At the last check on Thursday, Novo Nordisk A/S’s (NYSE:NVO) stock was up $1.46, moving up 0.79 percent to $186.11. The average number of shares traded per day over the past five days has been 1,785,993 shares. 4 times new highs have been achieved over the past 5 days, with a $3.86 gain in that time frame. In the last twenty days, the average volume was 1,950,073, while in the previous 50 days, it was 1,509,227.
Since last month, NVO stock rose 16.15%. Shares of the company fell to $155.91 on 07/28/23, the lowest level in the past month. A 52-week high of $192.18 was reached on 08/08/23 after having rallying from a 52-week low of $95.02. Since the beginning of this year, NVO’s stock price has risen by 37.51% or $50.61, and marked a new high 28 times. However, the stock has declined by -3.16% since its 52-week high.
Valuation Metrics
Right now, Novo Nordisk A/S (NVO) has a P/E ratio of about 42.58. The stock’s beta is 0.42. Besides these, the trailing price-to-sales (P/S) ratio of 10.90, the price-to-book (PB) ratio of 31.33.
The latest dividend of $0.8836 per share was paid out, which is -25.67% less than last year’s $1.1887. On Thursday August 10 2023, a $0.3052 dividend decrease was announced.
Financial Health
In the three months ended March 30, Novo Nordisk A/S’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.21, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 84.40% percent. In the year ended March 30, EBITDA margin amounted to 45.79%, whereas operating margins totaled 42.80%. Based on annual data, NVO earned $21.03 billion in gross profit and brought in $25.06 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 56.10%. Return on equity (ROE) for the past 12 months was 81.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Novo Nordisk A/S to report $1.27 quarterly earnings, the actual figure was $1.29 per share, beating the consensus estimate by 1.60%. During the quarter, the company generated $3.81 billion in EBITDA. The liabilities of Novo Nordisk A/S were 27.8 billion at the end of its most recent quarter ended March 30.
Technical Picture
This quick technical analysis looks at Novo Nordisk A/S’s (NVO) price momentum. With a historical volatility rate of 82.25%, the RSI 9-day stood at 70.19% on 16 August.
With respect to its five-day moving average, the current Novo Nordisk A/S price is up by +2.12% percent or $3.86. At present, NVO shares trade +13.05% above its 20-day simple moving average and +21.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.67% above its SMA50 and +70.66% above its SMA200.
Stochastic coefficient K was 80.78% and Stochastic coefficient D was 75.91%, while ATR was 4.97. Given the Stochastic reading of 82.59% for the 14-day period, the RSI (14) reading has been calculated as 67.97%. As of today, the MACD Oscillator reading stands at 3.35, while the 14-day reading stands at 11.50.
Analyst Ratings
HSBC Securities launched its rating on Novo Nordisk A/S (NYSE: NVO) to a Buy in a note to investors on July 14, 2023. Novo Nordisk A/S (NVO) has been rated Overweight by analysts. According to 3 brokerage firms, NVO is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Novo Nordisk A/S stock as buy, with 14 recommending it as overweight.
With a median target price of $189.42, the current consensus forecast for the stock is $105.39 – $228.24. Based on these forecasts, analysts predict Novo Nordisk A/S (NVO) will achieve an average price target of $184.40.
