Neogen Corp (NASDAQ:NEOG)’s traded shares stood at 1.0 million during the latest session, with the company’s beta value hitting 1.89. At the last check today, the stock’s price was $5.57, to imply a decrease of -1.15% or -$0.06 in intraday trading. The NEOG share’s 52-week high remains $18.58, putting it -233.57% down since that peak but still an impressive 30.52% since price per share fell to its 52-week low of $3.87. The company has a valuation of $1.21B, with an average of 10.3 million shares in intraday trading volume over the past 10 days and average of 4.45 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Neogen Corp (NEOG), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give NEOG a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.11.
Neogen Corp (NASDAQ:NEOG) trade information
After registering a -1.15% downside in the latest session, Neogen Corp (NEOG) has traded red over the past five days. The 5-day price performance for the stock is -28.65%, and -39.64% over 30 days. With these gigs, the year-to-date price performance is -54.16%. Short interest in Neogen Corp (NASDAQ:NEOG) saw shorts transact 23.0 million shares and set a 9.45 days time to cover.
The extremes give us $17.5 and $17.5 for target low and target high price respectively. As such, NEOG has been trading -214.18% off suggested target high and -214.18% from its likely low.
Neogen Corp (NEOG) estimates and forecasts
The rating firms project that company’s revenue will shrink -3.46% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 223.03M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 222.73M.Earnings reports from the last fiscal year show that sales brought in 236.79M and 216.96M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.81% before jumping 2.66% in the following quarter.
NEOG Dividends
Neogen Corp has its next earnings report out on 2025-Apr-08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Neogen Corp (NASDAQ:NEOG)’s Major holders
Neogen Corp insiders hold 0.27% of total outstanding shares, with institutional holders owning 121.86% of the shares at 122.20% float percentage. In total, 121.86% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 25.01 million shares (or 11.555% of shares), all amounting to roughly $390.98 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 19.6 million shares, or about 9.0469% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $306.27 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and BARON INVESTMENT Fd.S TRT -BARON SMALL CAP Fd. as the top two Mutual Funds with the largest holdings of the Neogen Corp (NEOG) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 6.9 shares. This is just over 3.18% of the total shares, with a market valuation of $37.41 million. Data from the same date shows that the other fund manager holds a little less at 6.0, or 2.77% of the shares, all valued at about 32.55 million.
