Nomad Foods Limited (NYSE: NOMD) is 22.41% higher on its value in year-to-date trading and has touched a low of $15.43 and a high of $20.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOMD stock was last observed hovering at around $20.29 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $20.54, the stock is 10.78% and 17.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 1.23% at the moment leaves the stock 15.43% off its SMA200. NOMD registered 5.33% gain for a year compared to 6-month loss of 9.26%.
The stock witnessed a 15.52% gain in the last 1 month and extending the period to 3 months gives it a 12.18%, and is 9.37% 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 3.28% over the week and 2.83% over the month.
Nomad Foods Limited (NOMD) has around 7788 employees, a market worth around $3.15B and $3.35B in sales. Current P/E ratio is 13.51 and Fwd P/E is 9.73. Profit margin for the company is 7.33%. Distance from 52-week low is 33.12% and -0.63% from its 52-week high. The company has generated returns on investments over the last 12 months (4.93%).
with sales reaching $769.39M over the same period.The EPS is expected to grow by 7.08% this year, but quarterly earnings will post 2.04% year-over-year. Quarterly sales are estimated to shrink -1.83% in year-over-year returns.
The shares outstanding are 156.09M, and float is at 134.04M with Short Float at 2.08%.
The top institutional shareholder in the company is FMR LLC with over 16.27 million shares valued at $268.08 million. The investor’s holdings represent 9.9677 of the NOMD Shares outstanding. As of 2024-06-30, the second largest holder is BOSTON PARTNERS with 9.82 million shares valued at $162.11 million to account for 5.958 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 7.37 million shares representing 4.5159 and valued at over $121.46 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 4.2897 of the shares totaling 7.07 million with a market value of $116.56 million.
Nomad Foods Limited (NOMD): Who are the competitors?
One of the company’s main competitors (and peers) include Kraft Heinz Co. (KHC) that is trading -12.33% down over the past 12 months.Nomad Foods Ltd. (NOMD) lies in the list of competitors of the Nomad Foods Limited and is 3.16% higher over the same period from NOMD
