Equinor ASA ADR (NYSE: EQNR) has a price-to-earnings ratio of 6.98x that is above its average ratio. Additionally, the 36-month beta value for EQNR is 0.86. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQNR is 2.96B and currently, short sellers hold a 0.38% ratio of that float. The average trading volume of EQNR on April 02, 2024 was 3.63M shares.
EQNR) stock’s latest price update
Equinor ASA ADR (NYSE: EQNR)’s stock price has plunge by 0.78relation to previous closing price of 27.03. Nevertheless, the company has seen a 1.60% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Equinor’s (EQNR) withdrawal from the tender marks a key moment in the Dutch offshore wind sector, emphasizing the need for strategic adjustments in tendering and project scale for renewable growth.
EQNR’s Market Performance
EQNR’s stock has risen by 1.60% in the past week, with a monthly rise of 10.64% and a quarterly drop of -11.62%. The volatility ratio for the week is 1.36% while the volatility levels for the last 30 days are 1.30% for Equinor ASA ADR The simple moving average for the last 20 days is 3.82% for EQNR stock, with a simple moving average of -6.76% for the last 200 days.
Analysts’ Opinion of EQNR
Many brokerage firms have already submitted their reports for EQNR stocks, with Morgan Stanley repeating the rating for EQNR by listing it as a “Equal-Weight.” The predicted price for EQNR in the upcoming period, according to Morgan Stanley is $28.50 based on the research report published on February 20, 2024 of the current year 2024.
TD Cowen gave a rating of “Market Perform” to EQNR, setting the target price at $28 in the report published on January 10th of the current year.
EQNR Trading at 3.07% from the 50-Day Moving Average
After a stumble in the market that brought EQNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.22% of loss for the given period.
Volatility was left at 1.30%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares surge +8.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.39% lower at present.
During the last 5 trading sessions, EQNR rose by +1.60%, which changed the moving average for the period of 200-days by -9.59% in comparison to the 20-day moving average, which settled at $26.34. In addition, Equinor ASA ADR saw -11.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EQNR
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.42 for the gross margin
The net margin for Equinor ASA ADR stands at 0.11. The total capital return value is set at 0.33. Equity return is now at value 23.20, with 7.88 for asset returns.
Based on Equinor ASA ADR (EQNR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.84. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 21.59.
Currently, EBITDA for the company is 46.08 billion with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 6.31for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In conclusion, Equinor ASA ADR (EQNR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
