On Tuesday, Neogen Corp (NASDAQ: NEOG) was -7.45% drop from the session before settling in for the closing price of $15.31. 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 91.67%. With a float of $216.16 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 49.56%, operating margin of 5.08%, and the pretax margin is -3.46%.
Neogen Corp (NEOG) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Neogen Corp stocks. The insider ownership of Neogen Corp is 0.25%, 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 8/31/2024, it has been observed that the corporation posted 0.11 earnings per share (EPS) during the time that was less than consensus figure (set at 0.14) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 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
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 2.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.37.
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 1.64 million, a negative change from its year-to-date volume of 1.91 million. As of the previous 9 days, the stock’s Stochastic %D was 34.31%. Additionally, its Average True Range was 0.70.
During the past 100 days, Neogen Corp’s (NEOG) raw stochastic average was set at 13.36%, which indicates a significant increase from 4.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.01% in the past 14 days, which was higher than the 46.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.16, while its 200-day Moving Average is $15.28. Nevertheless, the first resistance level for the watch stands at $14.85 in the near term. At $15.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.93. If the price goes on to break the first support level at $13.78, it is likely to go to the next support level at $13.38. The third support level lies at $12.70 if the price breaches the second support level.
Neogen Corp (NASDAQ: NEOG) Key Stats
There are 216,698K outstanding shares of the company, which has a market capitalization of 3.07 billion. As of now, sales total 924,220 K while income totals -9,420 K. Its latest quarter income was 216,960 K while its last quarter net income were -12,610 K.
