Institutional Exposure To Neogen Corp. (NEOG)

Neogen Corp. (NEOG) concluded trading on Thursday at a closing price of $16.20, with 2.98 million shares of worth about $48.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.86% during that period and on July 11, 2024 the price saw a gain of about 6.82%. Currently the company’s common shares owned by public are about 216.25M shares, out of which, 216.21M shares are available for trading.

Stock saw a price change of 6.54% in past 5 days and over the past one month there was a price change of 0.34%. Year-to-date (YTD), NEOG shares are showing a performance of -19.42% which decreased to -26.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.46 but also hit the highest price of $24.09 during that period. The average intraday trading volume for Neogen Corp. shares is 2.24 million. The stock is currently trading 1.25% above its 20-day simple moving average (SMA20), while that difference is up 12.01% for SMA50 and it goes to 1.87% higher than SMA200.

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Neogen Corp. (NASDAQ: NEOG) currently have 216.25M outstanding shares and institutions hold larger chunk of about 110.82% of that.

The stock has a current market capitalization of $3.51B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 2250.69, while it has posted earnings per share of $0.01 in the same period. Its PEG reads 225.07 and has Quick Ratio of 2.66 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NEOG, volatility over the week remained 3.63% while standing at 3.52% over the month.

Stock’s fiscal year EPS is expected to rise by 77.78% while it is estimated to increase by 200.00% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on June 16, 2023 offering an Overweight rating for the stock and assigned a target price of $22 to it. Stock get a Neutral rating from ROTH Capital on December 05, 2017.

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