The price-to-earnings ratio for nVent Electric plc (NYSE: NVT) is 21.52x, which is above its average ratio. Moreover, the 36-month beta value for NVT is 1.34. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for NVT is 160.98M and currently, short sellers hold a 1.24% of that float. On April 18, 2024, NVT’s average trading volume was 1.28M shares.
NVT) stock’s latest price update
nVent Electric plc (NYSE: NVT)’s stock price has plunge by -0.83relation to previous closing price of 73.15. Nevertheless, the company has seen a -2.54% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that nVent (NVT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
NVT’s Market Performance
nVent Electric plc (NVT) has seen a -2.54% fall in stock performance for the week, with a 2.69% gain in the past month and a 30.05% surge in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 2.38% for NVT. The simple moving average for the last 20 days is -3.01% for NVT stock, with a simple moving average of 24.94% for the last 200 days.
Analysts’ Opinion of NVT
Many brokerage firms have already submitted their reports for NVT stocks, with Deutsche Bank repeating the rating for NVT by listing it as a “Buy.” The predicted price for NVT in the upcoming period, according to Deutsche Bank is $83 based on the research report published on March 11, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see NVT reach a price target of $62. The rating they have provided for NVT stocks is “Buy” according to the report published on October 03rd, 2023.
NVT Trading at 4.02% 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 -8.15% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +1.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.12% upper at present.
During the last 5 trading sessions, NVT fell by -2.54%, which changed the moving average for the period of 200-days by +40.39% in comparison to the 20-day moving average, which settled at $74.85. In addition, nVent Electric plc saw 22.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVT starting from Faulconer Michael B, who sale 10,961 shares at the price of $67.33 back on Feb 29 ’24. After this action, Faulconer Michael B now owns 33,109 shares of nVent Electric plc, valued at $738,046 using the latest closing price.
Padmanabhan Aravind, the EVP & CTO of nVent Electric plc, sale 732 shares at $66.29 during a trade that took place back on Feb 28 ’24, which means that Padmanabhan Aravind is holding 14,060 shares at $48,522 based on the most recent closing price.
Stock Fundamentals for NVT
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.41 for the gross margin
The net margin for nVent Electric plc stands at 0.17. The total capital return value is set at 0.11. Equity return is now at value 19.31, with 10.25 for asset returns.
Based on nVent Electric plc (NVT), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 7.57.
Currently, EBITDA for the company is 754.6 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 4.2. The receivables turnover for the company is 5.15for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
To wrap up, the performance of nVent Electric plc (NVT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
