At the time of writing, National Grid Plc ADR [NGG] stock is trading at $68.14, up 1.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NGG shares have gain 3.82% over the last week, with a monthly amount drifted -3.17%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
National Grid Plc ADR [NYSE: NGG] stock has seen the most recent analyst activity on October 03, 2024, when Citigroup downgraded its rating to a Neutral. On June 12, 2024, upgrade upgraded it’s rating to Buy. Citigroup upgraded its rating to a Buy. Exane BNP Paribas upgraded its rating to a Outperform. Jefferies upgraded its rating to Buy for this stock on February 05, 2024. In a note dated January 16, 2024, Deutsche Bank upgraded an Buy rating on this stock.
For the past year, the stock price of National Grid Plc ADR fluctuated between $53.57 and $71.43. Currently, Wall Street analysts expect the stock to reach $73 within the next 12 months. National Grid Plc ADR [NYSE: NGG] shares were valued at $68.14 at the most recent close of the market. An investor can expect a potential return of 7.13% based on the average NGG price forecast.
Analyzing the NGG fundamentals
According to National Grid Plc ADR [NYSE:NGG], the company’s sales were 24.93B for trailing twelve months, which represents an -2.28% plunge. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.58.
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 67.90 points at the first support level, and at 67.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.26, and for the 2nd resistance point, it is at 68.39.
Ratios To Look Out For
It is important to note that National Grid Plc ADR [NYSE:NGG] has a current ratio of 0.91. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.67, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 19.12.
