NONOF
Price
$46.00
Change
-$0.17 (-0.37%)
Updated
May 12 closing price
Capitalization
209.35B
Intraday BUY SELL Signals
NVO
Price
$47.08
Change
+$0.08 (+0.17%)
Updated
May 13, 04:59 PM (EDT)
Capitalization
207.19B
84 days until earnings call
Intraday BUY SELL Signals
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NONOF vs NVO

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Which Stock Would AI Choose? Novo Nordisk A/S (NONOF) vs. Novo Nordisk A/S (NVO) Stock Comparison

Key Takeaways

  • Both NONOF and NVO provide exposure to Novo Nordisk A/S, a global leader in diabetes and obesity care with flagship products like Ozempic and Wegovy.
  • Fundamentals are nearly identical, including a trailing P/E ratio (price-to-earnings ratio) around 12, EPS (earnings per share) of $3.61, and profit margins exceeding 33%.
  • NVO offers superior liquidity on the NYSE with daily volumes over 25 million shares, compared to NONOF's low OTC volume of around 200 shares.
  • Year-to-date gains are comparable at approximately 12% for NONOF and 11% for NVO, following pullbacks from 52-week highs near $82.
  • Recent catalysts include U.S. rollout of oral Ozempic and new clinical trials for semaglutide, supporting long-term growth in obesity treatments.
  • Traders may prefer NVO for accessibility, while NONOF suits those seeking direct Series B share exposure.

Introduction

NONOF and NVO both track Novo Nordisk A/S, the Danish pharmaceutical giant dominating diabetes and obesity markets with GLP-1 therapies like Ozempic and Wegovy. This comparison highlights differences in their U.S. listings—OTC Pink Sheets for NONOF versus NYSE American Depositary Receipts (ADRs) for NVO—amid recent market volatility. Investors and traders evaluating liquidity, trading costs, and accessibility in the current environment, especially with ongoing GLP-1 demand and competitive pressures, will find this analysis useful for relative performance insights and stock positioning.

NONOF Overview and Recent Performance

Novo Nordisk A/S, through its NONOF listing on OTC markets, focuses on pharmaceutical innovation in obesity/diabetes care and rare diseases. The company develops treatments like semaglutide-based drugs and growth hormone therapies, operating globally with strong profitability (operating margin ~45%). In recent market activity, NONOF has traded around $43.40, down from 52-week highs above $82 amid broader sector rotations and competition concerns. Low trading volume (~200 shares daily) contributes to wider spreads, influencing sentiment among retail traders. Key developments, such as pipeline expansions, provide stability, but illiquidity tempers momentum compared to major exchange peers.

NVO Overview and Recent Performance

NVO, the NYSE ADR for Novo Nordisk A/S, mirrors the company's business in diabetes/obesity products and rare disease therapies, with identical segments and high margins (profit margin 33%). Shares recently closed at $43.88, reflecting a similar pullback from peaks near $81 in recent weeks, driven by market shifts and GLP-1 sector news like generic approvals elsewhere. High volume (over 25 million shares) supports robust liquidity, bolstering institutional interest. Positive sentiment stems from U.S. Ozempic pill launches and semaglutide trials, though valuation pressures persist.

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Head-to-Head Comparison

Both NONOF and NVO share Novo Nordisk's business model centered on GLP-1 agonists for obesity/diabetes growth, rare disease stability, and a beta under 0.4 indicating low volatility. Recent momentum shows parallel declines in recent weeks, with YTD gains in the low teens, pressured by rivals like Eli Lilly and regulatory news on generics. NVO edges in liquidity and accessibility for U.S. investors, reducing execution risks, while NONOF offers direct B-share exposure but higher spreads. Sector risks include patent cliffs and manufacturing constraints, balanced by pipeline catalysts; market sentiment favors liquid names amid volatility.

Tickeron AI Verdict

Tickeron's AI models currently favor NVO over NONOF, citing superior liquidity, higher trading volume, and broader institutional participation for consistent trend execution. While fundamentals align perfectly, NVO's NYSE positioning enhances relative stability and access to catalysts like Ozempic expansions, positioning it better probabilistically in the near term.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations

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NONOF vs. NVO commentary
May 14, 2026

To understand the difference between Novo Nordisk - Ordinary Shares - Class B (NONOF) vs. Novo Nordisk - ADR (NVO) it is enough to know the definitions of Ordinary Shares - Class B and ADR

Ordinary Shares - Class B - Generally, Class B shares are issued by a company as a common stock with fewer voting rights and lower dividend priority than Class A shares. Class B may also have lower repayment priority in the event of a bankruptcy.

ADR - American depositary receipt (ADR) is a certificate issued by a U.S. depositary bank representing a specified number of shares (often 1 share) of a foreign company's stock. ADRs are denominated in U.S. dollars and trade on U.S. stock markets and OTC depending on the ADRs classification.

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COMPARISON
Comparison
May 14, 2026
Stock price -- (NONOF: $46.00 vs. NVO: $47.00)
Brand notoriety: NONOF and NVO are both not notable
Both companies represent the Pharmaceuticals: Major industry
Current volume relative to the 65-day Moving Average: NONOF: 2% vs. NVO: 81%
Market capitalization -- NONOF: $209.35B vs. NVO: $207.19B
NONOF [@Pharmaceuticals: Major] is valued at $209.35B. NVO’s [@Pharmaceuticals: Major] market capitalization is $207.19B. The market cap for tickers in the [@Pharmaceuticals: Major] industry ranges from $905.79B to $0. The average market capitalization across the [@Pharmaceuticals: Major] industry is $104.4B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

NONOF’s FA Score shows that 2 FA rating(s) are green whileNVO’s FA Score has 2 green FA rating(s).

