Are Things Looking Up For Neogen Corporation (NASDAQ: NEOG)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Neogen Corporation (NEOG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -0.66%, to $14.97. Volume reached 52,483 shares, with price reaching a high of $15.67 and a low of $14.97. Yahoo Finance discussed the stock recently as it posted Neogen® Launches Quantitative Cashew ELISA Assay.

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Stocks Info

The company is listed on the NASDAQ and operates within the Diagnostics & Research industry segment. At the end of the last regular session, the stock closed at $14.97 and fluctuated between $15.04 as its day high and $14.69 as its day low. The current market capitalization of Neogen Corporation is $3.25B. A total of 3.82 million shares were traded on the day, compared to an average of 5.50M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NEOG has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 28,600 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 4 SELLs from insiders. Insiders purchased 81,262 shares during that period but sold 25,334.

In the most recent transaction, Vetter Darci L bought 1,100 shares of NEOG for 21.83 per share on Aug 16. After the transaction, the Director now owns 1,384 company shares. In a previous transaction on Aug 02, Green Ronald D bought 1,500 shares at 22.50 per share. NEOG shares that Director owns now total 10,694.

Among the insiders who bought shares, ADENT JOHN EDWARD acquired of 17,500 shares on Jul 29 at a per-share price of $23.07. This resulted in the President & CEO holding 58,103 shares of NEOG after the transaction. In another insider transaction, Tobin James P bought 2,000 shares at $22.98 per share on Jul 27. Company shares held by the Director now total 14,000.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NEOG in the last 3 months, the mean price target is $20.00 with high estimates of $20.00 and low estimates of $20.00. In terms of 52-week highs and lows, NEOG has a high of $47.80 and a low of $15.05.

As of this writing, NEOG has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.15. The company reported an EPS of $0.18 in the last quarter, which was 12.5% higher than expectations of $0.16.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NEOG is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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