Neogen Corp [NASDAQ: NEOG] gained 0.80% or 0.04 points to close at $5.06 with a heavy trading volume of 4812532 shares.
It opened the trading session at $5.07, the shares rose to $5.195 and dropped to $5.0, the range by which the price of stock traded the whole day. The daily chart for NEOG points out that the company has recorded -56.90% loss over the past six months.
If we look at the average trading volume of 5.96M shares, NEOG reached to a volume of 4812532 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 0.41, 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 2.85. With this latest performance, NEOG shares gained by 6.08% in over the last four-week period, additionally sinking by -56.90% over the last 6 months – not to mention a drop of -58.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEOG stock in for the last two-week period is set at 47.53, with the RSI for the last a single of trading hit 0.26, and the three-weeks RSI is set at 0.30 for Neogen Corp [NEOG]. The present Moving Average for the last 50 days of trading for this stock 5.49, while it was recorded at 4.89 for the last single week of trading, and 9.65 for the last 200 days.
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%.
Neogen Corp (NEOG) Capital Structure & Debt Analysis
According to recent financial data for Neogen Corp. ( NEOG), the Return on Equity (ROE) stands at -16.71%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -11.26%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Neogen Corp’s Return on Invested Capital (ROIC) is -13.67%, showcasing its effectiveness in deploying capital for earnings.
Neogen Corp (NEOG) Efficiency & Liquidity Metrics
Based on Neogen Corp’s (NEOG) latest financial statements, the Debt-to-Equity Ratio is 0.34%, indicating its reliance on debt financing relative to shareholder equity.
Neogen Corp (NEOG) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Neogen Corp. (NEOG) effectively leverages its workforce, generating an average of -$166355.85 per employee. The company’s liquidity position is robust, with a Current Ratio of 3.91% and a Quick Ratio of 2.45%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Neogen Corp [NEOG]
There are presently around $127.90%, or 128.39% 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%.
