Market Momentum: Nomad Foods Limited (NOMD) Registers a 1.04 Increase, Closing at 17.48

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Nomad Foods Limited (NYSE: NOMD) closed the day trading at $17.48 up 1.04% from the previous closing price of $17.30. In other words, the price has increased by $1.04 from its previous closing price. On the day, 0.59 million shares were traded.

Ratios:

For a better understanding of NOMD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.04. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 1.06. 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:

As of this moment, Nomad’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.55, and their Forward P/E ratio for the next fiscal year is 7.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.95.

Stock Price History:

Over the past 52 weeks, NOMD has reached a high of $20.81, while it has fallen to a 52-week low of $15.43. The 50-Day Moving Average of the stock is -8.27%, while the 200-Day Moving Average is calculated to be -4.31%.

Shares Statistics:

A total of 153.51M shares are outstanding, with a floating share count of 126.26M. Insiders hold about 17.70% of the company’s shares, while institutions hold 76.56% stake in the company.

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