National Grid Plc ADR (NYSE: NGG) has experienced a rise in its stock price by 0.47 compared to its previous closing price of 59.47. However, the company has seen a fall of -2.50% in its stock price over the last five trading days. businesswire.com reported 2024-12-02 that LONDON–(BUSINESS WIRE)– #insurance–AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to National Grid Insurance USA Ltd (NGIUSA) (United States). The outlook assigned to these Credit Ratings (ratings) is stable. NGIUSA is a captive of National Grid plc (NG), a large utility group. The ratings reflect NGIUSA’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business prof.
Is It Worth Investing in National Grid Plc ADR (NYSE: NGG) Right Now?
National Grid Plc ADR (NYSE: NGG) has a higher price-to-earnings ratio of 22.03x compared to its average ratio, The 36-month beta value for NGG is at 0.58. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NGG is 977.15M, and currently, shorts hold a 0.10% of that float. The average trading volume for NGG on December 13, 2024 was 506.35K shares.
NGG’s Market Performance
NGG stock saw a decrease of -2.50% in the past week, with a monthly decline of -3.82% and a quarterly a decrease of -14.80%. The volatility ratio for the week is 1.30%, and the volatility levels for the last 30 days are 1.02% for National Grid Plc ADR (NGG). The simple moving average for the past 20 days is -4.08% for NGG’s stock, with a -5.96% simple moving average for the past 200 days.
NGG Trading at -6.87% from the 50-Day Moving Average
After a stumble in the market that brought NGG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.35% of loss for the given period.
Volatility was left at 1.02%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares sank -4.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.81% lower at present.
During the last 5 trading sessions, NGG fell by -2.53%, which changed the moving average for the period of 200-days by -10.40% in comparison to the 20-day moving average, which settled at $62.29. In addition, National Grid Plc ADR saw -6.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NGG
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.27 for the gross margin
The net margin for National Grid Plc ADR stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 5.18, with 1.73 for asset returns.
Based on National Grid Plc ADR (NGG), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 2.75.
Currently, EBITDA for the company is 6.83 billion with net debt to EBITDA at 7.35. When we switch over and look at the enterprise to sales, we see a ratio of 4.67. The receivables turnover for the company is 9.84for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
In conclusion, National Grid Plc ADR (NGG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
