The stock price of Novo Nordisk ADR (NYSE: NVO) has plunged by -0.47 when compared to previous closing price of 113.92, but the company has seen a -3.99% decline in its stock price over the last five trading sessions. fool.com reported 2024-10-26 that Novo Nordisk just released data from a clinical trial featuring its oral semaglutide treatment, Rybelsus.
Is It Worth Investing in Novo Nordisk ADR (NYSE: NVO) Right Now?
The price-to-earnings ratio for Novo Nordisk ADR (NYSE: NVO) is above average at 38.92x, Company’s 36-month beta value is 0.42.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NVO is 3.34B, and currently, short sellers hold a 0.19% ratio of that floaft. The average trading volume of NVO on October 28, 2024 was 3.98M shares.
NVO’s Market Performance
NVO’s stock has seen a -3.99% decrease for the week, with a -8.79% drop in the past month and a -11.46% fall in the past quarter. The volatility ratio for the week is 1.20%, and the volatility levels for the past 30 days are at 1.21% for Novo Nordisk ADR The simple moving average for the last 20 days is -3.18% for NVO stock, with a simple moving average of -11.51% for the last 200 days.
Analysts’ Opinion of NVO
Many brokerage firms have already submitted their reports for NVO stocks, with Goldman repeating the rating for NVO by listing it as a “Buy.” The predicted price for NVO in the upcoming period, according to Goldman is $156 based on the research report published on May 30, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see NVO reach a price target of $163. The rating they have provided for NVO stocks is “Outperform” according to the report published on April 12th, 2024.
Morgan Stanley gave a rating of “Overweight” to NVO, setting the target price at $120 in the report published on January 23rd of the current year.
NVO Trading at -10.39% from the 50-Day Moving Average
After a stumble in the market that brought NVO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.47% of loss for the given period.
Volatility was left at 1.21%, however, over the last 30 days, the volatility rate increased by 1.20%, as shares sank -6.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.58% lower at present.
During the last 5 trading sessions, NVO fell by -3.99%, which changed the moving average for the period of 200-days by +4.33% in comparison to the 20-day moving average, which settled at $117.10. In addition, Novo Nordisk ADR saw 9.60% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NVO
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.85 for the gross margin
The net margin for Novo Nordisk ADR stands at 0.35. The total capital return value is set at 0.62. Equity return is now at value 88.62, with 27.68 for asset returns.
Based on Novo Nordisk ADR (NVO), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 2.02. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 30.14.
Currently, EBITDA for the company is 112.94 billion with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 13.51. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In a nutshell, Novo Nordisk ADR (NVO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
