With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.91 million shares. The 52-week range on NVCR shows that it touched its highest point at $34.13 and its lowest point at $14.17 during that stretch. It currently has a 1-year price target of $32.57. Beta for the stock currently stands at 0.73.
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 NVCR was down-trending over the past week, with a drop of -2.84%, but this was up by 13.47% over a month. Three-month performance dropped to -23.94% while six-month performance rose 5.12%. The stock gained 12.15% in the past year, while it has lost -41.48% so far this year. A look at the trailing 12-month EPS for NVCR yields -1.51 with Next year EPS estimates of -1.75. For the next quarter, that number is -0.38. This implies an EPS growth rate of -4.67% for this year and -7.00% for next year. EPS is expected to grow by 8.26% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -83.87%.
Float and Shares Shorts:
At present, 111.48 million NVCR shares are outstanding with a float of 99.75 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 NVCR since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 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 -$1.21597 being high and -$1.38541 being low. For NVCR, this leads to a yearly average estimate of -$1.29571. Based on analyst estimates, the high estimate for the next quarter is -$0.37 and the low estimate is -$0.49. The average estimate for the next quarter is thus -$0.43.
