Nordstrom, Inc. (NYSE: JWN) – Time For Strategy Change?

Nordstrom, Inc. (NYSE:JWN) currently has a daily average trading volume of 2.34M but it saw 1328359 shares traded in last market. With a market cap of 3.70B USD, the company’s current market price of $22.54 came falling about -0.66 while comparing to the previous closing price of $22.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.93 and as low as $12.88. In the recent trading on the day, stock has struck highest price mark of $22.43 while lowest mark touched by it was $22.95.

Taking a look at 20-day trading activity of Nordstrom, Inc. (JWN) gives us an average price of $22.71, while its current price level is -9.59% below from 52-week high level whereas it is 75.00% 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 $22.50 while that of 200 days or SMA-200 reads an average of $20.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.05% during that period while stretching the period over a month that decreases to 2.81%. 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 46.60 which implies that the stock is in neutral territory.

Barclays upgraded its recommendation for the stock as a “Equal Weight” from “Underweight” on September 05, 2024 while assigning a price target range of $18-$23. Telsey Advisory Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $23 and $24.

Over the week, JWN’s stock price is moving -7.85% down while it is -0.44% when we observe its performance for the past one month. Year-to-date it is 22.17% up and over the past year, the stock is showing an upside performance of 60.89%.

Currently, Nordstrom, Inc.’s total number of outstanding shares is 162.40M. Company’s return on investment (ROI) stands at 5.76% and return on equity (ROE) at 35.02%. It has a price to earnings ratio (P/E ratio) of 13.20 while having a 11.41 of forward P/E ratio. Stock’s beta reads 2.60. Stock has a price to book (P/B) ratio of 3.90 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is 3.26% on average.