Novartis AG ADR (NYSE: NVS) is 15.31% higher on its value in year-to-date trading and has touched a low of $92.19 and a high of $120.92 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 NVS stock was last observed hovering at around $116.42 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $116.43, the stock is -0.75% and 1.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 0.01% at the moment leaves the stock 11.15% off its SMA200. NVS registered 20.85% gain for a year compared to 6-month gain of 22.21%. The firm has a 50-day simple moving average (SMA 50) of $114.37 and a 200-day simple moving average (SMA200) of $104.85625.
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The stock witnessed a -2.28% loss in the last 1 month and extending the period to 3 months gives it a 8.74%, and is 0.40% 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 0.72% over the week and 0.87% over the month.
Novartis AG ADR (NVS) has around 76057 employees, a market worth around $227.79B and $47.55B in sales. Current P/E ratio is 14.83 and Fwd P/E is 14.27. Profit margin for the company is 34.02%. Distance from 52-week low is 26.29% and -3.71% from its 52-week high. The company has generated returns on investments over the last 12 months (25.69%).
The EPS is expected to grow by 15.27% this year
The shares outstanding are 2.04B, and float is at 1.96B with Short Float at 0.27%.
The top institutional shareholder in the company is DODGE & COX with over 12.24 million shares valued at $1.3 billion. The investor’s holdings represent 0.5987 of the NVS Shares outstanding. As of 2024-06-30, the second largest holder is PRIMECAP MANAGEMENT CO/CA/ with 12.18 million shares valued at $1.3 billion to account for 0.5959 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 7.42 million shares representing 0.3629 and valued at over $789.58 million, while DIMENSIONAL FUND ADVISORS LP holds 0.3624 of the shares totaling 7.41 million with a market value of $788.63 million.
