Things appear to be looking up for Novo Nordisk ADR (NVO)

Novo Nordisk ADR (NYSE: NVO) is -17.83% lower on its value in year-to-date trading and has touched a low of $99.42 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 $103.44 in the last trading session, with the day’s loss setting it -18.44%.

Currently trading at $85.00, the stock is -20.30% and -22.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 53.46 million and changing -17.83% at the moment leaves the stock -32.67% off its SMA200. NVO registered -16.10% loss for a year compared to 6-month loss of -40.26%. The firm has a 50-day simple moving average (SMA 50) of $109.2774 and a 200-day simple moving average (SMA200) of $126.24815.

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The stock witnessed a -19.26% gain in the last 1 month and extending the period to 3 months gives it a -31.29%, and is -20.52% 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 2.91% over the week and 2.10% over the month.

Novo Nordisk ADR (NVO) has around 63370 employees, a market worth around $283.77B and $39.33B in sales. Current P/E ratio is 27.56 and Fwd P/E is 21.23. Profit margin for the company is 35.03%. Distance from 52-week low is -14.50% and -42.63% from its 52-week high. The company has generated returns on investments over the last 12 months (53.52%).

with sales reaching $81.11B over the same period.The EPS is expected to grow by 19.13% this year, but quarterly earnings will post 23.48% year-over-year. Quarterly sales are estimated to grow 23.14% in year-over-year returns.

Novo Nordisk ADR (NVO) Top Institutional Holders

The shares outstanding are 3.34B, and float is at 3.34B with Short Float at 0.17%.

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.