On Monday, Neogen Corp (NASDAQ: NEOG) opened higher 4.11% from the last session, before settling in for the closing price of $14.60. Price fluctuations for NEOG have ranged from $11.46 to $20.89 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 18.78% annually for the last half of the decade. Company’s average yearly earnings per share was noted 91.67% at the time writing. With a float of $216.15 million, this company’s outstanding shares have now reached $216.61 million.
In an organization with 2917 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 49.56%, operating margin of 5.08%, and the pretax margin is -3.46%.
Neogen Corp (NEOG) Insider Updates
A key investor’s attitude towards the stock of the Diagnostics & Research industry is another important factor to consider. The insider ownership of Neogen Corp is 0.25%, while institutional ownership is 117.79%. 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) Performance Highlights and Predictions
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
Check out the current performance indicators for Neogen Corp (NEOG). In the past quarter, the stock posted a quick ratio of 2.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.60.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.98 million. That was better than the volume of 1.91 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.36%. Additionally, its Average True Range was 0.66.
During the past 100 days, Neogen Corp’s (NEOG) raw stochastic average was set at 33.60%, which indicates a significant decrease from 38.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.78% in the past 14 days, which was higher than the 44.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.29, while its 200-day Moving Average is $15.32. However, in the short run, Neogen Corp’s stock first resistance to watch stands at $15.52. Second resistance stands at $15.83. The third major resistance level sits at $16.29. If the price goes on to break the first support level at $14.75, it is likely to go to the next support level at $14.29. Assuming the price breaks the second support level, the third support level stands at $13.98.
Neogen Corp (NASDAQ: NEOG) Key Stats
There are currently 216,698K shares outstanding in the company with a market cap of 3.28 billion. Presently, the company’s annual sales total 924,220 K according to its annual income of -9,420 K. Last quarter, the company’s sales amounted to 216,960 K and its income totaled -12,610 K.
