For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Neogen Corp.’s stock clocked out at $12.42, up 2.31% from its previous closing price of $12.14. In other words, the price has increased by $2.31 from its previous closing price. On the day, 1.91 million shares were traded. NEOG stock price reached its highest trading level at $12.645 during the session, while it also had its lowest trading level at $12.08.
Ratios:
To gain a deeper understanding of NEOG’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 17 ’24 when Jones Douglas Edward bought 10,000 shares for $12.36 per share. The transaction valued at 123,590 led to the insider holds 46,131 shares of the business.
BOREL JAMES C bought 7,500 shares of NEOG for $97,986 on Apr 11 ’24. The Director now owns 21,392 shares after completing the transaction at $13.06 per share. On Apr 10 ’24, another insider, ADENT JOHN EDWARD, who serves as the CEO of the company, bought 23,000 shares for $12.36 each. As a result, the insider paid 284,190 and bolstered with 152,389 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 2690271488 and an Enterprise Value of 3426838272. As of this moment, Neogen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1725.00, and their Forward P/E ratio for the next fiscal year is 828.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 172.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 3.688 whereas that against EBITDA is 13.887.
Stock Price History:
The Beta on a monthly basis for NEOG is 1.17, which has changed by -0.26682407 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, NEOG has reached a high of $24.09, while it has fallen to a 52-week low of $11.46. The 50-Day Moving Average of the stock is -16.89%, while the 200-Day Moving Average is calculated to be -30.35%.
Shares Statistics:
It appears that NEOG traded 2.01M shares on average per day over the past three months and 2373240 shares per day over the past ten days. A total of 216.25M shares are outstanding, with a floating share count of 216.22M. Insiders hold about 0.18% of the company’s shares, while institutions hold 103.38% stake in the company. Shares short for NEOG as of 1713139200 were 17655004 with a Short Ratio of 8.77, compared to 1710460800 on 16215177. Therefore, it implies a Short% of Shares Outstanding of 17655004 and a Short% of Float of 9.2.
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of Neogen Corp. (NEOG) in the stock market.On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.11, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.12, with high estimates of $0.12 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.46 and $0.46 for the fiscal current year, implying an average EPS of $0.46. EPS for the following year is $0.55, with 1.0 analysts recommending between $0.55 and $0.55.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $224.75M. It ranges from a high estimate of $226.8M to a low estimate of $222.71M. As of the current estimate, Neogen Corp.’s year-ago sales were $241.81MFor the next quarter, 2 analysts are estimating revenue of $228.85M. There is a high estimate of $231.6M for the next quarter, whereas the lowest estimate is $226.1M.
A total of 2 analysts have provided revenue estimates for NEOG’s current fiscal year. The highest revenue estimate was $914.3M, while the lowest revenue estimate was $910.13M, resulting in an average revenue estimate of $912.21M. In the same quarter a year ago, actual revenue was $822.45MBased on 2 analysts’ estimates, the company’s revenue will be $937.56M in the next fiscal year. The high estimate is $939.6M and the low estimate is $935.53M.
