Novo Nordisk ADR (NYSE:NVO) shares, rose in value on Friday, November 01, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $112.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $111.95, falling within a range of $111.79 and $113.02. The value of beta (5-year monthly) is 0.148 whereas the PE ratio is 38.52 over 12-month period. Referring to stock’s 52-week performance, its high was $148.15, and the low was $94.73. On the whole, NVO has fluctuated by -2.47% over the past month.
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With the market capitalization of Novo Nordisk ADR currently standing at about $374.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06. The company’s Forward Dividend Ratio is 1.45, with its dividend yield at 1.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 41.86B, with a low estimate of 10.39B and a high estimate of 10.63B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.46B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NVO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.12, with the price of NVO currently trading nearly -3.24% and -9.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.95, while the 7-day volatility ratio is showing 2.44% which for the 30-day chart, stands at 1.47%. Furthermore, Novo Nordisk ADR (NVO)’s beta value is 0.43, and its average true range (ATR) is 2.42.
A comparison of Novo Nordisk ADR (NVO) with its peers suggests the former has fared considerably weaker in the market. NVO showed an intraday change of 0.26% in today’s session so far, and over the past year, it grew by 14.91%%.
Data on historical trading for Novo Nordisk ADR (NYSE:NVO) indicates that the trading volumes over the past 10 days have averaged 5.66 and over the past 3 months, they’ve averaged 4.26 million. According to company’s latest data on outstanding shares, there are 3.38 billion shares outstanding.
Nearly 0.02% of Novo Nordisk ADR’s shares belong to company insiders and institutional investors own 10.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.36 million shares as on 2024-10-15, resulting in a short ratio of 1.37. According to the data, the short interest in Novo Nordisk ADR (NVO) stood at 20.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 5.8 million. The stock has risen by 8.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVO stock heading into the next quarter.
