Neogen Corp (NASDAQ:NEOG) price on Thursday, May 01, rose 1.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.15.
A look at the stock’s price movement, the close in the last trading session was $5.05, moving within a range at $4.95 and $5.16. The beta value (5-Year monthly) was 1.568. Turning to its 52-week performance, $18.58 and $3.87 were the 52-week high and 52-week low respectively. Overall, NEOG moved -38.62% over the past month.
Neogen Corp’s market cap currently stands at around $1.12 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-08.
Analysts have a consensus estimate of 222.53M for the company’s revenue for the quarter, with a low and high estimate of 221M and 225M respectively. The average forecast suggests down to a -6.02% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 891.73M, representing a -3.52% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NEOG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend NEOG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NEOG’s current price about -7.61% and -34.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.17, while 7-day volatility ratio is 4.92% and 9.93% in the 30-day chart. Further, Neogen Corp (NEOG) has a beta value of 1.83, and an average true range (ATR) of 0.48. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is 2.91% off current price level while to achieve the yearly target high, price needs to move 2.91%. Nonetheless, investors will most likely welcome a 2.91% jump to $5 which is the analysts’ median price.
If we refocus on Neogen Corp (NASDAQ:NEOG), historical trading data shows that trading volumes averaged 7.59 over the past 10 days and 5.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 217.04 million shares.
The 0.32% of Neogen Corp’s shares are in the hands of company insiders while institutional holders own 119.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 26.16 million on 2025-04-15, giving us a short ratio of 3.09. The data shows that as of 2025-04-15 short interest in Neogen Corp (NEOG) stood at 1363.9999999999998 of shares outstanding, with shares short rising to 23.0 million registered in 2025-03-14. Current price change has pushed the stock -57.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NEOG stock continues to rise going into the next quarter.
