Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Novo Nordisk ADR (NYSE: NVO) was $126.69 for the day, down -0.47% from the previous closing price of $127.29. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 3.25 million shares were traded. NVO stock price reached its highest trading level at $128.43 during the session, while it also had its lowest trading level at $126.62.
Ratios:
Our analysis of NVO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 313.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.54. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on April 12, 2024, initiated with a Outperform rating and assigned the stock a target price of $163.
On January 23, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $120.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVO now has a Market Capitalization of 564894236672 and an Enterprise Value of 585287467008. As of this moment, Novo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.75, and their Forward P/E ratio for the next fiscal year is 30.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 15.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.91 while its Price-to-Book (P/B) ratio in mrq is 39.44. Its current Enterprise Value per Revenue stands at 2.396 whereas that against EBITDA is 4.967.
Stock Price History:
Over the past 52 weeks, NVO has reached a high of $138.28, while it has fallen to a 52-week low of $75.56. The 50-Day Moving Average of the stock is -0.41%, while the 200-Day Moving Average is calculated to be 18.85%.
Shares Statistics:
NVO traded an average of 4.79M shares per day over the past three months and 4701520 shares per day over the past ten days. A total of 3.38B shares are outstanding, with a floating share count of 3.34B. Insiders hold about 0.00% of the company’s shares, while institutions hold 9.30% stake in the company. Shares short for NVO as of 1713139200 were 3242768 with a Short Ratio of 0.68, compared to 1710460800 on 4109323.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.6.
