serves as the CFO of the company, bought 12,500 shares for $12.51 each. As a result, the insider paid 156,321 and bolstered with 30,040 shares of the company.
Valuation Measures:
As of this moment, Neogen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1719.44, and their Forward P/E ratio for the next fiscal year is 825.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 171.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 0.85.
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 $12.18.
Shares Statistics:
A total of 216.25M shares are outstanding, with a floating share count of 216.25M. Insiders hold about 0.13% of the company’s shares, while institutions hold 107.50% stake in the company.
Earnings Estimates
Its stock is currently analyzed by EOG Resources, Inc. different market analysts. The consensus estimate for the next quarter is $42.64, with high estimates of $12.38 and low estimates of $0.80.
Analysts are recommending an EPS of between $Healthcare and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Energy.
