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 $20.29, down 3.84% from the previous day, and has decreased 43.07% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.32 percentage points. Neogen stock is currently +93.42% from its 52-week low of $10.49, and -45.01% from its 52-week high of $36.90.
There are currently 216.15M shares of NEOG outstanding. The market cap of NEOG is $4.39B. In the past 24 hours, 2.04M 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:
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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.
- Enter your personal data to open your new trading account.
- Send your information by clicking the "Create Account" button.
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 405.8x, relative to Diagnostics & Research industry P/E ratio of 37.84x
- NEOG could be undervalued based on its P/B ratio of 1.41x, relative to Diagnostics & Research industry P/B ratio of 4.54x
- NEOG could be overvalued based on its PEG ratio of 2.69x
You can do more valuation research on NEOG's stock here.
NEOG Financial Health Summary
Passed Financial Due Diligence Checks:
- NEOG has $276.34M in cash and short term investments. This is sufficient to cover its annual cash burn of $49.58M.
- There are more short-term assets than short-term liabilities on the NEOG balance sheet.
- NEOG has cash burn of 49578000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- NEOG has a relatively high debt to equity ratio of 0.47.
- Total NEOG debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the NEOG balance sheet.
- NEOG profit margin has gone down from 11.3% to -2.6% in the past year.
Do analysts think it's a good time to buy NEOG stock
Out of 2 sell side analysts who track NEOG, the consensus analyst rating on Neogen is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent NEOG Analyst Forecasts
David Westenberg, a top 22% analyst from Piper Sandler maintains NEOG with a hold rating and raises their NEOG price target from $14.00 to $17.00, on Dec 15, 2022.
Brandon Vazquez, a top 50% analyst from William Blair upgrades NEOG to a buy rating, on Nov 22, 2022.
You can dive deeper into what analysts are forecasting on the Neogen stock forecast page.
NEOG Momentum
NEOG Performance Numbers
Last year, NEOG earnings were -$16.23M. During the past 5 year, NEOG's earnings have grown by -37.03% per year. This was slower than the Diagnostics & Research industry average of 22.18%.
Last year, NEOG revenue was $630.72M. In the past five year, NEOG's revenue has gone up by 10.73% per year. This was slower than the Diagnostics & Research industry average of 16.4%.
Dig into NEOG's earnings and revenue performance here.
Are NEOG insiders buying or selling the stock?
In the last 12 months, executives and large shareholders at NEOG have bought more shares than they have sold.
William T. Boehm, Director of NEOG, was the latest NEOG insider to sell. They sold $15,060.00 worth of NEOG shares on Jan 26, 2023.
Research more about who owns NEOG shares here.
Does NEOG provide a stable income stream?
No, Neogen doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your NEOG purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you require additional info about buying 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 new shares.
Add NEOG to a watchlist to get notified of important updates regarding your NEOG stock.
NEOG Feed
How to Buy Stock in Neogen
To reiterate, here are the 6 steps you need to take to buy Neogen stock right now:
- 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 online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Neogen, create a watchlist today.
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