NEOG
Neogen Corporation Healthcare - Diagnostics & Research Investor Relations →
Neogen Corporation (NEOG) closed at $8.36 as of 2026-03-20, trading 41.4% below its 200-week moving average of $14.26. This places NEOG in the extreme value zone. The stock is currently moving closer to the line, down from -36.6% last week. The 14-week RSI sits at 59, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.41 ratio) is neutral — neither side is clearly dominating.
Over the past 1860 weeks of data, NEOG has crossed below its 200-week moving average 13 times. On average, these episodes lasted 40 weeks. Historically, investors who bought NEOG at the start of these episodes saw an average one-year return of +39.0%.
With a market cap of $1819 million, NEOG is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -25.3%. The stock trades at 0.9x book value.
Share count has increased 101.3% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in NEOG would have grown to $2686, compared to $2683 for the S&P 500. That represents an annualized return of 10.4% vs 10.4% for the index — confirming NEOG as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NEOG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NEOG Crosses Below the Line?
Across 12 historical episodes, buying NEOG when it crossed below its 200-week moving average produced an average return of +56.0% after 12 months (median +51.0%), compared to +17.5% for the S&P 500 over the same periods. 75% of those episodes were profitable after one year. After 24 months, the average return was +54.4% vs +35.2% for the index.
Each line shows $100 invested at the moment NEOG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NEOG has crossed below its 200-week MA 13 times with an average 1-year return of +39.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1990 | Jan 1992 | 78 | 69.0% | -51.4% | +2049.2% |
| Mar 1992 | Sep 1992 | 27 | 30.3% | -12.5% | +2586.5% |
| Sep 1992 | Jan 1993 | 18 | 18.0% | +14.8% | +2686.0% |
| Feb 1993 | Aug 1993 | 26 | 31.5% | +153.8% | +2793.1% |
| Dec 1995 | Jan 1996 | 4 | 11.5% | +33.3% | +1691.0% |
| Feb 1996 | Mar 1996 | 6 | 4.0% | +48.8% | +1649.3% |
| Apr 1997 | May 1997 | 5 | 4.0% | +58.5% | +1319.3% |
| Jun 1998 | Jan 1999 | 34 | 27.0% | -12.9% | +1113.2% |
| Feb 1999 | Oct 2000 | 88 | 35.4% | -21.8% | +1113.2% |
| Nov 2000 | Dec 2000 | 3 | 3.9% | +150.8% | +1113.2% |
| Apr 2005 | Jul 2005 | 15 | 15.8% | +61.3% | +427.5% |
| Mar 2020 | Mar 2020 | 2 | 4.5% | +45.5% | -70.5% |
| Jan 2022 | Ongoing | 218+ | 80.0% | Ongoing | -76.1% |
| Average | 40 | — | +39.0% | — |
Frequently Asked Questions
Is NEOG below its 200-week moving average?
Yes. As of 2026-03-20, Neogen Corporation (NEOG) is trading 41.4% below its 200-week moving average of $14.26. The current price is $8.36.
What is NEOG's 200-week moving average price?
Neogen Corporation's 200-week moving average is $14.26 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NEOG drops below its 200-week moving average?
NEOG has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +39.0%. These dips have historically been decent entry points. These episodes lasted 40 weeks on average.
Is NEOG a good value right now?
Here's what our data says about NEOG as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 59. Free cash flow is currently negative. Return on equity is -25.3%. Price-to-book is 0.9x. This is not a buy or sell recommendation — always do your own research.
How does NEOG compare to the S&P 500?
Over the past 33.2 years, $100 invested in NEOG would have grown to $2686, compared to $2683 for the S&P 500. That's 10.4% annualized vs 10.4% for the index. NEOG has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20