Equinor ASA ADR (NYSE:EQNR) shares, rose in value on Thursday, November 21, with the stock price up by 2.20% to the previous day’s close as strong demand from buyers drove the stock to $25.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $24.55, falling within a range of $24.9 and $25.16. The value of beta (5-year monthly) is 0.267 whereas the PE ratio is 7.69 over 12-month period. Referring to stock’s 52-week performance, its high was $31.20, and the low was $21.83. On the whole, EQNR has fluctuated by 5.16% over the past month.
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With the market capitalization of Equinor ASA ADR currently standing at about $68.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.32, with its dividend yield at 5.28%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 101.92B, with a low estimate of 22B and a high estimate of 28.71B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 25.62B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EQNR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.54, with the price of EQNR currently trading nearly 7.02% and 3.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.16, while the 7-day volatility ratio is showing 1.79% which for the 30-day chart, stands at 1.74%. Furthermore, Equinor ASA ADR (EQNR)’s beta value is 0.84, and its average true range (ATR) is 0.62.
A comparison of Equinor ASA ADR (EQNR) with its peers suggests the former has fared considerably weaker in the market. EQNR showed an intraday change of 2.20% in today’s session so far, and over the past year, it shrunk by -17.99%%.
Data on historical trading for Equinor ASA ADR (NYSE:EQNR) indicates that the trading volumes over the past 10 days have averaged 5.01 and over the past 3 months, they’ve averaged 3.93 million. According to company’s latest data on outstanding shares, there are 2.94 billion shares outstanding.
Nearly 0.00% of Equinor ASA ADR’s shares belong to company insiders and institutional investors own 2.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.76 million shares as on 2024-10-31, resulting in a short ratio of 2.79. According to the data, the short interest in Equinor ASA ADR (EQNR) stood at 147.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 11.55 million. The stock has fallen by -15.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EQNR stock heading into the next quarter.
