Neogen Corp (NASDAQ: NEOG) has reported a loss for its fourth fiscal quarter (ending May 31) of $-0.02 versus $0.03 for the same period a year ago. E.P.S. were $-0.04 for the latest four quarters through May 31 versus $-0.12 for the same period a year ago.
Recent Price Action
Neogen Corp (NASDAQ: NEOG) stock closed at $17.58 on 7/30/24 after an increase of 1.6%. Moreover, trading volume in this advance was exceptionally high at 225% of normal. The stock has risen 5.8% during the last week but has been 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Neogen has a poor Appreciation Score of 24 and a very low Power Rating of 9, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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