nVent Electric plc (NYSE: NVT) is 25.62% higher on its value in year-to-date trading and has touched a low of $40.19 and a high of $78.98 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 NVT stock was last observed hovering at around $74.17 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $74.23, the stock is -0.30% and 7.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 0.08% at the moment leaves the stock 28.36% off its SMA200. NVT registered 73.68% gain for a year compared to 6-month gain of 37.01%.
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The stock witnessed a 5.62% loss in the last 1 month and extending the period to 3 months gives it a 31.94%, and is -4.92% down 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 3.38% over the week and 2.28% over the month.
nVent Electric plc (NVT) has around 11300 employees, a market worth around $12.25B and $3.26B in sales. Current P/E ratio is 22.02 and Fwd P/E is 20.88. Profit margin for the company is 17.38%. Distance from 52-week low is 84.70% and -6.01% from its 52-week high. The company has generated returns on investments over the last 12 months (11.37%).
The EPS is expected to grow by 6.28% this year.
nVent Electric plc (NVT) Top Institutional Holders
The shares outstanding are 165.07M, and float is at 160.98M with Short Float at 1.24%.
nVent Electric plc (NVT) Insider Activity
The most recent transaction is an insider sale by Faulconer Michael B,the company’sPresident – Thermal Management. SEC filings show that Faulconer Michael B sold 10,961 shares of the company’s common stock on Feb 29 ’24 at a price of $67.33 per share for a total of $0.74 million. Following the sale, the insider now owns 33109.0 shares.
nVent Electric plc disclosed in a document filed with the SEC on Feb 28 ’24 that Padmanabhan Aravind (EVP & CTO) sold a total of 732 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $66.29 per share for $48522.0. Following the transaction, the insider now directly holds 14060.0 shares of the NVT stock.
Still, SEC filings show that on Feb 27 ’24, Padmanabhan Aravind (EVP & CTO) disposed off 3,383 shares at an average price of $66.31 for $0.22 million. The insider now directly holds 14,792 shares of nVent Electric plc (NVT).
