Look Past The Setbacks And Give Novo Nordisk ADR (NYSE: NVO) Another Chance

Novo Nordisk ADR (NYSE:NVO) currently has a daily average trading volume of 4.32M but it saw 3781702 shares traded in last market. With a market cap of 475.39B USD, the company’s current market price of $142.40 came rising about 0.99 while comparing to the previous closing price of $141.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $142.41 and as low as $75.56.

Taking a look at 20-day trading activity of Novo Nordisk ADR (NVO) gives us an average price of $134.47, while its current price level is -0.01% below from 52-week high level whereas it is 88.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $129.28 while that of 200 days or SMA-200 reads an average of $111.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.01% during that period while stretching the period over a month that decreases to 1.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.12 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which initiated the stock as “Buy” in its note to investors issued on May 30, 2024, recommending a price target of $156 for it. Morgan Stanley also issued its recommendations for the stock as it initiated the price target for the stock is $120.

Over the week, NVO’s stock price is moving 7.23% up while it is 11.87% when we observe its performance for the past one month. Year-to-date it is 37.65% up and over the past year, the stock is showing an upside performance of 77.16%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.63 beaten by the consensus estimate of 0.65 for the same. In next quarter, company is expected to be making quarterly sales of $10.95B as analysts are expecting the sales for current fiscal year at $42.77B and seeing the company making $51.48B in sales next year. Moreover, analysts are in estimates of $10.03B for current-quarter revenue.

Currently, Novo Nordisk ADR’s total number of outstanding shares is 3.38B. Company’s return on investment (ROI) stands at 77.53% and return on equity (ROE) at 99.99%. It has a price to earnings ratio (P/E ratio) of 49.17 while having a 34.05 of forward P/E ratio. Stock’s beta reads 0.41. Stock has a price to book (P/B) ratio of 44.33 while price to sale or P/S ratio amounts to 13.39. Its return on asset (ROA) is 32.56% on average.