Novo Nordisk ADR (NVO) concluded trading on Wednesday at a closing price of $118.03, with 3.02 million shares of worth about $356.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.22% during that period and on October 16, 2024 the price saw a gain of about 0.19%. Currently the company’s common shares owned by public are about 3.38B shares, out of which, 3.34B shares are available for trading.
Stock saw a price change of 0.88% in past 5 days and over the past one month there was a price change of -10.58%. Year-to-date (YTD), NVO shares are showing a performance of 14.09% which increased to 16.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $92.94 but also hit the highest price of $148.15 during that period. The average intraday trading volume for Novo Nordisk ADR shares is 4.09 million. The stock is currently trading -2.15% below its 20-day simple moving average (SMA20), while that difference is down -8.21% for SMA50 and it goes to -7.63% lower than SMA200.
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Novo Nordisk ADR (NYSE: NVO) currently have 3.38B outstanding shares and institutions hold larger chunk of about 10.07% of that.
The stock has a current market capitalization of $394.03B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 40.51, while it has posted earnings per share of $2.91 in the same period. Its PEG reads 2.22 and has Quick Ratio of 0.75 while making debt-to-equity ratio of 0.51. 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 1.17% while standing at 1.40% over the month.
Stock’s fiscal year EPS is expected to rise by 24.03% while it is estimated to increase by 25.82% in next year. EPS is likely to grow at an annualized rate of 18.21% 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 Goldman on May 30, 2024 offering a Buy rating for the stock and assigned a target price of $156 to it. Coverage by BMO Capital Markets stated Novo Nordisk ADR (NVO) stock as an Outperform in their note to investors on April 12, 2024, suggesting a price target of $163 for the stock. Stock get an Overweight rating from Cantor Fitzgerald on December 01, 2023.
