In today’s recent session, 3.41 million shares of the Novo Nordisk ADR (NYSE:NVO) have been traded, and its beta is 0.42. Most recently the company’s share price was $109.76, and it changed around -$2.22 or -1.98% from the last close, which brings the market valuation of the company to $366.42B. NVO at last check was trading at a discount to its 52-week high of $148.15, offering almost -34.98% off that amount. The share price’s 52-week low was $94.73, which indicates that the recent value has risen by an impressive 13.69% since then. We note from Novo Nordisk ADR’s average daily trading volume that its 10-day average is 4.3 million shares, with the 3-month average coming to 4.08 million.
Novo Nordisk ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.94. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NVO as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Novo Nordisk ADR is expected to report earnings per share of 0.88 for the current quarter.
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Novo Nordisk ADR (NYSE:NVO) trade information
Instantly NVO has been showing red trend so far today with a performance of -1.98% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 115.26 on recent trading dayincreased the stock’s daily price by 4.77%. The company’s shares are currently up 6.10% year-to-date, but still down -5.17% over the last five days. On the other hand, Novo Nordisk ADR (NYSE:NVO) is -6.99% down in the 30-day period. We can see from the shorts that 6.36 million shares have been sold at a short interest cover period of 1.37 day(s).
The consensus price target as assigned by Wall Street analysts is $158, which translates to bulls needing to increase their stock price by 30.53% from its current value. Analyst projections state that NVO is forecast to be at a low of $156 and a high of $160.
Novo Nordisk ADR (NVO) estimates and forecasts
Novo Nordisk ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -15.05 percent over the past six months and at a 13.70% annual growth rate that is well above the industry average of 7.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 20.50% in revenue this quarter, and will report an increase of 27.10% in the next quarter. The year-over-year growth rate is expected to be 25.70%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 10.42B in revenue for the current quarter. 4 analysts expect Novo Nordisk ADR to make 11.46B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 8.55B and 9.4B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.90%. Forecasts for the next quarter put sales growth at 22.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.48%. Novo Nordisk ADR earnings are expected to increase by 23.44% in 2024, but the outlook is positive 18.21% per year for the next five years.
NVO Dividends
Novo Nordisk ADR’s next quarterly earnings report is expected to be released on 2024-Nov-06. The annual dividend yield of the stock is 1.32 percent and its annual dividend per share was 1.45. It is important to note, however, that the 1.32% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.48 per year.
Novo Nordisk ADR (NYSE:NVO)’s Major holders
FMR LLC, with 0.4371% or 19.49 million shares worth $2.78 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
