Nomad Foods Limited (NYSE:NOMD) finished Friday with an addition of $0.43 to close at $28.23, an upside of 1.55 percent. An average of 624,160 shares of common stock have been traded in the last five days. There was a gain of $0.88 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 584,940 shares traded, while the 50-day average volume stands at 590,422.
NOMD stock has increased by 0.57% in the last month. The company shares reached their 1-month lowest point of $26.94 on 10/20/21. With the stock rallying to its 52-week high on 06/04/21, shares of the company touched a low of $22.44 and a high of $31.85 in 52 weeks. It has reached a new high 25 times so far this year and achieved 11.05% or $2.81 in price. In spite of this, the price is down -11.37% from the 52-week high.
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Nomad Foods Limited (NOMD) has a trailing price-to-earnings (P/E) ratio of 21.07, which compares with the 18.75 for the broader industry and 25.23 for the sector. In the last five years, Nomad Foods Limited’s PE ratio has ranged between 59.92 and 14.37. The stock’s beta is 0.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.71, the price-to-book (PB) ratio at 1.93, and the price-to-cash flow ratio at 17.99.
The quick ratio of Nomad Foods Limited for the three months ended June 29 was 1.00, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Nomad Foods Limited’s EBITDA margin for the year ending June 29 is 17.67%, while its operating margin for the same period stands at 14.20%. Its gross profit as reported stood at $871.0 million compared to revenue of $2.87 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nomad Foods Limited’s return on assets was 3.80%. For the broader industry, ROE averaged 12.06 over the past year.
The analyst consensus anticipated Nomad Foods Limited’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.47, a 23.70% surprise. For the quarter, EBITDA amounted to $140.96 million.
From a technical analysis perspective, let’s take a brief look at Nomad Foods Limited (NOMD) price momentum. RSI 9-day as of the close on 22 October was 60.86%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.84%.
As of today, NOMD’s price is $27.48 +3.22% or $0.88 from its 5-day moving average. NOMD is currently trading +0.61% higher than its 20-day SMA and -9.34% lower than its 100-day SMA. However, the stock’s current price level is +4.44% above the SMA50 and +12.60% above the SMA200.
The stochastic %K and %D were 42.09% and 23.42%, respectively, and the average true range (ATR) was 0.61. With the 14-day stochastic at 65.15% and the average true range at 0.60, the RSI (14) stands at 57.44%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.
The consensus rating for Nomad Foods Limited (NOMD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NOMD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is NOMD’s price target for the next 12 months?
Analysts predict a range of price targets between $28.33 and $30.99, with a median target of $30.15. Taking a look at these predictions, the average price target given by analysts for Nomad Foods Limited (NOMD) stock is $29.70.