Some Investing Thoughts On Neogen Corp. (NASDAQ: NEOG)

Neogen Corp. (NEOG) concluded trading on Thursday at a closing price of $13.79, with 3.79 million shares of worth about $52.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.08% during that period and on October 10, 2024 the price saw a loss of about -7.14%. Currently the company’s common shares owned by public are about 216.61M shares, out of which, 216.30M shares are available for trading.

Stock saw a price change of -7.70% in past 5 days and over the past one month there was a price change of -9.57%. Year-to-date (YTD), NEOG shares are showing a performance of -31.43% which decreased to -14.13% 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 $20.89 during that period. The average intraday trading volume for Neogen Corp. shares is 1.62 million. The stock is currently trading -14.36% below its 20-day simple moving average (SMA20), while that difference is down -15.18% for SMA50 and it goes to -12.48% lower than SMA200.

Neogen Corp. (NASDAQ: NEOG) currently have 216.61M outstanding shares and institutions hold larger chunk of about 116.99% of that.

The stock has a current market capitalization of $2.99B and its 3Y-monthly beta is at 1.21. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 2.79 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 4.39% while standing at 4.24% over the month.

Stock’s fiscal year EPS is expected to rise by 200.00% while it is estimated to increase by 300.00% 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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