On Tuesday, Neogen Corp (NASDAQ: NEOG) opened lower -3.78% from the last session, before settling in for the closing price of $13.77. Price fluctuations for NEOG have ranged from $11.46 to $20.89 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 18.78% over the past five years. Company’s average yearly earnings per share was noted 91.67% at the time writing. With a float of $216.16 million, this company’s outstanding shares have now reached $216.70 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
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 117.84%. 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
If we go through the results of last quarter, which was made public on 8/31/2024, the company posted 0.11 earnings per share (EPS) for the quarter, coming under the agreed prediction (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
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 3.15.
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 1.6 million, a negative change from its year-to-date volume of 1.9 million. As of the previous 9 days, the stock’s Stochastic %D was 10.01%. Additionally, its Average True Range was 0.68.
During the past 100 days, Neogen Corp’s (NEOG) raw stochastic average was set at 7.14%, which indicates a significant decrease from 14.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.51% in the past 14 days, which was higher than the 45.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.87, while its 200-day Moving Average is $15.22. Nevertheless, the first resistance level for the watch stands at $13.73 in the near term. At $14.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.65. If the price goes on to break the first support level at $12.81, it is likely to go to the next support level at $12.36. The third support level lies at $11.89 if the price breaches the second support level.
Neogen Corp (NASDAQ: NEOG) Key Stats
There are currently 216,698K shares outstanding in the company with a market cap of 2.87 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.
