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 -32.17% away from its 52-week high, while its distance from the 52-week low is 23.65%. The stock’s price range during this period has varied between $11.46 and $20.89. The company, active in the Healthcare sector, saw a trading volume of around 1.59 million for the day, considerably higher average daily volume of 1.54 million observed over the last three months.
Neogen Corp’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $20.89 on 12/22/23, and the lowest price during the same period was recorded at $11.46 on 04/22/24.
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How Financial Performance Impacts Market Capitalization
Neogen Corp (NEOG) has experienced a quarterly decline of -15.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.07B and boasts a workforce of 2917 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 15.82, with a change in price of -0.91. Similarly, Neogen Corp recorded 1,621,941 in trading volume during the last 100 days, posting a change of -6.03%.
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 past 50 days is 15.23%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 4.03%. Additionally, the Stochastic %K and %D values for the company were 30.35% and 35.83%, respectively, over the past 20 days.
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. The index has shown a price loss of -29.54% this year. Over the last six months, there has been a weaker performance of 7.59%. The price of NEOG fallen by 0.85% during the last 30 days period. For the last 5-days stocks have slided -6.10%.
