Neogen Corp (NASDAQ: NEOG) stock closed at $15.90 on 6/4/24 after a major increase of 15.9%. Moreover, trading volume in this advance was exceptionally high at 200% of normal. The stock has risen 19.9% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NEOG is expected to continue to be Value Creation neutral.
Neogen has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Neogen has a slightly negative Appreciation Score of 34 and a very low Power Rating of 4, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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