nVent Electric plc (NYSE:NVT) finished Friday with an addition of $0.28 to close at $38.47, an upside of 0.73 percent. An average of 521,540 shares of common stock have been traded in the last five days. There was a gain of $0.49 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 935,520 shares traded, while the 50-day average volume stands at 931,254.
NVT stock has decreased by -3.85% in the last month. The company shares reached their 1-month lowest point of $36.70 on 12/16/22. With the stock rallying to its 52-week high on 12/01/22, shares of the company touched a low of $29.19 and a high of $40.52 in 52 weeks. It has reached a new high 7 times so far this year and achieved 1.24% or $0.47 in price. In spite of this, the price is down -5.06% from the 52-week high.
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NVT stock investors should be aware that nVent Electric plc (NVT) stock had its last reported insider trading activity 39 days ago on Nov 22. In this transaction, the insider spent $1,518,362. Director, HOGAN RANDALL J, disposed of 97,388 shares at a price of $39.13 on Nov 21. The insider now owns more than $3,810,929 worth of shares. Prior to that, President of Enclosures Ruzynski Joseph A. went on to Sale 2,800 shares at $39.22 each on Nov 14. An amount of $109,813 was transacted.
nVent Electric plc (NVT) has a trailing price-to-earnings (P/E) ratio of 21.06. The stock’s beta is 1.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.25, the price-to-book (PB) ratio at 2.42, and the price-to-cash flow ratio at 41.68.
The quick ratio of nVent Electric plc for the three months ended September 29 was 1.30, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.40 and a total debt to equity ratio of 0.41 for the quarter ending September 29. Its gross profit as reported stood at $941.9 million compared to revenue of $2.46 billion.
For the three-month period that ended September 29, nVent Electric plc had $1.07 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $93.4 million in the quarter, while revenues of $79.9 million were grew 20.45%. The analyst consensus anticipated nVent Electric plc’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.66, a 11.90% surprise. For the quarter, EBITDA amounted to $149.3 million. Shareholders own equity worth $166.59 million.
From a technical analysis perspective, let’s take a brief look at nVent Electric plc (NVT) price momentum. RSI 9-day as of the close on 30 December was 51.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.77%.
As of today, NVT’s price is $38.20 +1.29% or $0.49 from its 5-day moving average. NVT is currently trading -4.33% lower than its 20-day SMA and +11.57% higher than its 100-day SMA. However, the stock’s current price level is +16.75% above the SMA50 and +9.45% above the SMA200.
The stochastic %K and %D were 40.64% and 40.04%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 49.72% and the average true range at 0.85, the RSI (14) stands at 51.44%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
KeyBanc Capital Markets downgraded nVent Electric plc (NYSE: NVT) to a a Sector weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for nVent Electric plc (NVT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NVT, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is NVT’s price target for the next 12 months?
Analysts predict a range of price targets between $37.00 and $49.00, with a median target of $43.00. Taking a look at these predictions, the average price target given by analysts for nVent Electric plc (NVT) stock is $43.00.