With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.31 million shares. The 52-week range on NOVT shows that it touched its highest point at $187.12 and its lowest point at $98.76 during that stretch. It currently has a 1-year price target of $172.50. Beta for the stock currently stands at 1.48.
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 NOVT was down-trending over the past week, with a drop of -0.02%, but this was up by 13.03% over a month. Three-month performance dropped to -20.41% while six-month performance fell -30.87%. The stock lost -26.28% in the past year, while it has lost -22.96% so far this year. A look at the trailing 12-month EPS for NOVT yields 1.77 with Next year EPS estimates of 4.10. For the next quarter, that number is 0.75. This implies an EPS growth rate of 12.34% for this year and 18.50% for next year.
Float and Shares Shorts:
At present, 35.94 million NOVT shares are outstanding with a float of 35.61 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 NOVT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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 $3.04906 being high and $3.01361 being low. For NOVT, this leads to a yearly average estimate of $3.03333.
