Nomad Foods Limited (NYSE:NOMD) shares, rose in value on Friday, May 30, with the stock price up by 0.11% to the previous day’s close as strong demand from buyers drove the stock to $17.50.
Actively observing the price movement in the last trading, the stock closed the session at $17.48. The PE ratio was 11.57 over 12-month period. Referring to stock’s 52-week performance, its high was $20.81, and the low was $15.43. On the whole, NOMD has fluctuated by -12.46% over the past month.
With the market capitalization of Nomad Foods Limited currently standing at about $2.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.64, with its dividend yield at 3.66%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOMD’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% Buy 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 1.71, with the price of NOMD currently trading nearly -4.73% and -7.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.52, while the 7-day volatility ratio is showing 0.94% which for the 30-day chart, stands at 1.42%. Furthermore, Nomad Foods Limited (NOMD)’s beta value is 0.74, and its average true range (ATR) is 0.42.
A comparison of Nomad Foods Limited (NOMD) with its peers suggests the former has fared considerably weaker in the market. NOMD showed an intraday change of 0.11% in last session, and over the past year, it shrunk by -1.91%%.
Data on historical trading for Nomad Foods Limited (NYSE:NOMD) indicates that the trading volumes over the past 3 months, they’ve averaged 886.06K. According to company’s latest data on outstanding shares, there are 153.51 million shares outstanding.
Nearly 17.51% of Nomad Foods Limited’s shares belong to company insiders and institutional investors own 76.56% of the company’s shares. The stock has risen by 4.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOMD stock heading into the next quarter.
