Neogen Corp. (NASDAQ: NEOG) is -12.83% lower on its value in year-to-date trading and has touched a low of $11.46 and a high of $20.89 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 $17.24 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $17.53, the stock is 7.46% and 6.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing 1.68% at the moment leaves the stock 9.64% off its SMA200. NEOG registered -13.65% loss for a year compared to 6-month gain of 12.37%.
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The stock witnessed a 7.48% loss in the last 1 month and extending the period to 3 months gives it a 6.24%, and is 13.10% up 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 4.38% over the week and 3.91% over the month.
Neogen Corp. (NEOG) has around 2917 employees, a market worth around $3.80B and $924.22M in sales. Fwd P/E is 109.56. Profit margin for the company is -1.02%. Distance from 52-week low is 52.97% and -16.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.23%).
The EPS is expected to grow by 200.00% this year
455.0 institutions hold shares in Neogen Corp. (NEOG), with institutional investors hold 118.49% of the company’s shares. The shares outstanding are 216.61M, and float is at 216.30M with Short Float at 10.37%. Institutions hold 118.27% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 25.01 million shares valued at $390.98 million. The investor’s holdings represent 11.5488 of the NEOG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.6 million shares valued at $306.27 million to account for 9.0469 of the shares outstanding. The other top investors are NORGES BANK which holds 18.21 million shares representing 8.4051 and valued at over $284.55 million, while SELECT EQUITY GROUP, L.P. holds 7.1702 of the shares totaling 15.53 million with a market value of $242.74 million.
Neogen Corp. (NEOG) Insider Activity
The most recent transaction is an insider purchase by Tobin James P, the company’s Director. SEC filings show that Tobin James P bought 3,000 shares of the company’s common stock on Aug 06 ’24 at a price of $16.86 per share for a total of $50571.0. Following the purchase, the insider now owns 23392.0 shares.
Neogen Corp. disclosed in a document filed with the SEC on Apr 17 ’24 that Jones Douglas Edward (Chief Operating Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Apr 17 ’24 and was made at $12.36 per share for $0.12 million. Following the transaction, the insider now directly holds 46131.0 shares of the NEOG stock.
Still, SEC filings show that on Apr 11 ’24, BOREL JAMES C (Director) acquired 7,500 shares at an average price of $13.06 for $97986.0. The insider now directly holds 21,392 shares of Neogen Corp. (NEOG).
