Novo Nordisk ADR (NYSE: NVO) is -3.52% lower on its value in year-to-date trading and has touched a low of $94.73 and a high of $148.15 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 NVO stock was last observed hovering at around $101.74 in the last trading session, with the day’s loss setting it -1.93%.
Currently trading at $99.81, the stock is -8.89% and -15.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.58 million and changing -1.90% at the moment leaves the stock -22.10% off its SMA200. NVO registered 0.28% gain for a year compared to 6-month loss of -24.90%. The firm has a 50-day simple moving average (SMA 50) of $118.5756 and a 200-day simple moving average (SMA200) of $128.19235.
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The stock witnessed a -15.48% gain in the last 1 month and extending the period to 3 months gives it a -26.51%, and is -8.51% 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 1.70% over the week and 1.85% over the month.
Novo Nordisk ADR (NVO) has around 63370 employees, a market worth around $333.21B and $39.33B in sales. Current P/E ratio is 32.36 and Fwd P/E is 24.42. Profit margin for the company is 35.03%. Distance from 52-week low is 5.36% and -32.63% from its 52-week high. The company has generated returns on investments over the last 12 months (53.52%).
The EPS is expected to grow by 21.21% this year.
Novo Nordisk ADR (NVO) Top Institutional Holders
The shares outstanding are 3.38B, and float is at 3.34B with Short Float at 0.18%.
The top institutional shareholder in the company is JENNISON ASSOCIATES LLC with over 21.22 million shares valued at $3.03 billion. The investor’s holdings represent 0.4758% of the NVO Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 19.49 million shares valued at $2.78 billion to account for 0.4371 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 14.61 million shares representing 0.3276% and valued at over $2.09 billion, while BANK OF AMERICA CORP /DE/ holds 0.3182 of the shares totaling 14.19 million with a market value of $2.03 billion.
Novo Nordisk ADR (NVO) Insider Activity
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