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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 $18.29, down 0.49% from the previous day, and has decreased 1.77% in one year. It has overperformed other stocks in the Packaged Foods industry by 0.1 percentage points. Nomad Foods stock is currently +34.88% from its 52-week low of $13.56, and -8.78% from its 52-week high of $20.05.

As of Apr 15, 2024, there are 163.17M shares of NOMD outstanding. The market capitalization of NOMD is $2.98B. In the past 24 hours, 507,622 NOMD shares were traded.

How to Buy Nomad Foods Stock

Wondering how to invest in Nomad Foods stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Select your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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

NOMD Price
$18.29
1w %
-3.79%
1y %
-1.77%
5y %
-11.73%
P/E
14.89x
P/B
1.06x
P/S
0.91x
PEG
0.37x
Revenue
$3.31B
Earnings
$209.46M
Fore. Rev. Growth
2.99%
Fore. Earn. Growth
44.16%
Market Cap
$2.98B
Next Earnings
May 10, 2024
Next Dividend
N/A

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 overvalued based on its P/E ratio of 14.89x, relative to Packaged Foods industry P/E ratio of 8.16x
  • NOMD may be undervalued based on its P/B ratio of 1.06x, relative to Packaged Foods industry P/B ratio of 2.07x
  • NOMD could be undervalued based on its PEG ratio of 0.37x

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.
  • Total NOMD debt is lower than 5 years ago, relative to shareholder equity.
  • NOMD's operating cash flow of $468.26M allows it to safely service it's debt of $2.32B.

Failed Health Checks:

  • NOMD has a relatively high debt to equity ratio of 1.48.
  • There are more long-term liabilities than short-term assets on the NOMD balance sheet.
  • NOMD earnings of $370.00M is not enough to cover its interest payments.
  • NOMD profit margin has gone down from 8.5% to 6.3% in the past year.

Do Wall Street analysts think it's a good time to buy Nomad Foods stock

Out of 1 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

SMA10
18.77
SMA20
19.19
SMA50
18.81
SMA100
17.91
SMA200
17.16
MACD
-0.15
MACD Signal
0
MACD Histogram
-0.15
RSI
34.95
Stochastic %K
15.34
Stochastic %D
17.25
StochRSI %K
0
StochRSI %D
0.27

How is NOMD performing as a company?

Last year, NOMD earnings were $209.46M. During the past 5 year, NOMD's earnings have grown by 2.41% per year. This was slower than the Packaged Foods industry average of 8.57%.

Last year, NOMD revenue was $3.31B. In the last 5 year, NOMD's revenue has gone up by 6.26% per year. This was faster than the Packaged Foods industry average of 5.59%.

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 0.82%, compared to the Packaged Foods industry's average dividend yield of 3.56%. If you owned $1,000 worth of NOMD stock, you would have received $8.20 last year.

Dig into more analysis about Nomad Foods dividend yield and history here.

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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.

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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:

  1. Figure out where to buy Nomad Foods stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Evaluate Nomad Foods stock
  5. Place your NOMD purchase
  6. Get the latest scoop on your NOMD position

If you need a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your investment in Nomad Foods, create a watchlist on WallStreetZen today.

NYSE: NOMD
$18.29-0.09 (-0.49%)
Updated Apr 15, 2024
Open eToro Account
NYSE: NOMD
$18.29-0.09 (-0.49%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nomad Foods share?

As of Apr 15, 2024, it costs $18.29 to buy one share of Nomad Foods stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $9, you can buy 0.492 shares of NOMD.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nomad Foods stock?

According to 1 Wall Street analysts who monitor Nomad Foods, their consensus recommendation is to buy Nomad Foods stock.

What is the best way to buy Nomad Foods stock?

One way to place an order for Nomad Foods stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.