Are we looking at the next big move in Equinor ASA ADR (EQNR)?

Equinor ASA ADR (NYSE: EQNR) is -16.45% lower on its value in year-to-date trading and has touched a low of $23.84 and a high of $32.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EQNR stock was last observed hovering at around $25.09 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $25.18, the stock is -3.72% and -4.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing 0.36% at the moment leaves the stock -7.14% off its SMA200. EQNR registered -18.63% loss for a year compared to 6-month gain of -1.69%.

The stock witnessed a -8.37% loss in the last 1 month and extending the period to 3 months gives it a -5.83%, and is 0.92% 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 1.95% over the week and 1.68% over the month.

Equinor ASA ADR (EQNR) has around 23449 employees, a market worth around $68.85B and $105.32B in sales. Current P/E ratio is 7.69 and Fwd P/E is 7.57. Profit margin for the company is 9.14%. Distance from 52-week low is 5.63% and -22.50% from its 52-week high. The company has generated returns on investments over the last 12 months (14.42%).

The EPS is expected to shrink by -1.78% this year.

Equinor ASA ADR (EQNR) Top Institutional Holders

The shares outstanding are 2.94B, and float is at 2.73B with Short Float at 0.50%.

The top institutional shareholder in the company is FOLKETRYGDFONDET with over 111.18 million shares valued at $3.18 billion. The investor’s holdings represent 3.7842% of the EQNR Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 15.67 million shares valued at $447.45 million to account for 0.5333 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 11.53 million shares representing 0.3924% and valued at over $329.28 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 0.2305 of the shares totaling 6.77 million with a market value of $193.38 million.