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How to Buy Novo Nordisk A S Stock

Novo Nordisk A S

Novo Nordisk A S is a biotech company located in Denmark, which is part of the Healthcare sector, and is traded under the ticker NVO on the NYSE exchange.

Novo Nordisk A S stock last closed at $128.40, up 0.27% from the previous day, and has increased 65.34% in one year. It has overperformed other stocks in the Biotechnology industry by 0.7 percentage points. Novo Nordisk A S stock is currently +69.93% from its 52-week low of $75.56, and -7.14% from its 52-week high of $138.28.

As of Mar 28, 2024, there are 4.51B NVO shares outstanding. The market value of NVO is $579.08B. In the last 24 hours, 3.5M NVO shares were traded.

How to Buy Novo Nordisk A S Stock

Not sure how to invest in Novo Nordisk A S stock? Here's how.
  1. Choose where to buy Novo Nordisk A S stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Novo Nordisk A S stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Choose your method of payment and add your info.
  4. Analyze Novo Nordisk A S stock: The Novo Nordisk A S ticker symbol is NVO. Is Novo Nordisk A S stock a good investment? Should you buy shares of NVO? How do NVO's underlying business fundamentals look? Do top analysts think Novo Nordisk A S is a good buy? Why has NVO's stock price moved recently? (Hint: Our stock analysis website can help you understand if NVO is a good stock to buy).
  5. Place your NVO trade: Decide if you will purchase NVO shares at the current market price or use a limit order to purchase NVO shares at a specific price.
  6. Get updates on your NVO position: Create a watchlist to get live updates on your investment in Novo Nordisk A S shares.

Step 1: Choose where to buy Novo Nordisk A S stock

You will need a brokerage account in order to access the NYSE market and buy NVO stock.

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Step 2: Create your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal details so you are able to invest in NVO stock today.

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Step 3: Deposit money your brokerage account

Now that you've opened your account on mobile trading apps, you can securely and quickly fund your account:

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Step 4: Analyze Novo Nordisk A S stock

After you have decided on the best place to buy Novo Nordisk A S stock, it's absolutely critical to research their stock prior to investing, so you truly wrap your head around the risk and upside.

Overview of key NVO info

NVO Price
$128.40
1w %
-1.1%
1y %
65.34%
5y %
393.37%
P/E
47.24x
P/B
37.33x
P/S
17.13x
PEG
9.92x
Revenue
$33.81B
Earnings
$12.18B
Fore. Rev. Growth
20.89%
Fore. Earn. Growth
4.76%
Market Cap
$579.08B
Next Earnings
May 2, 2024
Next Dividend
Apr 2, 2024

Novo Nordisk A S Zen Score

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on NVO's stock page.

How is NVO stock valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NVO's fair value.

Using relative valuations measures:

  • NVO may be overvalued based on its P/E ratio of 47.24x, relative to Biotechnology industry P/E ratio of 14.26x
  • NVO could be overvalued based on its P/B ratio of 37.33x, relative to Biotechnology industry P/B ratio of 6.21x
  • NVO may be overvalued based on its PEG ratio of 9.92x

You can access additional valuation analysis on NVO's stock here.

NVO Financial Health Summary

Pros:

  • NVO's operating cash flow of $15.85B allows it to safely service it's debt of $3.93B.
  • NVO profit margin has gone up from 31.4% to 36% in the past year.
  • There are more short-term assets than long-term liabilities on the NVO balance sheet.
  • NVO earnings of $15.29B is not sufficient to cover its interest payments.

Cons:

  • NVO has a relatively high debt to equity ratio of 1.95.
  • There are more short-term liabilities than short-term assets on the NVO balance sheet.
  • Total NVO debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy Novo Nordisk A S stock

Out of 4 Equities analysts who give ratings on NVO, the consensus analyst rating on Novo Nordisk A S is a Strong Buy

Please note that analyst ratings are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are forecasting on the Novo Nordisk A S stock forecast page.

Metrics for Advanced NVO Traders

SMA10
130.05
SMA20
130.27
SMA50
121.86
SMA100
111.85
SMA200
100.38
MACD
1.92
MACD Signal
2.96
MACD Histogram
-1.04
RSI
52.41
Stochastic %K
15.3
Stochastic %D
23.36
StochRSI %K
3.65
StochRSI %D
3.19

NVO Revenue

Last year, NVO earnings were $12.18B. Over the last five year, NVO's earnings have increased by 17.71% per year. This was faster than the Biotechnology industry average of 15.66%.

Last year, NVO revenue was $33.81B. Over the last five year, NVO's revenue has grown by 14.94% per year. This was slower than the Biotechnology industry average of 29.51%.

You can analyze NVO's earnings and revenue performance here.

Are NVO executives and large shareholders buying or selling the stock?

Over the last year, insiders at NVO have not bought or sold any shares.

Dig into more about who owns NVO shares here.

Does NVO stock generate passive income?

Novo Nordisk A S pays a dividend of 1.07%, compared to the Biotechnology industry's average dividend yield of 11.65%. If you owned $1,000 worth of NVO stock, you would have received $10.68 in the past year.

Novo Nordisk A S dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more info about Novo Nordisk A S dividend yield and history here.

NVO Social Trading Data

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Step 5: Place your NVO trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, use a limit order.

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Step 6: Get updates on your NVO position

Now that you own some NVO stock, you'll want to keep up with your new investment.

Make a watchlist to track your NVO stock.

NVO Feed

How to Buy Stock in Novo Nordisk A S

To summarize, here are the 6 steps to buy Novo Nordisk A S stock:

  1. Choose where to buy Novo Nordisk A S stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Novo Nordisk A S stock
  5. Place your NVO trade
  6. Get updates on your NVO position

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If you want to keep track of your investment in Novo Nordisk A S, create your watchlist below.

NYSE: NVO
$128.40+0.35 (+0.27%)
Updated Mar 28, 2024
Open eToro Account
NYSE: NVO
$128.40+0.35 (+0.27%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Novo Nordisk A S share?

As of Mar 28, 2024, it costs $128.40 to buy one share of Novo Nordisk A S stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.078 shares of NVO.

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 Novo Nordisk A S stock?

According to 4 Wall Street analysts who monitor Novo Nordisk A S, their consensus recommendation is to buy Novo Nordisk A S stock.

What is the best way to buy Novo Nordisk A S stock?

One way to place an order for Novo Nordisk A S 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.