Neogen Corp (NASDAQ: NEOG) is -17.30% lower on its value in year-to-date trading and has touched a low of $9.70 and a high of $18.58 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 $10.29 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $10.04, the stock is -6.78% and -13.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -2.43% at the moment leaves the stock -30.53% off its SMA200. NEOG registered -43.08% loss for a year compared to 6-month loss of -39.11%.
The stock witnessed a -14.48% gain in the last 1 month and extending the period to 3 months gives it a -31.23%, and is 0.90% 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 3.75% over the week and 3.51% over the month.
Neogen Corp (NEOG) has around 2917 employees, a market worth around $2.18B and $913.83M in sales. Profit margin for the company is -52.12%. Distance from 52-week low is 3.51% and -45.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.38%).
with sales reaching $225.27M over the same period.The EPS is expected to shrink by -5256.25% this year, but quarterly earnings will post -1.38% year-over-year. Quarterly sales are estimated to shrink -1.55% in year-over-year returns.
The shares outstanding are 216.94M, and float is at 216.30M with Short Float at 9.29%.
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 7.174 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 Naemura David H., the company’s CFO. SEC filings show that Naemura David H. bought 14,800 shares of the company’s common stock on Jan 16 ’25 at a price of $11.11 per share for a total of $0.16 million. Following the purchase, the insider now owns 61434.0 shares.
Neogen Corp disclosed in a document filed with the SEC on Jan 16 ’25 that ADENT JOHN EDWARD (CEO) bought a total of 23,035 shares of the company’s common stock. The trade occurred on Jan 16 ’25 and was made at $11.03 per share for $0.25 million. Following the transaction, the insider now directly holds 0.27 million shares of the NEOG stock.
Still, SEC filings show that on Oct 11 ’24, ADENT JOHN EDWARD (CEO) acquired 14,500 shares at an average price of $13.80 for $0.2 million. The insider now directly holds 216,477 shares of Neogen Corp (NEOG).
