On January 24, 2023, Novo Nordisk A/S (NYSE: NVO) opened at $157.87, lower -0.84% from the last session. During the day, the shares moved up to $157.87 and dropped to $139.12 before settling in for the closing price of $141.08. Price fluctuations for NVO have ranged from $91.51 to $141.50 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 4.70% over the last five years. Company’s average yearly earnings per share was noted 15.20% at the time writing. With a float of $1.21 billion, this company’s outstanding shares have now reached $2.26 billion.
The firm has a total of 52696 workers. Let’s measure their productivity. In terms of profitability, gross margin is +82.04, operating margin of +41.91, and the pretax margin is +41.98.
Novo Nordisk A/S (NVO) Insider Activity
A key investor’s attitude towards the stock of the Drug Manufacturers – General industry is another important factor to consider. The insider ownership of Novo Nordisk A/S is 26.40%, while institutional ownership is 8.40%.
Novo Nordisk A/S (NVO) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/29/2022, the company posted $0.78 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.74) by $0.04. This company achieved a net margin of +33.92 while generating a return on equity of 71.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.79% during the next five years compared to 6.70% growth over the previous five years of trading.
Novo Nordisk A/S (NYSE: NVO) Trading Performance Indicators
Check out the current performance indicators for Novo Nordisk A/S (NVO). In the past quarter, the stock posted a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.87. Likewise, its price to free cash flow for the trailing twelve months is 48.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.37, a number that is poised to hit 0.84 in the next quarter and is forecasted to reach 4.26 in one year’s time.
Technical Analysis of Novo Nordisk A/S (NVO)
Analysing the last 5-days average volume posted by the [Novo Nordisk A/S, NVO], we can find that recorded value of 1.76 million was better than the volume posted last year of 1.54 million. As of the previous 9 days, the stock’s Stochastic %D was 87.66%. Additionally, its Average True Range was 3.47.
During the past 100 days, Novo Nordisk A/S’s (NVO) raw stochastic average was set at 90.19%, which indicates a significant increase from 66.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.60% in the past 14 days, which was lower than the 24.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $128.86, while its 200-day Moving Average is $113.65. Now, the first resistance to watch is $143.41. This is followed by the second major resistance level at $146.93. The third major resistance level sits at $149.07. If the price goes on to break the first support level at $137.75, it is likely to go to the next support level at $135.61. Should the price break the second support level, the third support level stands at $132.09.
Novo Nordisk A/S (NYSE: NVO) Key Stats
There are currently 2,262,969K shares outstanding in the company with a market cap of 240.18 billion. Presently, the company’s annual sales total 22,401 M according to its annual income of 7,598 M. Last quarter, the company’s sales amounted to 6,165 M and its income totaled 1,949 M.