nVent Electric plc [NYSE: NVT] traded at a high on Wednesday, posting a 1.08 gain after which it closed the day’ session at $63.58.
The results of the trading session contributed to over 3015720 shares changing hands. Over the past one week, the price volatility of nVent Electric plc stands at 3.02% while the volatility over the past one month is 3.35%.
The market cap for NVT stock reached $10.48 billion, with 164.82 million shares outstanding and 162.97 million shares in the current float. Compared to the average trading volume of 1.69M shares, NVT reached a trading volume of 3015720 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 $86.62 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 1.54. 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.
KeyBanc Capital Markets have made an estimate for nVent Electric plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on March 11, 2024, representing the official price target for nVent Electric plc stock. Previously, the target price had yet another raise to $62, while Citigroup analysts kept a Buy rating on NVT stock.
The Average True Range (ATR) for nVent Electric plc is set at 2.64, with the Price to Sales ratio for NVT stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 3.19, with the Price to Cash per share for the same quarter was set at 0.83. Price to Free Cash Flow for NVT in the course of the last twelve months was 17.90 with Quick ratio for the last quarter at 1.36.
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 -0.56. With this latest performance, NVT shares dropped by -10.01% in over the last four-week period, additionally plugging by 1.60% over the last 6 months – not to mention a rise of 0.24% 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 36.06, with the RSI for the last a single of trading hit 34.26, and the three-weeks RSI is set at 37.99 for nVent Electric plc [NVT]. The present Moving Average for the last 50 days of trading for this stock 71.75, while it was recorded at 64.18 for the last single week of trading, and 72.79 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 1.36 and a Current Ratio set at 1.83.
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 4.03%.
Insider trade positions for nVent Electric plc [NVT]
There are presently around $98.13%, or 99.17%% of NVT stock, in the hands of institutional investors. The top three institutional holders of NVT stocks are: VANGUARD GROUP INC with ownership of 16.73 million shares, which is approximately 10.0705%. BLACKROCK INC., holding 15.2 million shares of the stock with an approximate value of $$1.16 billion in NVT stocks shares; and BLACKROCK INC., currently with $$809.49 million in NVT stock with ownership which is approximately 6.3614%.
