A new trading day began on Tuesday, with Neogen Corp (NASDAQ: NEOG) stock price up 4.09% from the previous day of trading, before settling in for the closing price of $14.43. NEOG’s price has ranged from $11.46 to $20.89 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 18.78%. Meanwhile, its annual earnings per share averaged 91.67%. With a float of $216.16 million, this company’s outstanding shares have now reached $216.61 million.
Considering the fact that the conglomerate employs 2917 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 49.56%, operating margin of 5.08%, and the pretax margin is -3.46%.
Neogen Corp (NEOG) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Diagnostics & Research Industry. The insider ownership of Neogen Corp is 0.25%, while institutional ownership is 117.52%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 8/31/2024, the company reported earnings of 0.11 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
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
Here are Neogen Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.57.
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)
Compared to the last year’s volume of 1.91 million, its volume of 1.08 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.72%. Additionally, its Average True Range was 0.58.
During the past 100 days, Neogen Corp’s (NEOG) raw stochastic average was set at 30.06%, which indicates a significant decrease from 90.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.73% in the past 14 days, which was lower than the 42.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.45, while its 200-day Moving Average is $15.35. Nevertheless, the first resistance level for the watch stands at $15.39 in the near term. At $15.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.35. If the price goes on to break the first support level at $14.43, it is likely to go to the next support level at $13.85. Now, if the price goes above the second support level, the third support stands at $13.47.
Neogen Corp (NASDAQ: NEOG) Key Stats
With a market capitalization of 3.25 billion, the company has a total of 216,698K Shares Outstanding. Currently, annual sales are 924,220 K while annual income is -9,420 K. The company’s previous quarter sales were 216,960 K while its latest quarter income was -12,610 K.
