A share price of Equinor ASA ADR [EQNR] is currently trading at $26.28, down -1.05%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EQNR shares have gain 1.12% over the last week, with a monthly amount drifted -7.72%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Equinor ASA ADR [NYSE: EQNR] stock has seen the most recent analyst activity on April 26, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $30 from $28. On February 20, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $28.50 on the stock. DZ Bank downgraded its rating to a Hold. TD Cowen initiated its recommendation with a Market Perform and recommended $28 as its price target on January 10, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on January 05, 2024. In a note dated December 19, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock.
Equinor ASA ADR experienced fluctuations in its stock price throughout the past year between $24.14 and $32.90. Currently, Wall Street analysts expect the stock to reach $82.5 within the next 12 months. Equinor ASA ADR [NYSE: EQNR] shares were valued at $26.28 at the most recent close of the market. An investor can expect a potential return of 213.93% based on the average EQNR price forecast.
Analyzing the EQNR fundamentals
Trailing Twelve Months sales for Equinor ASA ADR [NYSE:EQNR] were 105.32B which represents 11.33% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.2 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.93 points at the first support level, and at 25.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.81, and for the 2nd resistance point, it is at 27.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Equinor ASA ADR [NYSE:EQNR] is 1.53. Also, the Quick Ratio is 1.43, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 8.02.
