In the last trading session, 6.78 million shares of the Neogen Corp (NASDAQ:NEOG) were traded, and its beta was 1.88. Most recently the company’s share price was $5.40, and it changed around -$0.18 or -3.23% from the last close, which brings the market valuation of the company to $1.17B. NEOG currently trades at a discount to its 52-week high of $18.58, offering almost -244.07% off that amount. The share price’s 52-week low was $3.87, which indicates that the current value has risen by an impressive 28.33% since then. We note from Neogen Corp’s average daily trading volume that its 10-day average is 11.2 million shares, with the 3-month average coming to 4.50 million.
Neogen Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NEOG as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Neogen Corp is expected to report earnings per share of 0.1 for the current quarter.
Neogen Corp (NASDAQ:NEOG) trade information
Instantly NEOG has showed a red trend with a performance of -3.23% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.27 on recent trading dayincreased the stock’s daily price by 34.7%. The company’s shares are currently down -55.52% year-to-date, but still down -31.21% over the last five days. On the other hand, Neogen Corp (NASDAQ:NEOG) is -40.33% down in the 30-day period. We can see from the shorts that 26.22 million shares have been sold at a short interest cover period of 5.96 day(s).
The consensus price target as assigned by Wall Street analysts is $17.5, which translates to bulls needing to increase their stock price by 69.14% from its current value. Analyst projections state that NEOG is forecast to be at a low of $17.5 and a high of $17.5.
Neogen Corp (NEOG) estimates and forecasts
The year-over-year growth rate is expected to be -3.52%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 222.52M in revenue for the current quarter. 3 analysts expect Neogen Corp to make 218.07M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 236.79M and 216.96M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.03%. Forecasts for the next quarter put sales growth at 0.51%.
Neogen Corp earnings are expected to increase by -5450.00% in 2025, but the outlook is positive 14.50% per year for the next five years.
NEOG Dividends
Neogen Corp’s next quarterly earnings report is expected to be released on 2025-Apr-08.
Neogen Corp (NASDAQ:NEOG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.27% of Neogen Corp shares, and 121.64% of them are in the hands of institutional investors. The stock currently has a share float of 121.97%. Neogen Corp stock is held by 459.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 11.555% of the shares, which is about 25.01 million shares worth $390.98 million.
VANGUARD GROUP INC, with 9.0469% or 19.6 million shares worth $306.27 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
