In the last trading session, 8.69 million Neogen Corp (NASDAQ:NEOG) shares changed hands as the company’s beta touched 1.78. With the company’s per share price at $4.78 changed hands at $0.05 or 1.06% during last session, the market valuation stood at $1.04B. NEOG’s last price was a discount, traded about -288.7% off its 52-week high of $18.58. The share price had its 52-week low at $3.87, which suggests the last value was 19.04% up since then. When we look at Neogen Corp’s average trading volume, we note the 10-day average is 6.6 million shares, with the 3-month average coming to 6.94 million.
Analysts gave the Neogen Corp (NEOG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended NEOG as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Neogen Corp (NASDAQ:NEOG) trade information
Instantly NEOG was in green as seen at the end of in last trading. With action 0.21%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -70.11%, with the 5-day performance at 0.21% in the green. However, in the 30-day time frame, Neogen Corp (NASDAQ:NEOG) is -23.03% down. Looking at the short shares, we see there were 25.07 million shares sold at short interest cover period of 4.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 4.4% from its current market value. According to analyst projections, NEOG’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -4.6% plunge from its current level, while the stock would need to soar -4.6% for it to hit the projected low.
The 2025 estimates are for Neogen Corp earnings to decrease by -5468.75%.
NEOG Dividends
Neogen Corp is expected to release its next quarterly earnings report on 2025-Apr-09.
Neogen Corp (NASDAQ:NEOG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.38% of Neogen Corp shares while 128.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 129.35%. There are 128.85% institutions holding the Neogen Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.555% of the shares, roughly 25.01 million NEOG shares worth $390.98 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.0517% or 19.6 million shares worth $306.27 million as of 2024-06-30.
