Nordstrom, Inc (NYSE:JWN) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $24.15.
Actively observing the price movement in the recent trading, the stock is buoying the session at $24.15, falling within a range of $24.12 and $24.18. The value of beta (5-year monthly) is 2.598 whereas the PE ratio is 15.39 over 12-month period. Referring to stock’s 52-week performance, its high was $24.99, and the low was $16.63. On the whole, JWN has fluctuated by 4.18% over the past month.
With the market capitalization of Nordstrom, Inc currently standing at about $3.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.76, with its dividend yield at 3.15%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.86B, with a low estimate of 4.09B and a high estimate of 4.33B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.2B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JWN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about N/A, with the price of JWN currently trading nearly 2.21% and 3.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.07, while the 7-day volatility ratio is showing 0.50% which for the 30-day chart, stands at 2.54%. Furthermore, Nordstrom, Inc (JWN)’s beta value is 2.52, and its average true range (ATR) is 0.56.
A comparison of Nordstrom, Inc (JWN) with its peers suggests the former has fared considerably weaker in the market. JWN showed an intraday change of 0.00% in today’s session so far, and over the past year, it grew by 42.90%%.
Data on historical trading for Nordstrom, Inc (NYSE:JWN) indicates that the trading volumes over the past 10 days have averaged 3.99 and over the past 3 months, they’ve averaged 2.37 million. According to company’s latest data on outstanding shares, there are 164.90 million shares outstanding.
Nearly 42.43% of Nordstrom, Inc’s shares belong to company insiders and institutional investors own 49.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.72 million shares as on 2024-11-15, resulting in a short ratio of 5.87. According to the data, the short interest in Nordstrom, Inc (JWN) stood at 812.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 11.28 million. This could raise investors’ confidence to be optimistic about the JWN stock heading into the next quarter.
