Neogen Corp (NASDAQ: NEOG)’s stock price has plunge by -7.45relation to previous closing price of 15.31. Nevertheless, the company has seen a -6.10% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that NEOG faces intense competition resulting from competitors’ development of new technologies, which could affect the marketability and profitability of its products.
Is It Worth Investing in Neogen Corp (NASDAQ: NEOG) Right Now?
The stock has a 36-month beta value of 1.23. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for NEOG is 216.16M, and at present, short sellers hold a 9.10% of that float. On November 27, 2024, the average trading volume of NEOG was 1.54M shares.
NEOG’s Market Performance
NEOG’s stock has seen a -6.10% decrease for the week, with a 0.85% rise in the past month and a -15.76% fall in the past quarter. The volatility ratio for the week is 4.73%, and the volatility levels for the past 30 days are at 4.64% for Neogen Corp The simple moving average for the last 20 days is -5.77% for NEOG stock, with a simple moving average of -7.27% 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 -6.50% 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 -32.17% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 4.73%, as shares sank -1.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.00% lower at present.
During the last 5 trading sessions, NEOG fell by -6.10%, which changed the moving average for the period of 200-days by -19.35% in comparison to the 20-day moving average, which settled at $15.04. In addition, Neogen Corp saw -29.54% 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 0.63.
Currently, EBITDA for the company is 182.6 million with net debt to EBITDA at 4.68. When we switch over and look at the enterprise to sales, we see a ratio of 4.21. 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
To sum up, Neogen Corp (NEOG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
