Alert: Positive Investment/Fundamental Signals (12/15/23)-Neogen Corp (NASDAQ: NEOG)


Neogen Corp (NASDAQ: NEOG) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Small positive changes in fundamentals have recently occurred for Neogen Corp (NASDAQ: NEOG): significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Neogen has a poor Appreciation Score of 20 but a neutral Power Rating of 52, resulting in the Negative Value Trend Rating.

Recent Price Action

Neogen Corp (NASDAQ: NEOG) stock declined slightly by -0.5% on 12/15/23. The stock closed at $19.42. Moreover, this decline was accompanied by unusually high trading volume at 176% of normal. The stock has performed in line with the market over the last nine months and has risen 5.8% during the last week.

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