Are we looking at the next big move in Novo Nordisk ADR (NVO)?

Novo Nordisk ADR (NYSE: NVO) is 51.74% higher on its value in year-to-date trading and has touched a low of $65.05 and a high of $105.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NVO stock was last observed hovering at around $102.71 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $102.68, the stock is 2.97% and 3.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing -0.03% at the moment leaves the stock 16.58% off its SMA200. NVO registered 53.69% gain for a year compared to 6-month gain of 31.66%. The firm has a 50-day simple moving average (SMA 50) of $2.12 and a 200-day simple moving average (SMA200) of $4.71.

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The stock witnessed a -2.63% loss in the last 1 month and extending the period to 3 months gives it a 11.86%, and is 3.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.08% over the week and 1.39% over the month.

Novo Nordisk ADR (NVO) has around 54393 employees, a market worth around $347.63B and $30.79B in sales. Current P/E ratio is 42.67 and Fwd P/E is 32.00. Profit margin for the company is 35.20%. Distance from 52-week low is 57.85% and -2.85% from its 52-week high. The company has generated returns on investments over the last 12 months (67.61%).

Novo Nordisk ADR is expected to release its quarterly report on 01/31/2024.The EPS is expected to grow by 47.57% this year.

Novo Nordisk ADR (NVO) Top Institutional Holders

The shares outstanding are 3.42B, and float is at 3.39B with Short Float at 0.17%.

Novo Nordisk ADR (NVO): Who are the competitors?

The company’s main competitors (and peers) include Eli Lilly & Co. (LLY) that is trading 55.12% up over the past 12 months. Sanofi ADR (SNY) that is 1.15% higher over the same period.