  • NONOF’s FA Score: 2 green, 3 red.
  • NVO’s FA Score: 2 green, 3 red.
According to our system of comparison, NVO is a better buy in the long-term than NONOF.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

NONOF’s TA Score shows that 5 TA indicator(s) are bullish while NVO’s TA Score has 5 bullish TA indicator(s).

  • NONOF’s TA Score: 5 bullish, 3 bearish.
  • NVO’s TA Score: 5 bullish, 4 bearish.
According to our system of comparison, NONOF is a better buy in the short-term than NVO.

Price Growth

NONOF (@Pharmaceuticals: Major) experienced а +2.91% price change this week, while NVO (@Pharmaceuticals: Major) price change was +4.75% for the same time period.

The average weekly price growth across all stocks in the @Pharmaceuticals: Major industry was -1.08%. For the same industry, the average monthly price growth was -0.45%, and the average quarterly price growth was +3.09%.

Reported Earning Dates

NVO is expected to report earnings on Aug 05, 2026.

Industries' Descriptions

@Pharmaceuticals: Major (-1.08% weekly)

The Major Pharmaceuticals industry includes companies that are involved in various processes of creating drugs to treat/prevent diseases. These companies engage in research, testing and manufacturing, as well as the distribution of pharmaceuticals into markets. Johnson & Johnson, Merck & Co., Inc., Pfizer Inc. and Novartis are among the largest companies in this category.

SUMMARIES
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FUNDAMENTALS
Fundamentals
NONOF($209B) and NVO($207B) have the same market capitalization . NVO (10.90) and NONOF (10.66) have similar P/E ratio . NVO YTD gains are higher at: -4.396 vs. NONOF (-9.892). NONOF (180B) and NVO (180B) have comparable annual earnings (EBITDA) . NONOF (21.6B) and NVO (21.6B) have equal amount of cash in the bank . NONOF (146B) and NVO (146B) have identical debt. NONOF (328B) and NVO (328B) have equivalent revenues.
NONOFNVONONOF / NVO
Capitalization209B207B101%
EBITDA180B180B100%
Gain YTD-9.892-4.396225%
P/E Ratio10.6610.9098%
Revenue328B328B100%
Total Cash21.6B21.6B100%
Total Debt146B146B100%
FUNDAMENTALS RATINGS
NONOF vs NVO: Fundamental Ratings
NONOF
NVO
OUTLOOK RATING
1..100
3626
VALUATION
overvalued / fair valued / undervalued
1..100
9
Undervalued
10
Undervalued
PROFIT vs RISK RATING
1..100
9288
SMR RATING
1..100
1616
PRICE GROWTH RATING
1..100
5250
P/E GROWTH RATING
1..100
9090
SEASONALITY SCORE
1..100
2285

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

NONOF's Valuation (9) in the null industry is in the same range as NVO (10) in the Pharmaceuticals Major industry. This means that NONOF’s stock grew similarly to NVO’s over the last 12 months.

NVO's Profit vs Risk Rating (88) in the Pharmaceuticals Major industry is in the same range as NONOF (92) in the null industry. This means that NVO’s stock grew similarly to NONOF’s over the last 12 months.

NVO's SMR Rating (16) in the Pharmaceuticals Major industry is in the same range as NONOF (16) in the null industry. This means that NVO’s stock grew similarly to NONOF’s over the last 12 months.

NVO's Price Growth Rating (50) in the Pharmaceuticals Major industry is in the same range as NONOF (52) in the null industry. This means that NVO’s stock grew similarly to NONOF’s over the last 12 months.

NVO's P/E Growth Rating (90) in the Pharmaceuticals Major industry is in the same range as NONOF (90) in the null industry. This means that NVO’s stock grew similarly to NONOF’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
NONOFNVO
RSI
ODDS (%)
Bearish Trend 2 days ago
66%
Bearish Trend 2 days ago
51%
Stochastic
ODDS (%)
Bearish Trend 2 days ago
69%
Bearish Trend 2 days ago
61%
Momentum
ODDS (%)
Bullish Trend 3 days ago
75%
Bullish Trend 2 days ago
68%
MACD
ODDS (%)
N/A
N/A
TrendWeek
ODDS (%)
Bullish Trend 2 days ago
75%
Bullish Trend 2 days ago
66%
TrendMonth
ODDS (%)
Bullish Trend 2 days ago
73%
Bullish Trend 2 days ago
65%
Advances
ODDS (%)
Bullish Trend 3 days ago
75%
Bullish Trend 2 days ago
67%
Declines
ODDS (%)
N/A
Bearish Trend 15 days ago
64%
BollingerBands
ODDS (%)
Bearish Trend 2 days ago
65%
Bearish Trend 2 days ago
48%
Aroon
ODDS (%)
Bullish Trend 2 days ago
70%
Bullish Trend 2 days ago
62%
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NONOF
Daily Signal:
Gain/Loss:
NVO
Daily Signal:
Gain/Loss:
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NONOF and

Correlation & Price change

A.I.dvisor indicates that over the last year, NONOF has been closely correlated with NVO. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if NONOF jumps, then NVO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NONOF
1D Price
Change %
NONOF100%
-0.37%
NVO - NONOF
70%
Closely correlated
+1.29%
LABFF - NONOF
23%
Poorly correlated
N/A
IMRN - NONOF
22%
Poorly correlated
-3.49%
QSI - NONOF
21%
Poorly correlated
+2.44%
VRTX - NONOF
21%
Poorly correlated
+3.01%
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