The stock of Neogen Corp. (NEOG) has gone down by -0.97% for the week, with a -15.46% drop in the past month and a -20.97% drop in the past quarter. The volatility ratio for the week is 3.80%, and the volatility levels for the past 30 days are 4.40% for NEOG. The simple moving average for the past 20 days is -3.22% for NEOG’s stock, with a -30.91% simple moving average for the past 200 days.
Is It Worth Investing in Neogen Corp. (NASDAQ: NEOG) Right Now?
The price-to-earnings ratio for Neogen Corp. (NASDAQ: NEOG) is above average at 1701.39x, Company’s 36-month beta value is 1.17.Analysts have differing 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 216.22M, and currently, short sellers hold a 8.17% ratio of that floaft. The average trading volume of NEOG on May 02, 2024 was 2.00M shares.
NEOG) stock’s latest price update
The stock price of Neogen Corp. (NASDAQ: NEOG) has plunged by -0.65 when compared to previous closing price of 12.33, but the company has seen a -0.97% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Neogen (NEOG) announces a genomics relationship with Performance Food Group to trace food products back to their origin using PathProven food trace technology.
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 -49.16% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares sank -14.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.99% lower at present.
During the last 5 trading sessions, NEOG fell by -0.97%, which changed the moving average for the period of 200-days by -46.18% in comparison to the 20-day moving average, which settled at $12.56. In addition, Neogen Corp. saw -39.09% 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 Jones Douglas Edward, who purchase 10,000 shares at the price of $12.36 back on Apr 17 ’24. After this action, Jones Douglas Edward now owns 46,131 shares of Neogen Corp., valued at $123,590 using the latest closing price.
BOREL JAMES C, the Director of Neogen Corp., purchase 7,500 shares at $13.06 during a trade that took place back on Apr 11 ’24, which means that BOREL JAMES C is holding 21,392 shares at $97,986 based on the most recent closing price.
Stock Fundamentals for NEOG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.51 for the gross margin
The net margin for Neogen Corp. stands at 0.0. The total capital return value is set at 0.02. Equity return is now at value 0.05, with 0.03 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 0.11. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 1.93.
Currently, EBITDA for the company is 37.52 million with net debt to EBITDA at 4.55. When we switch over and look at the enterprise to sales, we see a ratio of 3.64. The receivables turnover for the company is 5.35for 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 3.82.
Conclusion
In a nutshell, Neogen Corp. (NEOG) has experienced a bad performance in recent times. The stock has received mixed “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.
