nVent Electric plc [NYSE: NVT] traded at a low on Tuesday, posting a -2.52 loss after which it closed the day’ session at $61.00.
The results of the trading session contributed to over 6171493 shares changing hands. Over the past one week, the price volatility of nVent Electric plc stands at 6.42% while the volatility over the past one month is 4.37%.
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The market cap for NVT stock reached $10.13 billion, with 165.07 million shares outstanding and 164.14 million shares in the current float. Compared to the average trading volume of 1.66M shares, NVT reached a trading volume of 6171493 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about nVent Electric plc [NVT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVT shares is $86.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVT stock is a recommendation set at 1.79. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for nVent Electric plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 11, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on October 03, 2023, representing the official price target for nVent Electric plc stock.
The Average True Range (ATR) for nVent Electric plc is set at 3.74, with the Price to Sales ratio for NVT stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 3.15, with the Price to Cash per share for the same quarter was set at 1.27. Price to Free Cash Flow for NVT in the course of the last twelve months was 21.16 with Quick ratio for the last quarter at 1.35.
How has NVT stock performed recently?
nVent Electric plc [NVT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.29. With this latest performance, NVT shares dropped by -20.49% in over the last four-week period, additionally sinking by -3.19% over the last 6 months – not to mention a rise of 12.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVT stock in for the last two-week period is set at 27.00, with the RSI for the last a single of trading hit 22.03, and the three-weeks RSI is set at 31.06 for nVent Electric plc [NVT]. The present Moving Average for the last 50 days of trading for this stock 76.30, while it was recorded at 66.01 for the last single week of trading, and 66.91 for the last 200 days.
nVent Electric plc [NVT]: Deeper insight into the fundamentals
nVent Electric plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.35 and a Current Ratio set at 1.99.
Earnings analysis for nVent Electric plc [NVT]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for nVent Electric plc go to 7.80%.
Insider trade positions for nVent Electric plc [NVT]
The top three institutional holders of NVT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NVT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NVT stock with ownership which is approximately 5.1238%.
