Currently, there are 3.38B common shares owned by the public and among those 3.34B shares have been available to trade.
The company’s stock has a 5-day price change of -3.86% and -15.57% over the past three months. NVO shares are trading 8.25% year to date (YTD), with the 12-month market performance up to 19.76% higher. It has a 12-month low price of $94.73 and touched a high of $148.15 over the same period. NVO has an average intraday trading volume of 4.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.85%, -10.85%, and -12.64% respectively.
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Institutional ownership of Novo Nordisk ADR (NYSE: NVO) shares accounts for 10.09% of the company’s 3.38B shares outstanding.
It has a market capitalization of $373.84B and a beta (3y monthly) value of 0.42. The stock’s trailing 12-month PE ratio is 38.43, while the earnings-per-share (ttm) stands at $2.91. The company has a PEG of 2.11 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.26% over the week and 1.19% over the month.
Earnings per share for the fiscal year are expected to increase by 23.44%, and 25.94% over the next financial year. EPS should grow at an annualized rate of 18.21% over the next five years, compared to 16.48% over the past 5-year period.
Looking at the support for the NVO, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on May 30, 2024, with the firm’s price target at $156. BMO Capital Markets coverage for the Novo Nordisk ADR (NVO) stock in a research note released on April 12, 2024 offered a Outperform rating with a price target of $163. Cantor Fitzgerald on their part issued Overweight rating on December 01, 2023.
