A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -34.26% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -22.83%. Over the past 30 days, the price of NEOG has leaped by -19.24%. And in the last five days, it has fallen by -8.76%.
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 $13.94 on 04/09/24.
52-week price history of NEOG Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Neogen Corp.’s current trading price is -45.13% away from its 52-week high, while its distance from the 52-week low is -5.20%. The stock’s price range during this period has varied between$13.94 and $24.09. The Neogen Corp.’s shares, which operate in the Healthcare, saw a trading volume of around 3.65 million for the day, a figure considerably higher than their average daily volume of 1.91 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Neogen Corp. (NEOG) has experienced a quarterly decline of -33.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.86B and boasts a workforce of 2640 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.02, with a change in price of -1.34. Similarly, Neogen Corp. recorded 1,778,507 in trading volume during the last 100 days, posting a change of -9.11%.
NEOG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
Neogen Corp.’s raw stochastic average for the past 50 days is presently 10.94%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 15.70%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 14.61% and 10.31%, respectively.
