On Monday, Neogen Corp. (NASDAQ: NEOG) was 0.87% up from the session before settling in for the closing price of $14.94. A 52-week range for NEOG has been $11.46 – $20.89.
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Annual sales at Healthcare sector company grew by 18.78% over the past five years. When this article was written, the company’s average yearly earnings per share was at 200.00%. With a float of $216.30 million, this company’s outstanding shares have now reached $216.61 million.
Let’s look at the performance matrix of the company that is accounted for 2917 employees. In terms of profitability, gross margin is 50.19%, operating margin of 6.84%, and the pretax margin is -1.55%.
Neogen Corp. (NEOG) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Neogen Corp. stocks. The insider ownership of Neogen Corp. is 0.18%, while institutional ownership is 116.52%. The most recent insider transaction that took place on Aug 06 ’24, was worth 50,571. In this transaction Director of this company bought 3,000 shares at a rate of $16.86, taking the stock ownership to the 23,392 shares. Before that another transaction happened on Apr 17 ’24, when Company’s Chief Operating Officer bought 10,000 for $12.36, making the entire transaction worth $123,590. This insider now owns 46,131 shares in total.
Neogen Corp. (NEOG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 200.00% per share during the next fiscal year.
Neogen Corp. (NASDAQ: NEOG) Trading Performance Indicators
You can see what Neogen Corp. (NEOG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.04, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.16 in one year’s time.
Technical Analysis of Neogen Corp. (NEOG)
Neogen Corp. (NASDAQ: NEOG) saw its 5-day average volume 1.35 million, a negative change from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 8.95%. Additionally, its Average True Range was 0.69.
During the past 100 days, Neogen Corp.’s (NEOG) raw stochastic average was set at 38.42%, which indicates a significant increase from 4.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.36% in the past 14 days, which was lower than the 45.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.48, while its 200-day Moving Average is $15.87. Nevertheless, the first resistance level for the watch stands at $15.37 in the near term. At $15.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.88. If the price goes on to break the first support level at $14.86, it is likely to go to the next support level at $14.64. Assuming the price breaks the second support level, the third support level stands at $14.35.
Neogen Corp. (NASDAQ: NEOG) Key Stats
There are 216,608K outstanding shares of the company, which has a market capitalization of 3.27 billion. As of now, sales total 924,220 K while income totals -9,420 K. Its latest quarter income was 236,790 K while its last quarter net income were -5,410 K.
