Nordstrom, Inc. (NYSE:JWN) shares, rose in value on Thursday, April 25, with the stock price down by -1.84% to the previous day’s close as strong demand from buyers drove the stock to $18.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19.26. The PE ratio was 23.99 over 12-month period. Referring to stock’s 52-week performance, its high was $23.53, and the low was $12.88. On the whole, JWN has fluctuated by 1.53% over the past month.
The company’s Forward Dividend Ratio is 0.57, with its dividend yield at 3.02%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.7B, with a low estimate of 3.07B and a high estimate of 3.28B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.2B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JWN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.53, with the price of JWN currently trading nearly -0.93% and -1.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.68, while the 7-day volatility ratio is showing 5.93% which for the 30-day chart, stands at 4.65%. Furthermore, Nordstrom, Inc. (JWN)’s beta value is 2.61, and its average true range (ATR) is 0.89.
A comparison of Nordstrom, Inc. (JWN) with its peers suggests the former has fared considerably weaker in the market. JWN showed an intraday change of -1.84% in today’s session so far, and over the past year, it grew by 24.29%%.
Data on historical trading for Nordstrom, Inc. (NYSE:JWN) indicates that the trading volumes over the past 3 months, they’ve averaged 4.37 million. According to company’s latest data on outstanding shares, there are 162.40 million shares outstanding.
Nearly 42.72% of Nordstrom, Inc.’s shares belong to company insiders and institutional investors own 54.17% of the company’s shares. The stock has risen by 2.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JWN stock heading into the next quarter.
