The stock of Neogen Corp. (NEOG) has gone up by 0.27% for the week, with a -9.85% drop in the past month and a -16.16% drop in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are 4.45% for NEOG. The simple moving average for the last 20 days is -6.74% for NEOG’s stock, with a simple moving average of -5.97% for the last 200 days.
Is It Worth Investing in Neogen Corp. (NASDAQ: NEOG) Right Now?
The 36-month beta value for NEOG is at 1.20. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for NEOG is 216.25M, and currently, shorts hold a 10.62% of that float. The average trading volume for NEOG on October 16, 2024 was 1.65M shares.
NEOG) stock’s latest price update
Neogen Corp. (NASDAQ: NEOG) has experienced a rise in its stock price by 5.06 compared to its previous closing price of 14.02. However, the company has seen a gain of 0.27% in its stock price over the last five trading days. zacks.com reported 2024-10-15 that NEOG’s Food Safety and Animal Safety businesses witness a year-over-year decrease in revenues in the first quarter of fiscal 2025.
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 -8.68% 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 -29.49% of loss for the given period.
Volatility was left at 4.45%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares sank -12.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.79% lower at present.
During the last 5 trading sessions, NEOG rose by +0.27%, which changed the moving average for the period of 200-days by -27.94% in comparison to the 20-day moving average, which settled at $15.79. In addition, Neogen Corp. saw -26.75% 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 ADENT JOHN EDWARD, who purchase 14,500 shares at the price of $13.80 back on Oct 11 ’24. After this action, ADENT JOHN EDWARD now owns 216,477 shares of Neogen Corp., valued at $200,100 using the latest closing price.
Tobin James P, the Director of Neogen Corp., purchase 3,000 shares at $16.86 during a trade that took place back on Aug 06 ’24, which means that Tobin James P is holding 23,392 shares at $50,571 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
- 0.5 for the gross margin
The net margin for Neogen Corp. stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -0.75, with -0.52 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 -0.01. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 1.24.
Currently, EBITDA for the company is 198.65 million with net debt to EBITDA at 4.47. When we switch over and look at the enterprise to sales, we see a ratio of 4.35. The receivables turnover for the company is 5.44for 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 4.41.
Conclusion
In conclusion, Neogen Corp. (NEOG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
