How to Buy Neogen Stock
Neogen Corp
Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety.
Neogen stock last closed at $12.31, up 4.5% from the previous day, and has decreased 29.09% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.24 percentage points. Neogen stock is currently +7.42% from its 52-week low of $11.46, and -48.91% from its 52-week high of $24.10.
There are currently 216.61M shares of NEOG outstanding. The market cap of NEOG is $2.67B. In the past 24 hours, 2.57M NEOG shares were traded.
How to Buy Neogen Stock
Wondering how to invest in Neogen stock? Here's how.
- Choose where to buy Neogen stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Neogen stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Evaluate Neogen stock: The Neogen ticker symbol is NEOG. Is Neogen stock a good investment? Should you buy shares of NEOG? How do NEOG's underlying business fundamentals look? Do top analysts think Neogen is a good buy? Why has NEOG's stock price moved recently? (Hint: Our stock research website can help you understand if NEOG is a good stock to buy).
- Make your NEOG purchase: Decide if you will purchase NEOG shares at the current market price or use a limit order to purchase NEOG stock at a particular price.
- Get the latest news on your NEOG position: Create a watchlist to keep track of your position in Neogen shares.
Step 1: Choose where to buy Neogen stock
You will need an online brokerage account in order to access the NASDAQ market and buy NEOG shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you can invest in NEOG stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on stock market app, you need to deposit funds:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Neogen stock
Once you have figured out the best place to buy Neogen stock, it's critical to analyze their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
Neogen Metrics
Neogen Fundamentals
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on NEOG's stock page.
Is NEOG stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NEOG's fair value.
Using relative valuations methods:
- NEOG could be overvalued based on its P/E ratio of 615.5x, relative to Diagnostics & Research industry P/E ratio of 38.97x
- NEOG could be undervalued based on its P/B ratio of 0.85x, relative to Diagnostics & Research industry P/B ratio of 4.24x
- NEOG could be overvalued based on its PEG ratio of 1.3x
You can do more valuation research on NEOG's stock here.
NEOG Financial Health Summary
Passed Financial Due Diligence Checks:
- NEOG profit margin has gone up from -1.9% to 0.2% in the past year.
- NEOG has $168.45M in cash and short term investments. This is sufficient to cover its annual cash burn of $12.98M.
- There are more short-term assets than short-term liabilities on the NEOG balance sheet.
- NEOG has cash burn of 12982000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the NEOG balance sheet.
- Total NEOG debt is higher than 5 years ago, relative to shareholder equity.
- NEOG has a relatively high debt to equity ratio of 0.46.
Do analysts think it's a good time to buy NEOG stock
Out of 1 sell side analysts who track NEOG, the consensus analyst rating on Neogen is a Hold
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Neogen stock forecast page.
NEOG Momentum
Is NEOG Growing Revenue?
Last year, NEOG earnings were $1.57M. During the last five year, NEOG's earnings have gone up by -49.27% per year. This was slower than the Diagnostics & Research industry average of 12.83%.
Last year, NEOG revenue was $929.24M. In the past 5 year, NEOG's revenue has grown by 17.63% per year. This was faster than the Diagnostics & Research industry average of 12.5%.
You can research NEOG's earnings and revenue performance here.
Are NEOG executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at NEOG have bought more shares than they have sold.
Douglas Edward Jones, Chief Operating Officer of NEOG, was the latest NEOG insider to buy. They bought $123,590.00 worth of NEOG stock on Apr 17, 2024.
Research more about who owns NEOG stock here.
Does NEOG provide a stable income stream?
No, Neogen doesn't provide an income stream by paying out dividends.
NEOG Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your NEOG purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and your broker will execute your order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your NEOG position
Now that you own some NEOG stock, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to get notified of important updates regarding your NEOG stock.
NEOG Feed
How to Buy Stock in Neogen
To summarize, here are the 6 steps to buy stock in Neogen:
- Choose where to buy Neogen stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Evaluate Neogen stock
- Make your NEOG purchase
- Get the latest news on your NEOG position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Neogen, add NEOG to your watchlist below.
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