Nomad Foods Limited (NYSE: NOMD) is 15.73% higher on its value in year-to-date trading and has touched a low of $15.43 and a high of $20.81 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 $19.76 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $19.42, the stock is 0.88% and 8.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -1.72% at the moment leaves the stock 8.83% off its SMA200. NOMD registered -1.47% loss for a year compared to 6-month loss of 1.89%. The firm has a 50-day simple moving average (SMA 50) of $17.8966 and a 200-day simple moving average (SMA200) of $17.8449.
The stock witnessed a 10.03% gain in the last 1 month and extending the period to 3 months gives it a 10.78%, and is -4.94% 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 2.72% over the week and 2.87% over the month.
Nomad Foods Limited (NOMD) has around 7788 employees, a market worth around $2.98B and $3.35B in sales. Current P/E ratio is 12.78 and Fwd P/E is 8.92. Profit margin for the company is 7.33%. Distance from 52-week low is 25.86% and -6.68% from its 52-week high. The company has generated returns on investments over the last 12 months (4.93%).
The EPS is expected to grow by 9.98% this year
254.0 institutions hold shares in Nomad Foods Limited (NOMD), with institutional investors hold 97.84% of the company’s shares. The shares outstanding are 156.09M, and float is at 126.17M with Short Float at 1.65%. Institutions hold 79.64% of the Float.
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.
