Neogen Corp. (NASDAQ: NEOG) is -35.16% lower on its value in year-to-date trading and has touched a low of $13.94 and a high of $24.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEOG stock was last observed hovering at around $14.38 in the last trading session, with the day’s loss setting it -1.34%.
Currently trading at $13.04, the stock is -13.83% and -18.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.79 million and changing -9.32% at the moment leaves the stock -29.47% off its SMA200. NEOG registered -23.79% loss for a year compared to 6-month loss of -23.88%. The firm has a 50-day simple moving average (SMA 50) of $3.79 and a 200-day simple moving average (SMA200) of $18.40.
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The stock witnessed a -20.34% gain in the last 1 month and extending the period to 3 months gives it a -34.27%, and is -10.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.32% over the week and 3.55% over the month.
Neogen Corp. (NEOG) has around 2640 employees, a market worth around $2.82B and $929.24M in sales. Current P/E ratio is 1811.11 and Fwd P/E is 84.13. Profit margin for the company is 0.17%. Distance from 52-week low is -6.49% and -45.88% from its 52-week high. The company has generated returns on investments over the last 12 months (0.04%).
Neogen Corp. quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $230.01M over the same period.The EPS is expected to grow by 137.50% this year, but quarterly earnings will post 14.10% year-over-year.
Neogen Corp. (NEOG) Top Institutional Holders
444 institutions hold shares in Neogen Corp. (NEOG), with institutional investors hold 108.20% of the company’s shares. The shares outstanding are 216.52M, and float is at 216.25M with Short Float at 7.50%. Institutions hold 108.08% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 25.04 million shares valued at $544.59 million. The investor’s holdings represent 11.58% of the NEOG Shares outstanding. As of Dec 30, 2022, the second largest holder is Norges Bank Investment Management with 18.4 million shares valued at $280.25 million to account for 8.51% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 18.2 million shares representing 8.41% and valued at over $395.85 million, while Wasatch Advisors LP holds 5.48% of the shares totaling 11.86 million with a market value of $258.05 million.
Neogen Corp. (NEOG) Insider Activity
The most recent transaction is an insider purchase by BOEHM WILLIAM T,the company’sDirector. SEC filings show that BOEHM WILLIAM T bought 2,000 shares of the company’s common stock on Nov 03 ’23 at a price of $16.05 per share for a total of $32110.0. Following the purchase, the insider now owns 26509.0 shares.
Neogen Corp. disclosed in a document filed with the SEC on Oct 25 ’23 that Jones Douglas Edward (Chief Operating Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Oct 25 ’23 and was made at $15.17 per share for $0.15 million. Following the transaction, the insider now directly holds 36131.0 shares of the NEOG stock.
Still, SEC filings show that on Oct 13 ’23, Lilly Jason Warren (Vice President) disposed off 351 shares at an average price of $15.10 for $5300.0. The insider now directly holds 26,744 shares of Neogen Corp. (NEOG).
