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Saturday, December 9, 2023

Investing In Neogen Corp. (NASDAQ: NEOG): Why Should You?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Neogen Corp. (NEOG) shows that investor sentiment remained same, with the stock’s consolidated last price to $15.71. The Neogen Corp. has recorded 56,275 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Neogen Announces First-Quarter 2024 Results.

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Stocks Info

Neogen Corp. is listed on the NASDAQ in the Healthcare sector while operating in the Diagnostics & Research industry. At the end of the last regular session, the stock closed at $15.71 and fluctuated between $15.84 as its day high and $15.48 as its day low. The current market capitalization of Neogen Corp. is $3.40B. A total of 1.26 million shares were traded on the day, compared to an average of 1.67M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NEOG has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,500 and the disposition of 1,500 shares. Over the last 12 months, there were 3 BUYs and 6 SELLs from insiders. Insiders purchased 5,500 shares during that period but sold 3,785.

In the most recent transaction, BOEHM WILLIAM T bought 2,000 shares of NEOG for 16.05 per share on Nov 03. After the transaction, the Director now owns 26,509 company shares. In a previous transaction on Oct 25, Jones Douglas Edward bought 10,000 shares at 15.17 per share. NEOG shares that Chief Operating Officer owns now total 36,131.

Among the insiders who sold shares, Lilly Jason Warren disposed of 351 shares on Oct 13 at a per-share price of $15.10. This resulted in the Vice President holding 26,744 shares of NEOG after the transaction. In another insider transaction, Tobin James P bought 3,000 shares at $15.19 per share on Oct 12. Company shares held by the Director now total 20,392.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for NEOG in the last 3 months, the mean price target is $22.25 with high estimates of $27.00 and low estimates of $17.50. In terms of 52-week highs and lows, NEOG has a high of $24.09 and a low of $13.60.

As of this writing, NEOG has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.14 per share and a lower estimate of $0.12. The company reported an EPS of $0.14 in the last quarter, which was 566.70% higher than expectations of -$0.03.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. NEOG’s latest balance sheet shows that the firm has $381.05M in Cash & Short Term Investments as of fiscal 2022. Its Book Value Per Share was $14.54, while its Total Shareholder’s Equity was $887.37M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 4.33.

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