Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Nomad Foods Limited’s stock clocked out at $19.57, down -0.46% from its previous closing price of $19.66. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 0.5 million shares were traded. NOMD stock price reached its highest trading level at $19.725 during the session, while it also had its lowest trading level at $19.447.
Ratios:
To gain a deeper understanding of NOMD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.05. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 1.10. 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 3015893504 and an Enterprise Value of 4776196096. As of this moment, Nomad’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.88, and their Forward P/E ratio for the next fiscal year is 8.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 1.541 whereas that against EBITDA is 9.267.
Stock Price History:
The Beta on a monthly basis for NOMD is 0.82, which has changed by -0.0076065063 over the last 52 weeks, in comparison to a change of 0.08275449 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 $15.43. The 50-Day Moving Average of the stock is 7.90%, while the 200-Day Moving Average is calculated to be 9.44%.
Shares Statistics:
It appears that NOMD traded 668.86K shares on average per day over the past three months and 817690 shares per day over the past ten days. A total of 156.09M shares are outstanding, with a floating share count of 126.17M. Insiders hold about 17.75% of the company’s shares, while institutions hold 77.97% stake in the company. Shares short for NOMD as of 1740700800 were 2086824 with a Short Ratio of 3.12, compared to 1738281600 on 2118914. Therefore, it implies a Short% of Shares Outstanding of 2086824 and a Short% of Float of 1.9299999.
