In yesterday’s Wall Street session, Neogen Corp (NASDAQ:NEOG) shares traded at $11.60, up 2.11% from the previous session.
NEOG stock price is now -13.58% away from the 50-day moving average and -20.88% away from the 200-day moving average. The market capitalization of the company currently stands at $2.51B.
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With the price target of $15, Guggenheim recently initiated with Buy rating for Neogen Corp (NASDAQ: NEOG). On June 16, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $22, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Naemura David H., CFO bought 14,800 shares of the company’s stock on Jan 16 ’25. The stock was bought for $164,428 at an average price of $11.11. Upon completion of the transaction, the CFO now directly owns 61,434 shares in the company, valued at $0.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’25, CEO ADENT JOHN EDWARD bought 23,035 shares of the business’s stock. A total of $254,076 was incurred on buying the stock at an average price of $11.03. This leaves the insider owning 269,164 shares of the company worth $3.12 million. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, Neogen Corp has had a low of $11.35 and a high of $18.58. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 3.77, and a quick ratio of 2.46. The fifty day moving average price for NEOG is $13.4226 and a two-hundred day moving average price translates $14.66105 for the stock.
The latest earnings results from Neogen Corp (NASDAQ: NEOG) was released for 2024-08-31. The net profit margin was -52.12% and return on equity was -16.38% for NEOG. The company reported revenue of $216.96 million for the quarter, compared to $228.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.25 percent.
