Neogen Corp. (NASDAQ: NEOG)’s stock price has gone decline by -7.41 in comparison to its previous close of 14.38, however, the company has experienced a -8.11% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that Neogen (NEOG) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.12 per share a year ago.
Is It Worth Investing in Neogen Corp. (NASDAQ: NEOG) Right Now?
The price-to-earnings ratio for Neogen Corp. (NASDAQ: NEOG) is 244.76x, which is above its average ratio. Moreover, the 36-month beta value for NEOG is 1.13. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for NEOG is 216.25M and currently, short sellers hold a 7.50% of that float. On April 09, 2024, NEOG’s average trading volume was 1.91M shares.
NEOG’s Market Performance
NEOG stock saw a decrease of -8.11% in the past week, with a monthly decline of -18.66% and a quarterly a decrease of -32.89%. The volatility ratio for the week is 3.39%, and the volatility levels for the last 30 days are 3.44% for Neogen Corp. (NEOG). The simple moving average for the last 20 days is -12.01% for NEOG’s stock, with a simple moving average of -27.98% for the last 200 days.
Analysts’ Opinion of NEOG
Many brokerage firms have already submitted their reports for NEOG stocks, with Wells Fargo repeating the rating for NEOG by listing it as a “Overweight.” The predicted price for NEOG in the upcoming period, according to Wells Fargo is $22 based on the research report published on June 16, 2023 of the previous year 2023.
Piper Sandler gave a rating of “Neutral” to NEOG, setting the target price at $25 in the report published on July 12th of the previous year.
NEOG Trading at -16.87% from the 50-Day Moving Average
After a stumble in the market that brought NEOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.74% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares sank -16.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.48% lower at present.
During the last 5 trading sessions, NEOG fell by -6.97%, which changed the moving average for the period of 200-days by -37.33% in comparison to the 20-day moving average, which settled at $15.00. In addition, Neogen Corp. saw -33.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEOG starting from BOEHM WILLIAM T, who purchase 2,000 shares at the price of $16.05 back on Nov 03 ’23. After this action, BOEHM WILLIAM T now owns 26,509 shares of Neogen Corp., valued at $32,110 using the latest closing price.
Jones Douglas Edward, the Chief Operating Officer of Neogen Corp., purchase 10,000 shares at $15.17 during a trade that took place back on Oct 25 ’23, which means that Jones Douglas Edward is holding 36,131 shares at $151,727 based on the most recent closing price.
Stock Fundamentals for NEOG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.51 for the gross margin
The net margin for Neogen Corp. stands at 0.01. The total capital return value is set at 0.01. Equity return is now at value 0.38, with 0.26 for asset returns.
Based on Neogen Corp. (NEOG), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 37.52 million with net debt to EBITDA at 5.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.86. The receivables turnover for the company is 6.1for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.54.
Conclusion
To wrap up, the performance of Neogen Corp. (NEOG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
