Food safety testing market size to increase by USD 9.20 billion between 2022 and 2027 Growth driven by increasing importance of food safety standards - Technavio
| NEOG Stock | USD 12.14 0.19 1.54% |
Roughly 63% of all Neogen's stockholders are looking to take a long position. The analysis of overall sentiment of trading Neogen stock suggests that some investors are interested at this time. The current market sentiment, together with Neogen's historical and current headlines, can help investors time the market. In addition, many technical investors use Neogen stock news signals to limit their universe of possible portfolio assets.
Neogen |
The food safety testing market size is forecast to grow by USD 9.20 billion between 2022 and 2027, and the growth momentum will be accelerating at a CAGR of 7.84 percent during the forecast period. The growing importance of food safety standards is one of the major factors driving the growth of the market. Governments across the world are increasing the stringency of regulations on food products to ensure the safety of consumers. For instance, in Europe, the EFSA has set the maximum level of zearalenon
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Neogen Investor Sentiment by Other News Outlets
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Neogen Fundamental Analysis
We analyze Neogen's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neogen using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neogen based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
Neogen is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Neogen Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Neogen stock to make a market-neutral strategy. Peer analysis of Neogen could also be used in its relative valuation, which is a method of valuing Neogen by comparing valuation metrics with similar companies.
Peers
Neogen Related Equities
| SHC | Sotera Health | 2.40 | ||||
| FONR | Fonar | 1.07 | ||||
| MYGN | Myriad Genetics | 0.59 | ||||
| ICLR | ICON PLC | 0.03 | ||||
| MEDP | Medpace Holdings | 0.33 | ||||
| QGEN | Qiagen NV | 0.40 | ||||
| IQV | IQVIA Holdings | 0.48 | ||||
| RDNT | RadNet | 1.66 | ||||
| SERA | Sera Prognostics | 2.40 | ||||
| BNR | Burning Rock | 2.88 | ||||
| XGN | Exagen | 4.21 | ||||
| ACRS | Aclaris Therapeutics | 9.16 |
Complementary Tools for Neogen Stock analysis
When running Neogen's price analysis, check to measure Neogen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Neogen is operating at the current time. Most of Neogen's value examination focuses on studying past and present price action to predict the probability of Neogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen's price. Additionally, you may evaluate how the addition of Neogen to your portfolios can decrease your overall portfolio volatility.
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