Equinor ASA (EQNR) Is Worth Looking Despite A Loss Of -4.85% From High – Stocks Register
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Equinor ASA (EQNR) Is Worth Looking Despite A Loss Of -4.85% From High

Equinor ASA (NYSE:EQNR) price on Wednesday, October 06, fall -3.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.96.

A look at the stock’s price movement, the close in the last trading session was $26.83, moving within a range at $26.555 and $27.22. The beta value (5-Year monthly) was 0.88. Turning to its 52-week performance, $27.22 and $12.11 were the 52-week high and 52-week low respectively. Overall, EQNR moved 12.92% over the past month.


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Equinor ASA’s market cap currently stands at around $81.60 billion. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 2.31%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EQNR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend EQNR as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

EQNR’s current price about 7.22% and 17.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.50, while 7-day volatility ratio is 2.25% and 1.64% in the 30-day chart. Further, Equinor ASA (EQNR) has a beta value of 1.13, and an average true range (ATR) of 0.71. Analysts have given the company’s stock an average 52-week price target of $31.44, forecast between a low of $29.31 and high of $34.00. Looking at the price targets, the low is -12.9% off current price level while to achieve the yearly target high, price needs to move -30.97%. Nonetheless, investors will most likely welcome a -19.41% jump to $31.00 which is the analysts’ median price.

In the market, a comparison of Equinor ASA (EQNR) and its peers suggest the former has performed considerably weaker. Data shows EQNR’s intraday price has changed -3.24% in last session and 81.67% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.41% and 0.30% respectively in the last trading.

If we refocus on Equinor ASA (NYSE:EQNR), historical trading data shows that trading volumes averaged 3.25 million over the past 10 days and 2.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.25 billion shares.

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The 67.30% of Equinor ASA’s shares are in the hands of company insiders while institutional holders own 5.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.26 million on Aug 12, 2021, giving us a short ratio of 3.75. The data shows that as of Aug 12, 2021 short interest in Equinor ASA (EQNR) stood at 0.25% of shares outstanding, with shares short rising to 7.41 million registered in Jul 14, 2021. Current price change has pushed the stock 58.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EQNR stock continues to rise going into the next quarter.

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