The stock of Nomad Foods Limited (NOMD) has gone down by -6.02% for the week, with a -7.51% drop in the past month and a -9.87% drop in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are 2.16% for NOMD. The simple moving average for the last 20 days is -6.94% for NOMD’s stock, with a simple moving average of -10.87% for the last 200 days.
Is It Worth Investing in Nomad Foods Limited (NYSE: NOMD) Right Now?
Nomad Foods Limited (NYSE: NOMD) has a price-to-earnings ratio of 12.00x that is above its average ratio. Additionally, the 36-month beta value for NOMD is 0.75. 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.”
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The public float for NOMD is 133.90M and currently, short sellers hold a 1.27% ratio of that float. The average trading volume of NOMD on November 14, 2024 was 480.56K shares.
NOMD) stock’s latest price update
Nomad Foods Limited (NYSE: NOMD)’s stock price has gone decline by -1.52 in comparison to its previous close of 16.50, however, the company has experienced a -6.02% decrease in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Nomad Foods (NOMD) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 -10.91% 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 -18.95% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -9.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.15% lower at present.
During the last 5 trading sessions, NOMD fell by -6.02%, which changed the moving average for the period of 200-days by -9.67% in comparison to the 20-day moving average, which settled at $17.46. In addition, Nomad Foods Limited saw -4.13% in overturn over a single year, with a tendency to cut further losses.
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 0.07. The total capital return value is set at 0.07. Equity return is now at value 7.83, with 3.24 for asset returns.
Based on Nomad Foods Limited (NOMD), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 2.61.
Currently, EBITDA for the company is 480.5 million with net debt to EBITDA at 3.66. When we switch over and look at the enterprise to sales, we see a ratio of 1.42. The receivables turnover for the company is 7.86for 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 1.17.
Conclusion
In conclusion, Nomad Foods Limited (NOMD) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
