Inspire Investing LLC Acquires 16,930 Shares of Neogen Co.

NEOG Stock  USD 12.04  0.02  0.17%   
Roughly 62% 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.
  
Inspire Investing LLC raised its holdings in Neogen Co. by 99.3 percent during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,979 shares of the companys stock after acquiring an additional 16,930 shares during the quarter. Inspire Investing LLCs holdings

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Neogen Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Neogen can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

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.

Working Capital

Working Capital Comparative Analysis

Neogen is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

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

XGNExagen   9.34   
0%
79.0%
SERASera Prognostics   7.33   
0%
62.0%
BNRBurning Rock   6.99   
0%
59.0%
IQVIQVIA Holdings   3.00   
0%
25.0%
RDNTRadNet   1.85   
0%
15.0%
ICLRICON PLC   1.42   
0%
12.0%
MYGNMyriad Genetics   0.83   
0%
7.0%
QGENQiagen NV   0.79   
0%
6.0%
MEDPMedpace Holdings   0.64   
0%
5.0%
FONRFonar   0.20   
0%
1.0%
SHCSotera Health   0.23   
1.0%
0%
ACRSAclaris Therapeutics   11.69   
100.0%
0%

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