Neogen Corp [NASDAQ: NEOG] price plunged by -5.49 percent to reach at -$0.29.
A sum of 6479291 shares traded at recent session while its average daily volume was at 6.95M shares. Neogen Corp shares reached a high of $5.365 and dropped to a low of $4.975 until finishing in the latest session at $4.99.
The one-year NEOG stock forecast points to a potential upside of 41.29. The average equity rating for NEOG stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Neogen Corp [NEOG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEOG shares is $8.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEOG stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Guggenheim have made an estimate for Neogen Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 19, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on June 16, 2023, representing the official price target for Neogen Corp stock.
The Average True Range (ATR) for Neogen Corp is set at 0.39, with the Price to Sales ratio for NEOG stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.59.
NEOG Stock Performance Analysis:
Neogen Corp [NEOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.53. With this latest performance, NEOG shares dropped by -22.03% in over the last four-week period, additionally sinking by -58.93% over the last 6 months – not to mention a drop of -70.66% in the past year of trading.
Insight into Neogen Corp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Neogen Corp [NEOG] shares currently have an operating margin of 6.10% and a Gross Margin at 41.57%. Neogen Corp’s Net Margin is presently recorded at -53.56%.
Return on Equity for this stock declined to -11.26%, with Return on Assets sitting at -11.26%.
NEOG Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Neogen Corp go to -24.67%.
Neogen Corp [NEOG] Institutonal Ownership Details
There are presently around $128.86%, or 129.35%% of NEOG stock, in the hands of institutional investors. The top three institutional holders of NEOG stocks are: BLACKROCK INC. with ownership of 25.01 million shares, which is approximately 11.555%. VANGUARD GROUP INC, holding 19.6 million shares of the stock with an approximate value of $$306.27 million in NEOG stocks shares; and VANGUARD GROUP INC, currently with $$284.55 million in NEOG stock with ownership which is approximately 8.4096%.
