The price of Neogen Corp. (NASDAQ: NEOG) closed at $15.92 in the last session, down -1.67% from day before closing price of $16.19. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 1147142 shares were traded.
Ratios:
We take a closer look at NEOG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 208.53. For the most recent quarter (mrq), Quick Ratio is recorded 2.63 and its Current Ratio is at 3.54. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3.45B and an Enterprise Value of 4.11B. As of this moment, Neogen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 292.65, and their Forward P/E ratio for the next fiscal year is 86.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 29.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.75 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 4.47 whereas that against EBITDA is 21.71.
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 $14.44. The 50-Day Moving Average of the stock is 17.15, while the 200-Day Moving Average is calculated to be 18.84.
Shares Statistics:
According to the various share statistics, NEOG traded on average about 1.92M shares per day over the past 3-months and 1.15M shares per day over the past 10 days. 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 107.47% stake in the company. Shares short for NEOG as of Feb 29, 2024 were 15.82M with a Short Ratio of 8.24, compared to 12.75M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.31% and a Short% of Float of 8.25%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. 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 $0.77, with 1 analysts recommending between $0.77 and $0.77.
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 $991.49M in the next fiscal year. The high estimate is $992.78M and the low estimate is $990.2M. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
