Neogen Corp (NASDAQ: NEOG) is -23.72% 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 $16.40 in the last trading session, with the day’s loss setting it -1.06%.
Currently trading at $15.34, the stock is 4.62% and -0.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing -6.46% at the moment leaves the stock 0.03% off its SMA200. NEOG registered 1.59% gain for a year compared to 6-month gain of 17.19%. The firm has a 50-day simple moving average (SMA 50) of $15.3498 and a 200-day simple moving average (SMA200) of $15.3347.
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The stock witnessed a 9.42% loss in the last 1 month and extending the period to 3 months gives it a -3.52%, and is 2.13% 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 5.23% over the week and 3.88% over the month.
Neogen Corp (NEOG) has around 2917 employees, a market worth around $3.32B and $912.20M in sales. Fwd P/E is 121.10. Profit margin for the company is -2.58%. Distance from 52-week low is 33.86% and -26.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.58%).
with sales reaching $226.51M over the same period.The EPS is expected to grow by 91.67% this year, but quarterly earnings will post 1.40% year-over-year.
Neogen Corp (NEOG) Top Institutional Holders
451.0 institutions hold shares in Neogen Corp (NEOG), with institutional investors hold 120.75% of the company’s shares. The shares outstanding are 216.61M, and float is at 216.15M with Short Float at 9.10%. Institutions hold 120.44% 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 ADENT JOHN EDWARD, the company’s CEO. SEC filings show that ADENT JOHN EDWARD bought 14,500 shares of the company’s common stock on Oct 11 ’24 at a price of $13.80 per share for a total of $0.2 million. Following the purchase, the insider now owns 0.22 million shares.
Neogen Corp disclosed in a document filed with the SEC on Aug 06 ’24 that Tobin James P (Director) bought a total of 3,000 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $16.86 per share for $50571.0. Following the transaction, the insider now directly holds 23392.0 shares of the NEOG stock.
Still, SEC filings show that on Apr 17 ’24, Jones Douglas Edward (Chief Operating Officer) acquired 10,000 shares at an average price of $12.36 for $0.12 million. The insider now directly holds 46,131 shares of Neogen Corp (NEOG).
