Neogen Corp [NASDAQ: NEOG] gained 5.22% or 0.26 points to close at $5.24 with a heavy trading volume of 6946773 shares.
It opened the trading session at $4.98, the shares rose to $5.27 and dropped to $4.94, the range by which the price of stock traded the whole day. The daily chart for NEOG points out that the company has recorded -56.11% loss over the past six months.
If we look at the average trading volume of 7.36M shares, NEOG reached to a volume of 6946773 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $7.50 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 Price to Book ratio for the last quarter was 0.43, with the Price to Cash per share for the same quarter was set at 0.59.
Trading performance analysis for NEOG stock
Neogen Corp [NEOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.62. With this latest performance, NEOG shares gained by 6.72% in over the last four-week period, additionally sinking by -56.11% over the last 6 months – not to mention a drop of -56.84% in the past year of trading.
Neogen Corp [NEOG]: A deeper dive into fundamental analysis
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%.
An analysis of Institutional ownership at Neogen Corp [NEOG]
There are presently around $128.88%, or 129.37% 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%.
