The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Neogen Corp.’s current trading price is -36.96% away from its 52-week high, while its distance from the 52-week low is 5.23%. The stock’s price range for this period has been between $14.44 and $24.09 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.77 million for the day, a number notably lower than the average daily volume of 1.89 million over the last three months.
Neogen Corp. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $24.09 on 08/15/23, while the lowest value for the same period was recorded at $14.44 on 11/01/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Neogen Corp. (NEOG) has experienced a quarterly decline of -18.68% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.29B and boasts a workforce of 2640 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.08, with a change in price of +0.16. Similarly, Neogen Corp. recorded 1,727,743 in trading volume during the last 100 days, posting a change of +1.10%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NEOG stands at 0.28. Similarly, the long-term debt-to-equity ratio is also 0.28.
NEOG Stock Stochastic Average
As of today, Neogen Corp.’s raw stochastic average for the last 50 days stands at 8.90%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 7.58%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 6.06% and 6.86%, respectively.
NEOG Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -24.46%. However, over the last six months, the performance has been stronger by -28.75%. The price of NEOG decreased -10.33% over the last 30 days. And in the last five days, it has fallen by -7.21%.
