Equinor ASA ADR (NYSE: EQNR) is -19.27% lower on its value in year-to-date trading and has touched a low of $23.84 and a high of $32.38 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 $24.15 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $24.33, the stock is -3.79% and -5.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing 0.75% at the moment leaves the stock -8.23% off its SMA200. EQNR registered -24.59% loss for a year compared to 6-month loss of -8.06%. The firm has a 50-day simple moving average (SMA 50) of $25.814 and a 200-day simple moving average (SMA200) of $27.0171.
The stock witnessed a -2.13% gain in the last 1 month and extending the period to 3 months gives it a -5.88%, and is -5.18% 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 1.59% over the week and 1.71% over the month.
Equinor ASA ADR (EQNR) has around 23449 employees, a market worth around $66.53B and $105.32B in sales. Current P/E ratio is 7.43 and Fwd P/E is 7.73. Profit margin for the company is 9.14%. Distance from 52-week low is 2.06% and -24.86% from its 52-week high. The company has generated returns on investments over the last 12 months (14.42%).
with sales reaching $24.98B over the same period.The EPS is expected to shrink by -3.37% this year, but quarterly earnings will post -15.70% year-over-year. Quarterly sales are estimated to shrink -4.00% in year-over-year returns.
Equinor ASA ADR (EQNR) Top Institutional Holders
The shares outstanding are 2.94B, and float is at 2.73B with Short Float at 0.42%.
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.
Equinor ASA ADR (EQNR) Insider Activity
#####
