A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Neogen Corp.’s current trading price is -49.62% away from its 52-week high, while its distance from the 52-week low is 3.41%. The stock’s price range for this time frame has been between $11.74 and $24.09. The trading volume of the company’s shares in the Healthcare reached around 3.14 million for the day, which was evidently higher than the average daily volume of 2.1 million over the last three months.
The market performance of Neogen Corp. has been somewhat unstable. Over the past year, the company’s stock achieved a high of $24.09 on 08/15/23, with the lowest value for the same timeframe being $11.74, recorded on 04/16/24.
How Financial Performance Impacts Market Capitalization
Neogen Corp. (NEOG) has experienced a quarterly decline of -28.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.63B and boasts a workforce of 2640 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.79, with a change in price of -4.37. Similarly, Neogen Corp. recorded 1,963,532 in trading volume during the last 100 days, posting a change of -26.47%.
How NEOG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
Neogen Corp.’s raw stochastic average for the past 50 days is currently at 6.56%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 9.49%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 7.03% and 7.44%, respectively.
NEOG Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price decrease of -39.63%. However, over the past six months, we’ve seen a stronger performance of -21.12%. The price of NEOG leaped by -19.44% over the last 30 days. And in the last five days, it has fallen by -2.88%.
