Neogen Corp (NASDAQ:NEOG) has a beta value of -78.31% and has seen 7.0 shares traded in the last trading session. The company, currently valued at $1.07B, closed the last trade at $4.99 per share which meant it lost -$3.51 on the day or 4.94% during that session. The NEOG stock price is -272.34% off its 52-week high price of $18.58 and 22.44% above the 52-week low of $3.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.81 million shares traded. The 3-month trading volume is 0.87 shares.
The consensus among analysts is that Neogen Corp (NEOG) is Buy stock at the moment, with a recommendation rating of 36.96. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Neogen Corp (NASDAQ:NEOG) trade information
Sporting 4.94% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NEOG stock price touched $4.99 or saw a rise of 12.76%. Year-to-date, Neogen Corp shares have moved -70.54%, while the 5-day performance has seen it change -12.10%. Over the past 30 days, the shares of Neogen Corp (NASDAQ:NEOG) have changed -20.32%. Short interest in the company has seen 26.74 million shares shorted with days to cover at 4.85.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 0.2% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -0.2% off the targeted high while a plunge would see the stock gain -0.2% from current levels.
Neogen Corp (NEOG) estimates and forecasts
The company’s shares have lost -58.31% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was – – over the past 5 years. Earnings growth for 2025 is a modest -5462.50% while over the next 5 years, the company’s earnings are expected to decrease by -24.67%.
NEOG Dividends
Neogen Corp is expected to release its next earnings report on 2025-Apr-09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Neogen Corp (NASDAQ:NEOG)’s Major holders
Insiders own 0.38% of the company shares, while shares held by institutions stand at 128.86% with a share float percentage of 129.35%. Investors are also buoyed by the number of investors in a company, with Neogen Corp having a total of 450.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 25.01 million shares worth more than $390.98 million. As of 2024-06-30, BLACKROCK INC. held 11.555% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 19.6 million shares as of 2024-06-30. The firm’s total holdings are worth over $306.27 million and represent 9.0517% of shares outstanding.
