nVent Electric plc Second Quarter 2024 Financial Results Available on Companys Website
| NVT Stock | USD 65.81 2.23 3.51% |
Slightly above 55% of NVent Electric's private investors are presently thinking to get in. The analysis of the overall investor sentiment regarding nVent Electric PLC suggests that some traders are interested. NVent Electric's investing sentiment can be driven by a variety of factors including economic data, NVent Electric's earnings reports, geopolitical events, and overall market trends.
NVent |
LONDON, August 06, 2024--nVent Electric plc , a global leader in electrical connection and protection solutions, reported second quarter 2024 financial results today through an earnings release posted on the companys Investor Relations website at httpinvestors.nvent.com. The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and available here. The company will also hold a conference call with analysts and investors at 900 a.m. E
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NVent Electric Fundamental Analysis
We analyze NVent Electric's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NVent Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NVent Electric based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
NVent Electric is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
nVent Electric PLC Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NVent Electric stock to make a market-neutral strategy. Peer analysis of NVent Electric could also be used in its relative valuation, which is a method of valuing NVent Electric by comparing valuation metrics with similar companies.
Peers
NVent Electric Related Equities
| ENS | Enersys | 1.80 | ||||
| AYI | Acuity Brands | 1.42 | ||||
| PLPC | Preformed Line | 0.67 | ||||
| VRT | Vertiv Holdings | 0.44 | ||||
| ENR | Energizer Holdings | 0.53 | ||||
| AEIS | Advanced Energy | 0.74 | ||||
| ESP | Espey Mfg | 0.97 | ||||
| HUBB | Hubbell | 1.27 | ||||
| KE | Kimball Electronics | 3.28 |
Additional Tools for NVent Stock Analysis
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