With 1.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.53 million shares. The 52-week range on NVS shows that it touched its highest point at $120.92 and its lowest point at $92.35 during that stretch. It currently has a 1-year price target of $114.70. With its current market cap of 211.95 billion, NVS has annualized dividend of $3.74 while the current yield stands at 3.48%. Beta for the stock currently stands at 0.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NVS was up-trending over the past week, with a rise of 0.29%, but this was up by 7.60% over a month. Three-month performance surged to 4.12% while six-month performance fell -7.44%. The stock gained 7.11% in the past year, while it has gained 10.28% so far this year. A look at the trailing 12-month EPS for NVS yields 5.87 with Next year EPS estimates of 8.55. For the next quarter, that number is 2.04. This implies an EPS growth rate of 5.79% for this year and 3.49% for next year. EPS is expected to grow by 5.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.99%.
Float and Shares Shorts:
At present, 1.98 billion NVS shares are outstanding with a float of 1.98 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NVS since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.61773 being high and $7.49901 being low. For NVS, this leads to a yearly average estimate of $7.53858. Based on analyst estimates, the high estimate for the next quarter is $2.29 and the low estimate is $2.19. The average estimate for the next quarter is thus $2.23.
