National Grid Plc ADR (NYSE: NGG) is -0.45% 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 $57.60 in the last trading session, with the day’s gains setting it 1.55%.
Currently trading at $59.15, the stock is 1.30% and -2.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing 2.69% at the moment leaves the stock -6.07% off its SMA200. NGG registered -7.51% loss for a year compared to 6-month loss of -4.26%. The firm has a 50-day simple moving average (SMA 50) of $60.9214 and a 200-day simple moving average (SMA200) of $63.82575.
The stock witnessed a -0.80% gain in the last 1 month and extending the period to 3 months gives it a -11.93%, and is 2.02% 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 1.61% over the week and 1.28% over the month.
National Grid Plc ADR (NGG) has around 31425 employees, a market worth around $57.87B and $24.44B in sales. Current P/E ratio is 21.81 and Fwd P/E is 12.34. Profit margin for the company is 9.35%. Distance from 52-week low is 10.42% and -17.19% 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 -6.57% this year, but quarterly earnings will post -0.60% year-over-year.
546.0 institutions hold shares in National Grid Plc ADR (NGG), with institutional investors hold 4.62% of the company’s shares. The shares outstanding are 978.44M, and float is at 978.36M with Short Float at 0.03%. Institutions hold 4.62% 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.
