Neogen Corp. (NASDAQ: NEOG) kicked off on Monday, down -2.99% from the previous trading day, before settling in for the closing price of $12.38. Over the past 52 weeks, NEOG has traded in a range of $12.18-$24.09.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 17.12%. While this was happening, its average annual earnings per share was recorded 70.83%. With a float of $216.25 million, this company’s outstanding shares have now reached $216.25 million.
Let’s determine the extent of company efficiency that accounts for 2640 employees.
Neogen Corp. (NEOG) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Diagnostics & Research Industry. The insider ownership of Neogen Corp. is 0.17%, while institutional ownership is 107.50%. The most recent insider transaction that took place on Apr 11 ’24, was worth 97,986. In this transaction Director of this company bought 7,500 shares at a rate of $13.06, taking the stock ownership to the 21,392 shares. Before that another transaction happened on Apr 10 ’24, when Company’s CEO bought 23,000 for $12.36, making the entire transaction worth $284,190. This insider now owns 152,389 shares in total.
Neogen Corp. (NEOG) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 42.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 70.83% per share during the next fiscal year.
Neogen Corp. (NASDAQ: NEOG) Trading Performance Indicators
Take a look at Neogen Corp.’s (NEOG) current performance indicators. Last quarter, stock had a quick ratio of 2.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of Neogen Corp. (NEOG)
Looking closely at Neogen Corp. (NASDAQ: NEOG), its last 5-days average volume was 4.95 million, which is a jump from its year-to-date volume of 2.11 million. As of the previous 9 days, the stock’s Stochastic %D was 10.88%. Additionally, its Average True Range was 0.64.
During the past 100 days, Neogen Corp.’s (NEOG) raw stochastic average was set at 0.73%, which indicates a significant decrease from 1.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.22% in the past 14 days, which was higher than the 41.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.70, while its 200-day Moving Average is $18.27. However, in the short run, Neogen Corp.’s stock first resistance to watch stands at $12.29. Second resistance stands at $12.56. The third major resistance level sits at $12.73. If the price goes on to break the first support level at $11.84, it is likely to go to the next support level at $11.67. Should the price break the second support level, the third support level stands at $11.39.
Neogen Corp. (NASDAQ: NEOG) Key Stats
The company with the Market Capitalisation of 2.60 billion has total of 216,608K Shares Outstanding. Its annual sales at the moment are 822,450 K in contrast with the sum of -22,870 K annual income. Company’s last quarter sales were recorded 229,630 K and last quarter income was -3,490 K.
