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After finishing at $78.69 in the prior trading day, Novo Nordisk ADR (NYSE: NVO) closed at $81.03, up 2.97%. In other words, the price has increased by $2.97 from its previous closing price. On the day, 7.94 million shares were traded. NVO stock price reached its highest trading level at $81.105 during the session, while it also had its lowest trading level at $79.32.
Ratios:
Our goal is to gain a better understanding of NVO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.43.
On May 30, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $156.
On April 12, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $163.BMO Capital Markets initiated its Outperform rating on April 12, 2024, with a $163 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, NVO now has a Market Capitalization of 352918077440 and an Enterprise Value of 342860857344. As of this moment, Novo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.28, and their Forward P/E ratio for the next fiscal year is 20.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.88 while its Price-to-Book (P/B) ratio in mrq is 14.99. Its current Enterprise Value per Revenue stands at 1.267 whereas that against EBITDA is 2.691.
Stock Price History:
Over the past 52 weeks, NVO has reached a high of $148.15, while it has fallen to a 52-week low of $78.17. The 50-Day Moving Average of the stock is -17.71%, while the 200-Day Moving Average is calculated to be -33.66%.
Shares Statistics:
The stock has traded on average 7.26M shares per day over the past 3-months and 9769880 shares per day over the last 10 days, according to various share statistics. A total of 3.34B shares are outstanding, with a floating share count of 3.34B. Insiders hold about 0.03% of the company’s shares, while institutions hold 9.98% stake in the company. Shares short for NVO as of 1735603200 were 8302268 with a Short Ratio of 1.14, compared to 1732838400 on 5679555. Therefore, it implies a Short% of Shares Outstanding of 8302268 and a Short% of Float of 0.26.
Dividends & Splits
In the trailing 12 months, NVO’s forward annual dividend rate was 9.9, compared to 1.45 this year. Against a Trailing Annual Dividend Yield of 0.12581013The stock’s 5-year Average Dividend Yield is 1.45.
