National Grid Plc ADR (NYSE: NGG) is -2.42% 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 $58.60 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $57.98, the stock is -1.82% and -6.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing -1.06% at the moment leaves the stock -8.17% off its SMA200. NGG registered -10.79% loss for a year compared to 6-month loss of -5.63%. The firm has a 50-day simple moving average (SMA 50) of $61.6906 and a 200-day simple moving average (SMA200) of $64.0929.
The stock witnessed a -5.39% gain in the last 1 month and extending the period to 3 months gives it a -12.02%, and is -2.42% 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 1.10% over the week and 1.15% over the month.
National Grid Plc ADR (NGG) has around 31425 employees, a market worth around $56.66B and $24.44B in sales. Current P/E ratio is 21.38 and Fwd P/E is 12.08. Profit margin for the company is 9.35%. Distance from 52-week low is 8.23% and -18.83% 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 -6.45% this year
547.0 institutions hold shares in National Grid Plc ADR (NGG), with institutional investors hold 4.62% of the company’s shares. The shares outstanding are 977.23M, and float is at 977.15M with Short Float at 0.10%. Institutions hold 4.61% 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.
