Novo Nordisk ADR (NVO) concluded trading on Wednesday at a closing price of $114.74, with 12.01 million shares of worth about $1.38 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.89% during that period and on Wednesday, January 31 the price saw a gain of about 5.25%. Currently the company’s common shares owned by public are about 3.42B shares, out of which, 3.39B shares are available for trading.
However, the stock later moved at a day high price of 116.12, or with a gain of 5.25%. Stock saw a price change of 9.06% in past 5 days and over the past one month there was a price change of 10.91%. Year-to-date (YTD), NVO shares are showing a performance of 10.91% which increased to 65.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.58 but also hit the highest price of $109.33 during that period. The average intraday trading volume for Novo Nordisk ADR shares is 4.20 million. The stock is currently trading 7.71% above its 20-day simple moving average (SMA20), while that difference is up 11.30% for SMA50 and it goes to 25.17% higher than SMA200.
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Novo Nordisk ADR (NYSE: NVO) currently have 3.42B outstanding shares and institutions hold larger chunk of about 8.87% of that.
The stock has a current market capitalization of $388.46B and its 3Y-monthly beta is at 0.41. PE ratio of stock for trailing 12 months is 42.46, while it has posted earnings per share of $2.70 in the same period. Its PEG reads 15.17 and has Quick Ratio of 0.64 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVO, volatility over the week remained 1.62% while standing at 1.57% over the month.
Analysts are in expectations that Novo Nordisk ADR (NVO) stock would likely to be making an EPS of $0.65 in the current quarter, while forecast for next quarter EPS is $0.81 and it is $3.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.65 which is $0.66 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.44 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.72% while it is estimated to increase by 20.37% in next year. EPS is likely to shrink at an annualized rate of 2.80% for next 5-years, compared to annual growth of 16.48% 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 Morgan Stanley on January 23, 2024 offering an Overweight rating for the stock and assigned a target price of $120 to it.
