The stock price of Equinor ASA ADR (NYSE: EQNR) has dropped by -0.50 compared to previous close of 28.14. Despite this, the company has seen a gain of 2.79% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that Equinor’s (EQNR) electrification efforts are reshaping the future of offshore energy, thereby reducing carbon emissions and paving the way for a greener tomorrow.
Is It Worth Investing in Equinor ASA ADR (NYSE: EQNR) Right Now?
The price-to-earnings ratio for Equinor ASA ADR (NYSE: EQNR) is above average at 7.17x. The 36-month beta value for EQNR is also noteworthy at 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 at present, short sellers hold a 0.38% of that float. The average trading volume of EQNR on April 09, 2024 was 3.70M shares.
EQNR’s Market Performance
The stock of Equinor ASA ADR (EQNR) has seen a 2.79% increase in the past week, with a 8.28% rise in the past month, and a -10.48% fall in the past quarter. The volatility ratio for the week is 1.35%, and the volatility levels for the past 30 days are at 1.31% for EQNR. The simple moving average for the past 20 days is 4.36% for EQNR’s stock, with a -4.11% simple moving average for the past 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 5.90% 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 -15.94% of loss for the given period.
Volatility was left at 1.31%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +6.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.95% lower at present.
During the last 5 trading sessions, EQNR rose by +2.79%, which changed the moving average for the period of 200-days by -6.88% in comparison to the 20-day moving average, which settled at $26.92. In addition, Equinor ASA ADR saw -9.38% 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 0.98. 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 summary, Equinor ASA ADR (EQNR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
