With 53.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.31 million shares. The 52-week range on NOVA shows that it touched its highest point at $13.00 and its lowest point at $0.47 during that stretch. It currently has a 1-year price target of $1.08. Beta for the stock currently stands at 2.78.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOVA was down-trending over the past week, with a drop of -14.22%, but this was down by -79.30% over a month. Three-month performance dropped to -89.19% while six-month performance fell -95.43%. The stock lost -91.91% in the past year, while it has lost -85.16% so far this year. A look at the trailing 12-month EPS for NOVA yields -2.95 with Next year EPS estimates of -2.67. For the next quarter, that number is -0.90. This implies an EPS growth rate of -3.37% for this year and 12.80% for next year. EPS is expected to grow by 5.27% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.50%.
Float and Shares Shorts:
At present, 125.07 million NOVA shares are outstanding with a float of 115.43 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOVA since 15 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.11333 being high and -$3.60986 being low. For NOVA, this leads to a yearly average estimate of -$2.63914. Based on analyst estimates, the high estimate for the next quarter is -$0.46 and the low estimate is -$0.78. The average estimate for the next quarter is thus -$0.65.
