The stock of nVent Electric plc (NVT) has seen a 5.39% increase in the past week, with a 6.71% gain in the past month, and a 2.23% flourish in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.59% for NVT. The simple moving average for the last 20 days is 7.02% for NVT stock, with a simple moving average of 9.10% for the last 200 days.
Is It Worth Investing in nVent Electric plc (NYSE: NVT) Right Now?
The price-to-earnings ratio for nVent Electric plc (NYSE: NVT) is above average at 18.81x. The 36-month beta value for NVT is also noteworthy at 1.31. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for NVT is $61.20, which is $8.57 above than the current price. The public float for NVT is 161.88M, and at present, short sellers hold a 1.94% of that float. The average trading volume of NVT on November 17, 2023 was 1.36M shares.
NVT) stock’s latest price update
The stock price of nVent Electric plc (NYSE: NVT) has plunged by -1.05 when compared to previous closing price of 53.19, but the company has seen a 5.39% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-10-27 that nVent Electric plc (NYSE:NVT ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Tony Riter – VP, IR Beth Wozniak – Chair & CEO Sara Zawoyski – CFO Conference Call Participants Jeff Sprague – Vertical Research Nigel Coe – Wolfe Research Deane Dray – RBC Capital Markets Julian Mitchell – Barclays Joe Ritchie – Goldman Sachs Vlad Bystricky – Citigroup Jeff Hammond – KeyBanc Capital Markets Scott Graham – Seaport Research Operator Hello, and welcome to the nVent Electric Third Quarter 2023 Earnings Call. All participants will be in listen-only mode.
Analysts’ Opinion of NVT
Many brokerage firms have already submitted their reports for NVT stocks, with Citigroup repeating the rating for NVT by listing it as a “Buy.” The predicted price for NVT in the upcoming period, according to Citigroup is $62 based on the research report published on October 03, 2023 of the current year 2023.
NVT Trading at 1.16% from the 50-Day Moving Average
After a stumble in the market that brought NVT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.77% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +9.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.01% lower at present.
During the last 5 trading sessions, NVT rose by +5.39%, which changed the moving average for the period of 200-days by +32.44% in comparison to the 20-day moving average, which settled at $49.40. In addition, nVent Electric plc saw 36.81% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NVT starting from Wacker Randolph A., who sale 1,519 shares at the price of $55.21 back on Aug 04. After this action, Wacker Randolph A. now owns 20,366 shares of nVent Electric plc, valued at $83,857 using the latest closing price.
Ruzynski Joseph A., the President of Enclosures of nVent Electric plc, sale 4,711 shares at $54.66 during a trade that took place back on Aug 03, which means that Ruzynski Joseph A. is holding 38,440 shares at $257,490 based on the most recent closing price.
Stock Fundamentals for NVT
Current profitability levels for the company are sitting at:
- +15.36 for the present operating margin
- +37.70 for the gross margin
The net margin for nVent Electric plc stands at +13.74. The total capital return value is set at 11.95, while invested capital returns managed to touch 10.78. Equity return is now at value 16.83, with 8.72 for asset returns.
Based on nVent Electric plc (NVT), the company’s capital structure generated 42.63 points at debt to equity in total, while total debt to capital is 29.89. Total debt to assets is 23.76, with long-term debt to equity ratio resting at 41.44. Finally, the long-term debt to capital ratio is 29.05.
When we switch over and look at the enterprise to sales, we see a ratio of 3.08, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 5.79 and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
In summary, nVent Electric plc (NVT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.