Is Neogen Corp. (NASDAQ: NEOG) No Longer A Good Investment?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Neogen® Announces James Walter as Vice President, Global Operations.

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Stocks Info

NEOG belongs to the Healthcare sector of the NASDAQ while operating in the Diagnostics & Research industry. At the end of the last regular session, the stock closed at $17.64 and fluctuated between $17.83 as its day high and $17.29 as its day low. The current market capitalization of Neogen Corp. is $3.82B. A total of 1.38 million shares were traded on the day, compared to an average of 1.96M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NEOG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 8 SELLs from insiders. Insiders purchased 26,500 shares during that period but sold 7,894.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NEOG in the last 3 months, the mean price target is $19.00 with high estimates of $19.00 and low estimates of $19.00. In terms of 52-week highs and lows, NEOG has a high of $24.09 and a low of $14.44.

As of this writing, NEOG has an earnings estimate of $Northern Oil and Gas, Inc. per share for the current quarter. EPS was calculated based on a consensus of EOG Resources, Inc. estimates, with a high estimate of $NeoGenomics, Inc. per share and a lower estimate of $Newegg Commerce, Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.00.

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