Novartis AG (NVS) is priced at $92.23 after the most recent trading session. At the very opening of the session, the stock price was $91.405 and reached a high price of $92.28, prior to closing the session it reached the value of $89.69. The stock touched a low price of $91.20.
Recently in News on June 6, 2021, Novartis announces iptacopan met Phase II study primary endpoint in rare kidney disease IgA nephropathy (IgAN). Phase II primary endpoint results for investigational iptacopan in IgAN demonstrated effective and clinically meaningful reduction of proteinuria1 – a key risk predictor in kidney disease progression2. You can read further details here
Novartis AG had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $98.52 on 01/25/21, with the lowest value was $82.29 for the same time period, recorded on 03/05/21.
Novartis AG (NVS) full year performance was 4.30%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Novartis AG shares are logging -6.38% during the 52-week period from high price, and 19.72% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $77.04 and $98.52.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2068765 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Novartis AG (NVS) recorded performance in the market was -2.33%, having the revenues showcasing 9.55% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 226.12B, as it employees total of 110000 workers.
Specialists analysis on Novartis AG (NVS)
During the last month, 15 analysts gave the Novartis AG a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 88.44, with a change in the price was noted -2.39. In a similar fashion, Novartis AG posted a movement of -2.53% for the period of last 100 days, recording 1,999,648 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NVS is recording 0.75 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.54.
Trends and Technical analysis: Novartis AG (NVS)
Raw Stochastic average of Novartis AG in the period of last 50 days is set at 99.30%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 99.00%. In the last 20 days, the company’s Stochastic %K was 86.94% and its Stochastic %D was recorded 86.86%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -2.33%. Additionally, trading for the stock in the period of the last six months notably improved by 0.80%, alongside a boost of 4.30% for the period of the last 12 months. The shares increased approximately by 3.76% in the 7-day charts and went down by 4.83% in the period of the last 30 days. Common stock shares were driven by 9.55% during last recorded quarter.