In the past week, JWN stock has gone down by -4.42%, with a monthly decline of -4.71% and a quarterly surge of 4.21%. The volatility ratio for the week is 2.70%, and the volatility levels for the last 30 days are 2.97% for Nordstrom, Inc The simple moving average for the last 20 days is -3.33% for JWN stock, with a simple moving average of 3.81% for the last 200 days.
Is It Worth Investing in Nordstrom, Inc (NYSE: JWN) Right Now?
Nordstrom, Inc (NYSE: JWN) has a price-to-earnings ratio that is above its average at 12.91x. The stock has a 36-month beta value of 2.59. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 17 as “hold,” and 5 as “sell.”
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The public float for JWN is 94.51M, and at present, short sellers hold a 12.03% of that float. On November 20, 2024, the average trading volume of JWN was 2.26M shares.
JWN) stock’s latest price update
Nordstrom, Inc (NYSE: JWN)’s stock price has plunge by -2.78relation to previous closing price of 22.67. Nevertheless, the company has seen a -4.42% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-19 that SEATTLE, Nov. 19, 2024 /PRNewswire/ — Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Lakeland, Florida in fall 2025. “We look forward to being a part of the Lakeland community and serving our customers with an amazing offering of great brands at great prices,” said Gemma Lionello, President of Nordstrom Rack.
Analysts’ Opinion of JWN
Barclays, on the other hand, stated in their research note that they expect to see JWN reach a price target of $23, previously predicting the price at $18. The rating they have provided for JWN stocks is “Equal Weight” according to the report published on September 05th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to JWN, setting the target price at $24 in the report published on August 28th of the current year.
JWN Trading at -3.13% from the 50-Day Moving Average
After a stumble in the market that brought JWN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.59% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.05% upper at present.
During the last 5 trading sessions, JWN fell by -4.08%, which changed the moving average for the period of 200-days by +18.16% in comparison to the 20-day moving average, which settled at $22.80. In addition, Nordstrom, Inc saw 19.46% 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 JWN starting from DePree Alexis, who sale 20,000 shares at the price of $23.20 back on Sep 24 ’24. After this action, DePree Alexis now owns 169,331 shares of Nordstrom, Inc, valued at $463,986 using the latest closing price.
DePree Alexis, the Officer of Nordstrom, Inc, proposed sale 20,000 shares at $23.20 during a trade that took place back on Sep 24 ’24, which means that DePree Alexis is holding shares at $463,985 based on the most recent closing price.
Stock Fundamentals for JWN
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.37 for the gross margin
The net margin for Nordstrom, Inc stands at 0.02. The total capital return value is set at -0.13. Equity return is now at value 35.02, with 3.26 for asset returns.
Based on Nordstrom, Inc (JWN), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 3.02. The interest coverage ratio of the stock is -6.49.
Currently, EBITDA for the company is 1.05 billion with net debt to EBITDA at 2.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 54.04for trailing twelve months and the total asset turnover is 1.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To sum up, Nordstrom, Inc (JWN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” 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.
