National Grid Plc ADR (NYSE: NGG) is -1.23% lower on its value in year-to-date trading and has touched a low of $53.57 and a high of $71.43 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 NGG stock was last observed hovering at around $63.27 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $63.10, the stock is -1.31% and -5.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -0.27% at the moment leaves the stock -0.63% off its SMA200. NGG registered 2.38% gain for a year compared to 6-month gain of 8.80%. The firm has a 50-day simple moving average (SMA 50) of $66.5672 and a 200-day simple moving average (SMA200) of $65.0933.
The stock witnessed a -5.03% loss in the last 1 month and extending the period to 3 months gives it a -5.27%, and is 1.17% 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 0.94% over the week and 1.14% over the month.
National Grid Plc ADR (NGG) has around 31425 employees, a market worth around $61.66B and $24.44B in sales. Current P/E ratio is 23.26 and Fwd P/E is 13.00. Profit margin for the company is 9.35%. Distance from 52-week low is 17.79% and -11.66% from its 52-week high. The company has generated returns on investments over the last 12 months (2.18%).
The EPS is expected to shrink by -5.22% this year
549.0 institutions hold shares in National Grid Plc ADR (NGG), with institutional investors hold 4.61% of the company’s shares. The shares outstanding are 977.21M, and float is at 976.98M with Short Float at 0.05%. Institutions hold 4.60% of the Float.
The top institutional shareholder in the company is BANK OF AMERICA CORP /DE/ with over 3.5 million shares valued at $198.76 million. The investor’s holdings represent 0.0948 of the NGG Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 3.07 million shares valued at $174.14 million to account for 0.083 of the shares outstanding. The other top investors are FEDERATED HERMES, INC. which holds 2.31 million shares representing 0.0626 and valued at over $131.2 million, while FMR LLC holds 0.0609 of the shares totaling 2.25 million with a market value of $127.81 million.
