Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Neogen Corp.’s current trading price is -48.66% away from its 52-week high, while its distance from the 52-week low is 7.94%. The stock’s price range during this period has varied between $11.46 and $24.09. The company, active in the Healthcare sector, saw a trading volume of around 2.53 million for the day, considerably higher average daily volume of 2.04 million observed over the last three months.
Neogen Corp. had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $24.09 on 08/15/23, while the lowest price during the same period was $11.46 on 04/22/24.
How Financial Performance Impacts Market Capitalization
Neogen Corp. (NEOG) has experienced a quarterly decline of -24.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.68B 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 16.56, with a change in price of -4.58. Similarly, Neogen Corp. recorded 2,015,474 in trading volume during the last 100 days, posting a change of -27.02%.
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
As of today, the raw stochastic average of Neogen Corp. over the last 50 days is at 14.27%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 20.24%. Further, the company’s Stochastic %K and %D values for the last 20 days were 15.42% and 9.83%, respectively.
NEOG Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a loss of -38.49%.However, over the last six months, we can see a stronger performance of -17.75%. Over the last 30 days, the price of NEOG has leaped by -18.56%. And in the last five days, it has surged by 1.89%.
