The stock of Nordstrom Inc. (JWN) has gone up by 0.61% for the week, with a -24.50% drop in the past month and a -23.95% drop in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are 4.46% for JWN. The simple moving average for the last 20 days is -8.17% for JWN’s stock, with a simple moving average of -18.73% for the last 200 days.
Is It Worth Investing in Nordstrom Inc. (NYSE: JWN) Right Now?
Nordstrom Inc. (NYSE: JWN) has a higher price-to-earnings ratio of 83.69x compared to its average ratio,, and the 36-month beta value for JWN is at 2.34. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 11 as “hold,” and 4 as “sell.”
The average price suggested by analysts for JWN is $18.27, which is $3.54 above the current market price. The public float for JWN is 98.38M, and currently, shorts hold a 17.86% of that float. The average trading volume for JWN on September 18, 2023 was 4.68M shares.
JWN) stock’s latest price update
Nordstrom Inc. (NYSE: JWN) has experienced a decline in its stock price by -0.81 compared to its previous closing price of 14.85. However, the company has seen a gain of 0.61% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-14 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Analysts’ Opinion of JWN
Many brokerage firms have already submitted their reports for JWN stocks, with Telsey Advisory Group repeating the rating for JWN by listing it as a “Market Perform.” The predicted price for JWN in the upcoming period, according to Telsey Advisory Group is $19 based on the research report published on August 25, 2023 of the current year 2023.
JWN Trading at -23.01% from the 50-Day Moving Average
After a stumble in the market that brought JWN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.75% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -22.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.76% lower at present.
During the last 5 trading sessions, JWN rose by +0.61%, which changed the moving average for the period of 200-days by -28.18% in comparison to the 20-day moving average, which settled at $15.83. In addition, Nordstrom Inc. saw -8.74% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at JWN starting from Redwine Farrell B., who sale 33,364 shares at the price of $20.37 back on Jun 30. After this action, Redwine Farrell B. now owns 26,564 shares of Nordstrom Inc., valued at $679,561 using the latest closing price.
Bariquit Teri, the Chief Merchandising Officer of Nordstrom Inc., sale 25,000 shares at $19.51 during a trade that took place back on Jun 09, which means that Bariquit Teri is holding 56,853 shares at $487,825 based on the most recent closing price.
Stock Fundamentals for JWN
Current profitability levels for the company are sitting at:
- +3.56 for the present operating margin
- +35.54 for the gross margin
The net margin for Nordstrom Inc. stands at +1.58. The total capital return value is set at 10.29, while invested capital returns managed to touch 4.85. Equity return is now at value 4.80, with 0.30 for asset returns.
Based on Nordstrom Inc. (JWN), the company’s capital structure generated 635.99 points at debt to equity in total, while total debt to capital is 86.41. Total debt to assets is 53.74, with long-term debt to equity ratio resting at 592.96. Finally, the long-term debt to capital ratio is 80.57.
When we switch over and look at the enterprise to sales, we see a ratio of 0.43, with the company’s debt to enterprise value settled at 0.67. The receivables turnover for the company is 59.73 and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
In conclusion, Nordstrom Inc. (JWN) has had a bad performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.