The price-to-earnings ratio for Nomad Foods Limited (NYSE: NOMD) is above average at 14.79x. The 36-month beta value for NOMD is also noteworthy at 0.76. There are mixed opinions on the stock, with 6 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 NOMD is 133.24M, and at present, short sellers hold a 1.88% of that float. The average trading volume of NOMD on May 02, 2024 was 654.57K shares.
NOMD) stock’s latest price update
The stock price of Nomad Foods Limited (NYSE: NOMD) has dropped by -0.17 compared to previous close of 18.06. Despite this, the company has seen a fall of -4.15% in its stock price over the last five trading days. PRNewsWire reported 2024-04-26 that WOKING, England, April 26, 2024 /PRNewswire/ — Nomad Foods Limited (NYSE: NOMD), today announced it will report results for the first quarter ended March 31, 2024 before New York Stock Exchange market open on Thursday, May 9, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.
NOMD’s Market Performance
NOMD’s stock has fallen by -4.15% in the past week, with a monthly drop of -5.16% and a quarterly rise of 0.22%. The volatility ratio for the week is 1.93% while the volatility levels for the last 30 days are 1.86% for Nomad Foods Limited The simple moving average for the last 20 days is -3.10% for NOMD’s stock, with a simple moving average of 4.71% for the last 200 days.
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 -5.21% 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 -10.07% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -4.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.55% lower at present.
During the last 5 trading sessions, NOMD fell by -4.15%, which changed the moving average for the period of 200-days by -0.72% in comparison to the 20-day moving average, which settled at $18.56. In addition, Nomad Foods Limited saw 6.37% 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 1.47. 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
In summary, Nomad Foods Limited (NOMD) has had a mixed performance as of late. Analysts have bullish 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.
