At the last check on Thursday, nVent Electric plc’s (NYSE:NVT) stock was up $1.81, moving up 4.42 percent to $42.77. The average number of shares traded per day over the past five days has been 858,825 shares. 2 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 911,801, while in the previous 50 days, it was 991,802.
Since last month, NVT stock rose 0.33%. Shares of the company fell to $40.19 on 04/28/23, the lowest level in the past month. A 52-week high of $46.66 was reached on 03/08/23 after having rallying from a 52-week low of $29.19. Since the beginning of this year, NVT’s stock price has risen by 11.18% or $4.25, and marked a new high 18 times. However, the stock has declined by -8.34% since its 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 3 days ago on May 22. Scheu Greg, the Director of the company, purchased of 4,700 shares for $43.23 on May 22. It resulted in a $203,191 investment by the insider. Ruzynski Joseph A. sold 3,200 shares at an average price of $43.41 on May 22. The insider now owns 36,022 shares following the transaction. On Apr 03, Director BURRIS JERRY W sold 2,260 shares at $45.00 apiece. The transaction was valued at $101,700.
Right now, nVent Electric plc (NVT) has a P/E ratio of about 16.19. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 2.43, and the price-to-cash flow ratio of 23.62 may also be considered.
The latest dividend of $0.1750 per share was paid out, remained unchanged from last year’s $0.1750.
In the three months ended December 30, nVent Electric plc’s quick ratio stood at 1.50, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.38, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 39.00% percent. In the year ended December 30, EBITDA margin amounted to 19.28%, whereas operating margins totaled 16.10%. Based on annual data, NVT earned $1.1 billion in gross profit and brought in $2.91 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.60%. Return on equity (ROE) for the past 12 months was 15.80%.
In nVent Electric plc’s quarter-end financial report for December 30, it reported total debt of $1.06 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NVT’s revenue rose 6.2% to $741.6 million during the quarter, while net income inched up to $740.6 million. While analysts expected nVent Electric plc to report $0.58 quarterly earnings, the actual figure was $0.66 per share, beating the consensus estimate by 13.80%. During the quarter, the company generated $152.8 million in EBITDA. The liabilities of nVent Electric plc were 2.13 billion at the end of its most recent quarter ended December 30, and its total debt was $1.17 billion. The value of shareholders’ equity is $165.67 million.
This quick technical analysis looks at nVent Electric plc’s (NVT) price momentum. With a historical volatility rate of 36.91%, the RSI 9-day stood at 56.05% on 24 May.
With respect to its five-day moving average, the current nVent Electric plc price is up by +0.71% percent or $0.30. At present, NVT shares trade -2.47% below its 20-day simple moving average and +11.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.97% above its SMA50 and +23.90% above its SMA200.
Stochastic coefficient K was 41.78% and Stochastic coefficient D was 48.67%, while ATR was 1.32. Given the Stochastic reading of 66.13% for the 14-day period, the RSI (14) reading has been calculated as 53.40%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at 0.11.
nVent Electric plc (NVT) has been rated Overweight by analysts. According to 0 brokerage firms, NVT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate nVent Electric plc stock as buy, with 4 recommending it as overweight.
With a median target price of $54.00, the current consensus forecast for the stock is $51.00 – $55.00. Based on these forecasts, analysts predict nVent Electric plc (NVT) will achieve an average price target of $53.60.