Neogen Corp. (NASDAQ: NEOG) on Tuesday, soared 2.06% from the previous trading day, before settling in for the closing price of $14.05. Within the past 52 weeks, NEOG’s price has moved between $11.46 and $20.89.
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Annual sales at Healthcare sector company grew by 18.78% over the past five years. The company achieved an average annual earnings per share of 91.67%. With a float of $216.23 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 50.12%, operating margin of 5.08%, and the pretax margin is -3.46%.
Neogen Corp. (NEOG) Insider and Institutional Ownership
Observing investor behavior towards Diagnostics & Research industry stocks is more important than anything else. The insider ownership of Neogen Corp. is 0.22%, while institutional ownership is 117.54%. The most recent insider transaction that took place on Oct 11 ’24, was worth 200,100. In this transaction CEO of this company bought 14,500 shares at a rate of $13.80, taking the stock ownership to the 216,477 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Director bought 3,000 for $16.86, making the entire transaction worth $50,571. This insider now owns 23,392 shares in total.
Neogen Corp. (NEOG) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 91.67% per share during the next fiscal year.
Neogen Corp. (NASDAQ: NEOG) Trading Performance Indicators
Neogen Corp. (NEOG) is currently performing well based on its current performance indicators. A quick ratio of 2.79 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.11, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.13 in one year’s time.
Technical Analysis of Neogen Corp. (NEOG)
Neogen Corp. (NASDAQ: NEOG) saw its 5-day average volume 1.25 million, a negative change from its year-to-date volume of 1.93 million. As of the previous 9 days, the stock’s Stochastic %D was 39.49%. Additionally, its Average True Range was 0.57.
During the past 100 days, Neogen Corp.’s (NEOG) raw stochastic average was set at 16.70%, which indicates a significant decrease from 58.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.05% in the past 14 days, which was higher than the 41.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.65, while its 200-day Moving Average is $15.41. Nevertheless, the first resistance level for the watch stands at $14.66 in the near term. At $14.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.36. If the price goes on to break the first support level at $13.96, it is likely to go to the next support level at $13.58. The third support level lies at $13.26 if the price breaches the second support level.
Neogen Corp. (NASDAQ: NEOG) Key Stats
Market capitalization of the company is 3.11 billion based on 216,698K outstanding shares. Right now, sales total 924,220 K and income totals -9,420 K. The company made 216,960 K in profit during its latest quarter, and -12,610 K in sales during its previous quarter.
