An Important Check-Up On Equinor ASA ADR (NYSE: EQNR)

Equinor ASA ADR (EQNR) concluded trading on Wednesday at a closing price of $28.67, with 4.86 million shares of worth about $139.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.34% during that period and on Wednesday, January 31 the price saw a loss of about -2.68%. Currently the company’s common shares owned by public are about 3.13B shares, out of which, 2.96B shares are available for trading.

However, the stock later moved at a day high price of 29.41, or with a loss of -2.68%. Stock saw a price change of 0.56% in past 5 days and over the past one month there was a price change of -9.39%. Year-to-date (YTD), EQNR shares are showing a performance of -9.39% which increased to 1.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.31 but also hit the highest price of $34.11 during that period. The average intraday trading volume for Equinor ASA ADR shares is 2.50 million. The stock is currently trading -3.75% below its 20-day simple moving average (SMA20), while that difference is down -7.07% for SMA50 and it goes to -4.17% lower than SMA200.

Equinor ASA ADR (NYSE: EQNR) currently have 3.13B outstanding shares and institutions hold larger chunk of about 2.03% of that.

The stock has a current market capitalization of $85.00B and its 3Y-monthly beta is at 0.87. PE ratio of stock for trailing 12 months is 5.18, while it has posted earnings per share of $5.54 in the same period. Its PEG reads 0.89 and has Quick Ratio of 1.66 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQNR, volatility over the week remained 1.86% while standing at 1.63% over the month.

Analysts are in expectations that Equinor ASA ADR (EQNR) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -46.41% while it is estimated to decrease by -6.54% in next year. EPS is likely to shrink at an annualized rate of 5.80% for next 5-years, compared to annual growth of 45.27% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 10, 2024 offering a Market perform rating for the stock and assigned a target price of $28 to it.

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