nVent Electric plc (NVT) concluded trading on Thursday at a closing price of $70.33, with 2.67 million shares of worth about $187.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.55% during that period and on July 25, 2024 the price saw a loss of about -1.35%. Currently the company’s common shares owned by public are about 165.07M shares, out of which, 164.14M shares are available for trading.
Stock saw a price change of -5.45% in past 5 days and over the past one month there was a price change of -9.29%. Year-to-date (YTD), NVT shares are showing a performance of 19.02% which increased to 33.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.60 but also hit the highest price of $86.57 during that period. The average intraday trading volume for nVent Electric plc shares is 1.58 million. The stock is currently trading -8.08% below its 20-day simple moving average (SMA20), while that difference is down -10.75% for SMA50 and it goes to 6.22% higher than SMA200.
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nVent Electric plc (NYSE: NVT) currently have 165.07M outstanding shares and institutions hold larger chunk of about 94.23% of that.
The stock has a current market capitalization of $11.68B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 20.47, while it has posted earnings per share of $3.44 in the same period. Its PEG reads 2.62 and has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVT, volatility over the week remained 4.16% while standing at 3.38% over the month.
Stock’s fiscal year EPS is expected to rise by 6.62% while it is estimated to increase by 9.48% in next year. EPS is likely to shrink at an annualized rate of 7.80% for next 5-years, compared to annual growth of 21.44% 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 Deutsche Bank on March 11, 2024 offering a Buy rating for the stock and assigned a target price of $83 to it. Coverage by Citigroup stated nVent Electric plc (NVT) stock as a Buy in their note to investors on October 03, 2023, suggesting a price target of $62 for the stock. Stock get a Sector weight rating from KeyBanc Capital Markets on December 13, 2022.