Nomad Foods Limited (NYSE:NOMD) went up by 5.68% from its latest closing price compared to the recent 1-year high of $31.85. The company’s stock price has collected 0.26% of gains in the last five trading sessions.
Is It Worth Investing in Nomad Foods Limited (NYSE :NOMD) Right Now?
Nomad Foods Limited (NYSE:NOMD) scored a price-to-earnings ratio above its average ratio, recording 17.71 x from its present earnings ratio. Plus, the 36-month beta value for NOMD is at 0.72. Opinions of the stock are interesting as 9 analysts out of 11 who provided ratings for Nomad Foods Limited declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.16, which is $9.28 above the current price. NOMD currently public float of 144.10M and currently shorts hold a 1.39% ratio of that float. Today, the average trading volume of NOMD was 1.18M shares.
NOMD’s Market Performance
NOMD stocks went up by 0.26% for the week, with a monthly drop of -13.25% and a quarterly performance of -28.82%, while its annual performance rate touched -33.32%. The volatility ratio for the week stands at 5.81% while the volatility levels for the past 30 days are set at 4.07% for Nomad Foods Limited. The simple moving average for the period of the last 20 days is -2.87% for NOMD stocks with a simple moving average of -23.67% for the last 200 days.
Analysts’ Opinion of NOMD
Many brokerage firms have already submitted their reports for NOMD stocks, with UBS repeating the rating for NOMD by listing it as a “Buy.” The predicted price for NOMD in the upcoming period, according to UBS is $26 based on the research report published on March 30th of the current year 2022.
Mizuho, on the other hand, stated in their research note that they expect to see NOMD reach a price target of $31. The rating they have provided for NOMD stocks is “Buy” according to the report published on January 27th, 2022.
Goldman gave a rating of “Neutral” to NOMD, setting the target price at $29 in the report published on November 05th of the previous year.
NOMD Trading at -9.22% from the 50-Day Moving Average
After a stumble in the market that brought NOMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.38% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 5.81%, as shares sank -11.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.95% lower at present.
During the last 5 trading sessions, NOMD rose by +0.26%, which changed the moving average for the period of 200-days by -28.42% in comparison to the 20-day moving average, which settled at $19.43. In addition, Nomad Foods Limited saw -25.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NOMD
Current profitability levels for the company are sitting at:
- +15.99 for the present operating margin
- +28.24 for the gross margin
The net margin for Nomad Foods Limited stands at +6.94. Equity return is now at value 8.00, with 3.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.