In yesterday’s Wall Street session, Novo Nordisk ADR (NYSE:NVO) shares traded at $118.22, up 0.16% from the previous session.
NVO stock price is now -8.05% away from the 50-day moving average and -7.54% away from the 200-day moving average. The market capitalization of the company currently stands at $394.67B.
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With the price target of $156, Goldman recently initiated with Buy rating for Novo Nordisk ADR (NYSE: NVO). On April 12, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $163, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
A total of 0.02% of the company’s stock is owned by insiders.
During the past 12 months, Novo Nordisk ADR has had a low of $92.94 and a high of $148.15. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 0.94, and a quick ratio of 0.75. According to the stock market information, the enterprise value for the company is $521395306496, which is based on a 40.58 price-to-earnings ratio, a 2.23 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for NVO is $128.5706 and a two-hundred day moving average price translates $127.8547 for the stock.
The latest earnings results from Novo Nordisk ADR (NYSE: NVO) was released for 2024-06-30. The net profit margin was 34.86% and return on equity was 88.62% for NVO. The company reported revenue of $9.82 billion for the quarter, compared to $7.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.8 percent.
