NOMD Stock Summary and Trading Ideas (Nomad Foods | NYSE:NOMD)

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.

Nomad Foods trades on the NYSE stock market under the symbol NOMD.

As of April 19, 2024, NOMD stock price climbed to $18.56 with 275,575 million shares trading.

NOMD has a beta of 0.58, meaning it tends to be less sensitive to market movements. NOMD has a correlation of 0.09 to the broad based SPY ETF.

NOMD has a market cap of $3.24 billion. This is considered a Mid Cap stock.

Last quarter Nomad Foods reported $819 million in Revenue and $.34 earnings per share. This fell short of revenue expectation by $-15 million and met earnings estimates .

In the last 3 years, NOMD stock traded as high as $31.85 and as low as $12.50.

The top ETF exchange traded funds that NOMD belongs to (by Net Assets): FNDA, VYM, PBJ, SPDW, VT.

NOMD stock has underperformed the market in the last year with a return of -1.5%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NOMD shares. However, NOMD has outperformed the market in the last 3 month and 2 week periods, returning +5.9% and -2.2%, while SPY returned +3.0% and -4.5%, respectively. This indicates NOMD has been having a stronger performance recently.

NOMD support price is $18.11 and resistance is $18.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOMD stock will trade within this expected range on the day.