Consider Our Overview Before Taking a Position in NEOG

By Chris Stiles • Friday, June 30 09:50 • Permanent Link

Mid-cap Health Care company Neogen has logged a 0.6% change today on a trading volume of 54,515. The average volume for the stock is 1,719,830.

Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. Based in Lansing, United States the company has 2,108 full time employees and a market cap of $4,774,159,360.

The company is now trading 7.71% away from its average analyst target price of $20.5 per share. The 2 analysts following the stock have set target prices ranging from $19.0 to $22.0, and on average give Neogen a rating of buy.

Over the last year, NEOG shares have gone down by -967.1%, which represents a difference of -2460.0% when compared to the S&P 500. The stock's 52 week high is $24.67 per share and its 52 week low is $10.49. With its gross margins declining an average -0.6% over the last 3 years, Neogen may not have a strong enough business to reverse this trend.

Date Reported	Revenue ($ k)	Cost of Revenue ($ k)	Gross Margins (%)	YoY Growth (%)
2022-05-31	527,159	284,146	46.1	0.41
2021-05-31	468,459	253,403	45.91	-2.19
2020-05-31	418,170	221,891	46.94	n/a

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.