The stock of Nomad Foods Limited (NOMD) has seen a -4.31% decrease in the past week, with a -2.48% drop in the past month, and a 8.58% flourish in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 1.89% for NOMD. The simple moving average for the past 20 days is -3.76% for NOMD’s stock, with a 10.16% simple moving average for the past 200 days.
Is It Worth Investing in Nomad Foods Limited (NYSE: NOMD) Right Now?
Nomad Foods Limited (NYSE: NOMD) has a price-to-earnings ratio that is above its average at 15.46x. The stock has a 36-month beta value of 0.75. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NOMD is 134.92M, and at present, short sellers hold a 1.82% of that float. On April 05, 2024, the average trading volume of NOMD was 679.49K shares.
NOMD) stock’s latest price update
The stock of Nomad Foods Limited (NYSE: NOMD) has decreased by -0.21 when compared to last closing price of 18.89.Despite this, the company has seen a loss of -4.31% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-02 that Nomad Foods reports better-than-expected Q4 and full-year 2023 results, with revenue and EBITDA increasing. The company’s focus on generating strong free cash flow results in lower debt and interest expenses. Nomad Foods expects revenue and adjusted EBITDA to increase in 2024, making it an appealing investment option.
Analysts’ Opinion of NOMD
Many brokerage firms have already submitted their reports for NOMD stocks, with Goldman repeating the rating for NOMD by listing it as a “Buy.” The predicted price for NOMD in the upcoming period, according to Goldman is $21 based on the research report published on February 27, 2023 of the previous year 2023.
Credit Suisse, on the other hand, stated in their research note that they expect to see NOMD reach a price target of $20, previously predicting the price at $25. The rating they have provided for NOMD stocks is “Neutral” according to the report published on January 05th, 2023.
UBS gave a rating of “Buy” to NOMD, setting the target price at $26 in the report published on March 30th of the previous year.
NOMD Trading at 1.01% 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 -5.99% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.65% upper at present.
During the last 5 trading sessions, NOMD fell by -4.31%, which changed the moving average for the period of 200-days by +4.55% in comparison to the 20-day moving average, which settled at $19.53. In addition, Nomad Foods Limited saw 11.21% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NOMD
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.28 for the gross margin
The net margin for Nomad Foods Limited stands at 0.06. The total capital return value is set at 0.07. Equity return is now at value 7.40, with 3.02 for asset returns.
Based on Nomad Foods Limited (NOMD), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 2.59.
Currently, EBITDA for the company is 511.4 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The receivables turnover for the company is 9.94for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
To sum up, Nomad Foods Limited (NOMD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
