Equinor ASA ADR (NYSE:EQNR) shares, rose in value on Thursday, December 12, with the stock price down by -2.35% to the previous day’s close as strong demand from buyers drove the stock to $23.28.
Actively observing the price movement in the last trading, the stock closed the session at $23.84, falling within a range of $23.25 and $23.54. The value of beta (5-year monthly) was 0.267 whereas the PE ratio was 7.14 over 12-month period. Referring to stock’s 52-week performance, its high was $30.66, and the low was $21.83. On the whole, EQNR has fluctuated by 4.89% over the past month.
With the market capitalization of Equinor ASA ADR currently standing at about $63.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.35, with its dividend yield at 5.80%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 102.04B, 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 26.09B.
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 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.14, with the price of EQNR currently trading nearly -3.00% and -3.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.41, while the 7-day volatility ratio is showing 1.79% which for the 30-day chart, stands at 1.69%. Furthermore, Equinor ASA ADR (EQNR)’s beta value is 0.83, and its average true range (ATR) is 0.58.
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 -2.35% in last session, and over the past year, it shrunk by -17.70%%.
Data on historical trading for Equinor ASA ADR (NYSE:EQNR) indicates that the trading volumes over the past 10 days have averaged 2.45 and over the past 3 months, they’ve averaged 3.93 million. According to company’s latest data on outstanding shares, there are 2.73 billion shares outstanding.
Nearly 0.01% 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 14.37 million shares as on 2024-11-29, resulting in a short ratio of 3.03. According to the data, the short interest in Equinor ASA ADR (EQNR) stood at 199.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 10.76 million. The stock has fallen by -21.62% 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.
