In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Nomad Foods Limited (NYSE: NOMD) closed at $13.08 down -1.06% from its previous closing price of $13.22. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 1.93 million shares were traded. NOMD stock price reached its highest trading level at $13.4 during the session, while it also had its lowest trading level at $13.07.
Ratios:
For a deeper understanding of Nomad Foods Limited’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.78. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.81.
On January 05, 2023, Credit Suisse Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $25 to $20. On March 30, 2022, UBS started tracking the stock assigning a Buy rating and target price of $26.UBS initiated its Buy rating on March 30, 2022, with a $26 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOMD now has a Market Capitalization of 1986113280 and an Enterprise Value of 3800880384. As of this moment, Nomad’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.90, and their Forward P/E ratio for the next fiscal year is 6.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 1.238 whereas that against EBITDA is 7.55.
Stock Price History:
The Beta on a monthly basis for NOMD is 0.69, which has changed by -0.31410593 over the last 52 weeks, in comparison to a change of 0.16333759 over the same period for the S&P500. Over the past 52 weeks, NOMD has reached a high of $20.81, while it has fallen to a 52-week low of $13.14. The 50-Day Moving Average of the stock is -16.33%, while the 200-Day Moving Average is calculated to be -25.21%.
Shares Statistics:
For the past three months, NOMD has traded an average of 1.18M shares per day and 2071980 over the past ten days. A total of 150.24M shares are outstanding, with a floating share count of 126.55M. Insiders hold about 17.51% of the company’s shares, while institutions hold 75.59% stake in the company. Shares short for NOMD as of 1756425600 were 1351331 with a Short Ratio of 1.14, compared to 1753920000 on 1583127. Therefore, it implies a Short% of Shares Outstanding of 1351331 and a Short% of Float of 1.2899999500000001.
Earnings Estimates
The performance of Nomad Foods Limited (NOMD) in the stock market is under the watchful eye of 6.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is $0.45, with high estimates of $0.48 and low estimates of $0.42.
Analysts are recommending an EPS of between $1.71 and $1.63 for the fiscal current year, implying an average EPS of $1.66. EPS for the following year is $1.8, with 7.0 analysts recommending between $1.95 and $1.63.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $762.15M this quarter.It ranges from a high estimate of $763.5M to a low estimate of $760M. As of the current estimate, Nomad Foods Limited’s year-ago sales were $769.6MFor the next quarter, 5 analysts are estimating revenue of $794.72M. There is a high estimate of $806M for the next quarter, whereas the lowest estimate is $779.12M.
A total of 5 analysts have provided revenue estimates for NOMD’s current fiscal year. The highest revenue estimate was $3.08B, while the lowest revenue estimate was $3.05B, resulting in an average revenue estimate of $3.06B. In the same quarter a year ago, actual revenue was $3.1BBased on 5 analysts’ estimates, the company’s revenue will be $3.14B in the next fiscal year. The high estimate is $3.19B and the low estimate is $3.07B.
