Recent exceptional negative changes in investment behavior have affected Neogen Corp (NASDAQ: NEOG): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Neogen Corp (NASDAQ: NEOG) suffers from minimal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Neogen has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 42, resulting in the Neutral Value Trend Rating.
Recent Price Action
Neogen Corp (NASDAQ: NEOG) stock suffered a large decline of -7.2% on 10/1/24. The stock closed at $15.60. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -10.5% during the last week.
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