How to Buy Nomad Foods Stock
Nomad Foods Ltd
Nomad Foods is a food company located in United Kingdom, which is part of the Consumer Defensive sector, and is traded under the ticker NOMD on the NYSE exchange.
Nomad Foods stock last closed at $17.73, up 0.91% from the previous day, and has increased 7.98% in one year. It has underperformed other stocks in the Packaged Foods industry by 0.03 percentage points. Nomad Foods stock is currently +10.88% from its 52-week low of $15.99, and -11.57% from its 52-week high of $20.05.
As of Dec 5, 2024, there are 170.3M shares of NOMD outstanding. The market capitalization of NOMD is $3.02B. In the past 24 hours, 555,903 NOMD shares were traded.
How to Buy Nomad Foods Stock
Wondering how to invest in Nomad Foods stock? Here's how.
- Figure out where to buy Nomad Foods stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Nomad Foods stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your info.
- Evaluate Nomad Foods stock: The Nomad Foods ticker symbol is NOMD. Is Nomad Foods stock a good investment? Should you buy shares of NOMD? How do NOMD's underlying business fundamentals look? Do top analysts think Nomad Foods is a good buy? Why has NOMD's stock price moved recently? (Hint: Our stock market analysis website can help you understand if NOMD is a good stock to buy).
- Place your NOMD purchase: Decide if you will purchase NOMD shares at the current market price or use a limit order to purchase NOMD shares at a specific price.
- Get the latest scoop on your NOMD position: Create a watchlist to track your new investment in Nomad Foods shares.
Step 1: Figure out where to buy Nomad Foods stock
You need an online brokerage account to access the NYSE market and buy NOMD stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you are able to buy NOMD stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on the best stock trading app, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of transferring funds into your brokerage account.
Step 4: Evaluate Nomad Foods stock
Once you have selected the best place to buy Nomad Foods stock, it's absolutely critical to evaluate their stock before you buy, so you can understand the risk as well as the upside.
Nomad Foods Metrics
Fundamentals of Nomad Foods
WallStreetZen was built to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on NOMD's stock page.
Is NOMD stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge NOMD's intrinsic value.
Using relative valuations metrics:
- NOMD could be undervalued based on its P/E ratio of 13.54x, relative to Packaged Foods industry P/E ratio of 23.79x
- NOMD may be undervalued based on its P/B ratio of 1.06x, relative to Packaged Foods industry P/B ratio of 2.17x
- NOMD could be undervalued based on its PEG ratio of 0.74x
You can do additional valuation research on NOMD's stock here.
NOMD Financial Health
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the NOMD balance sheet.
Failed Health Checks:
- NOMD has a relatively high debt to equity ratio of 1.42.
- Total NOMD debt is higher than 5 years ago, relative to shareholder equity.
- NOMD's operating cash flow of $415.74M allows it to safely service it's debt of $2.27B.
- There are more long-term liabilities than short-term assets on the NOMD balance sheet.
- NOMD earnings of $385.32M is not enough to cover its interest payments.
- NOMD profit margin has gone down from 6.8% to 6.5% in the past year.
Do Wall Street analysts think it's a good time to buy Nomad Foods stock
Out of 2 Wall Street analysts who research NOMD, the consensus analyst rating on NOMD is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Nomad Foods stock forecast page.
NOMD Technicals
How is NOMD performing as a company?
Last year, NOMD earnings were $213.19M. During the past 5 year, NOMD's earnings have grown by 9.51% per year. This was faster than the Packaged Foods industry average of -1.22%.
Last year, NOMD revenue was $3.26B. In the last 5 year, NOMD's revenue has gone up by 6.06% per year. This was faster than the Packaged Foods industry average of 5.68%.
You can analyze NOMD's earnings and revenue performance here.
What are NOMD executives and large shareholders up to?
Over the past 12 months, insiders at NOMD have not bought or sold any shares.
Research more about who owns NOMD stock here.
Does NOMD provide a stable income stream?
Nomad Foods pays a dividend of 3.38%, compared to the Packaged Foods industry's average dividend yield of 3.3%. If you owned $1,000 worth of NOMD stock, you would have received $33.84 last year.
Dig into more analysis about Nomad Foods dividend yield and history here.
Get analysis from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your NOMD purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Hit the Open button and eToro will place the order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your NOMD position
Now that you own some NOMD shares, you'll want to stay up-to-date on your company.
Create a watchlist to get the latest updates about your NOMD stock.
NOMD Feed
How to Buy Stock in Nomad Foods
To reiterate, here are the 6 steps you need to take to buy Nomad Foods stock right now:
- Figure out where to buy Nomad Foods stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Nomad Foods stock
- Place your NOMD purchase
- Get the latest scoop on your NOMD position
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Nomad Foods, create a watchlist on WallStreetZen today.
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