Neogen Corp. (NEOG) can make a big difference with a little luck

With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.59 shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $16.55 whereas the lowest price it dropped to was $16.14. The 52-week range on NEOG shows that it touched its highest point at $24.09 and its lowest point at $14.44 during that stretch. It currently has a 1-year price target of $19.00. Beta for the stock currently stands at 1.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEOG was up-trending over the past week, with a rise of 5.89%, but this was down by -11.73% over a month. Three-month performance surged to 6.71% while six-month performance fell -25.15%. The stock lost -17.25% in the past year, while it has lost -17.70% so far this year. A look at the trailing 12-month EPS for NEOG yields 0.05 with Next year EPS estimates of 0.18. For the next quarter, that number is 0.01. This implies an EPS growth rate of 137.50% for this year and 311.11% for next year.

Float and Shares Shorts:

At present, 216.52 million NEOG shares are outstanding with a float of 216.25 million shares on hand for trading. On Jan 31, 2024, short shares totaled 12.75 million, which was 5.89% higher than short shares on Dec 29, 2023. In addition to Mr. John Edward Adent as the firm’s President, CEO & Director, Mr. Douglas E. Jones serves as its COO & VP.

Institutional Ownership:

Through their ownership of 108.15% of NEOG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEOG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NEOG analysts setting a high price target of $19.00 and a low target of $19.00, the average target price over the next 12 months is $19.00. Based on these targets, NEOG could surge 14.8% to reach the target high and rise by 14.8% to reach the target low. Reaching the average price target will result in a growth of 14.8% from current levels.

Summary of Insider Activity:

Insiders traded NEOG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 26,500 while 7,894 shares were sold.