Nomad Foods Limited (NYSE: NOMD) has seen a rise in its stock price by 6.22 in relation to its previous close of 17.85. However, the company has experienced a 4.87% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Nomad Foods (NOMD) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago.
Is It Worth Investing in Nomad Foods Limited (NYSE: NOMD) Right Now?
The price-to-earnings ratio for Nomad Foods Limited (NYSE: NOMD) is above average at 15.56x, Company’s 36-month beta value is 0.79.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NOMD is 133.24M, and currently, short sellers hold a 1.88% ratio of that floaft. The average trading volume of NOMD on May 09, 2024 was 686.67K shares.
NOMD’s Market Performance
NOMD’s stock has seen a 4.87% increase for the week, with a 0.91% rise in the past month and a 9.29% gain in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.94% for Nomad Foods Limited The simple moving average for the past 20 days is 3.44% for NOMD’s stock, with a 10.16% simple moving average for the past 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 0.01% 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 -5.43% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +1.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.04% upper at present.
During the last 5 trading sessions, NOMD rose by +4.87%, which changed the moving average for the period of 200-days by +4.75% in comparison to the 20-day moving average, which settled at $18.34. In addition, Nomad Foods Limited saw 11.86% 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
In a nutshell, Nomad Foods Limited (NOMD) has experienced a better performance in recent times. The stock has received mixed “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.
