Novartis AG ADR (NYSE: NVS): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Erasca Announces Two Clinical Trial Collaboration and Supply Agreements for Trametinib to Evaluate Naporafenib Combination in SEACRAFT-1 and SEACRAFT-2 Trials.

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Stocks Info

NVS belongs to the Healthcare sector of the NYSE while operating in the Drug Manufacturers – General industry. The current market capitalization of Novartis AG ADR is $211.05B. A total of 1.95 million shares were traded on the day, compared to an average of 1.44M shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Novartis AG ADR pays an annual dividend of $3.50, resulting in a dividend yield of 3.39%, and it has a price to earnings (P/E) ratio of 14.46. NVS’s most recent ex-dividend date was 3/9/2023 when it declared a $3.4694 quarterly dividend that was paid in cash on 3/20/2023. Previously, the company paid the dividend on 3/17/2022 with an ex-dividend date of 3/8/2022. The NVS stock dividend was $1.1750 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NVS in the last 3 months, the mean price target is $111.37 with high estimates of $127.61 and low estimates of $83.48. In terms of 52-week highs and lows, NVS has a high of $108.78 and a low of $75.68.

As of this writing, NVS has an earnings estimate of $1.76 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.8 per share and a lower estimate of $1.7. The company reported an EPS of $1.83 in the last quarter, which was 7.60% higher than expectations of $1.7.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NVS’s latest balance sheet shows that the firm has $28.11B in Cash & Short Term Investments as of fiscal 2021. There were $31.02B in debt and $30.21B in liabilities at the time. Its Book Value Per Share was $22.83, while its Total Shareholder’s Equity was $67.82B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NVS is Buy with a score of 3.60.

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