As of Friday close, nVent Electric plc’s (NYSE:NVT) stock was down -$0.02, moving down -0.04 percent to $51.48. The average number of shares traded per day over the past five days has been 735,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.23 fall in that time frame. In the last twenty days, the average volume was 1,522,555, while in the previous 50 days, it was 1,324,956.
Since last month, NVT stock retreated -4.33%. Shares of the company fell to $51.00 on 08/18/23, the lowest level in the past month. A 52-week high of $56.34 was reached on 08/02/23 after having rallying from a 52-week low of $30.48. Since the beginning of this year, NVT’s stock price has risen by 33.82% or $13.01, and marked a new high 33 times. However, the stock has declined by -8.63% since its 52-week high.
NVT stock investors should be aware that nVent Electric plc (NVT) stock had its last reported insider trading activity 15 days ago on Aug 04. Wacker Randolph A., the SVP & Chief Accounting Officer of the company, disposed of 1,519 shares for $55.21 on Aug 04. It resulted in a $83,857 divestment by the insider. Ruzynski Joseph A. sold 4,711 shares at an average price of $54.66 on Aug 03. The insider now owns 38,440 shares following the transaction. On Jun 26, EVP & Chief Financial Officer Zawoyski Sara E sold 2,649 shares at $50.00 apiece. The transaction was valued at $132,450.
Valuation Metrics
Right now, nVent Electric plc (NVT) has a P/E ratio of about 18.88. The stock’s beta is 1.31. Besides these, the trailing price-to-sales (P/S) ratio of 2.80, the price-to-book (PB) ratio of 2.97, and the price-to-cash flow ratio of 20.18 may also be considered.
The latest dividend of $0.1750 per share was paid out, remained unchanged from last year’s $0.1750.
Financial Health
In the three months ended June 29, nVent Electric plc’s quick ratio stood at 1.30, 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 June 29 was 0.67, and the total debt-to-equity ratio was 0.68. On the profitability front, the trailing twelve-month gross margin is 40.10% percent. In the year ended June 29, EBITDA margin amounted to 19.28%, whereas operating margins totaled 17.00%. 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 16.60%.
In nVent Electric plc’s quarter-end financial report for June 29, it reported total debt of $1.94 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NVT’s revenue rose 9.4% to $740.6 million during the quarter, while net income inched up to $803.0 million. While analysts expected nVent Electric plc to report $0.68 quarterly earnings, the actual figure was $0.77 per share, beating the consensus estimate by 13.20%. During the quarter, the company generated $183.5 million in EBITDA. The liabilities of nVent Electric plc were 3.05 billion at the end of its most recent quarter ended June 29, and its total debt was $2.07 billion. The value of shareholders’ equity is $165.78 million.
Technical Picture
This quick technical analysis looks at nVent Electric plc’s (NVT) price momentum. With a historical volatility rate of 14.88%, the RSI 9-day stood at 33.96% on 18 August.
With respect to its five-day moving average, the current nVent Electric plc price is down by -4.15% percent or -$2.23. At present, NVT shares trade -3.52% below its 20-day simple moving average and +24.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.15% above its SMA50 and +41.04% above its SMA200.
Stochastic coefficient K was 6.25% and Stochastic coefficient D was 17.76%, while ATR was 1.32. Given the Stochastic reading of 8.99% for the 14-day period, the RSI (14) reading has been calculated as 42.09%. As of today, the MACD Oscillator reading stands at -1.50, while the 14-day reading stands at -2.17.
Analyst Ratings
Seaport Research Partners launched its rating on nVent Electric plc (NYSE: NVT) to a Neutral in a note to investors on August 07, 2023. nVent Electric plc (NVT) has been rated Overweight by analysts. According to 0 brokerage firms, NVT is a sell, and 4 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 5 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $51.86 – $69.00. Based on these forecasts, analysts predict nVent Electric plc (NVT) will achieve an average price target of $60.14.
