With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.26 million shares. The 52-week range on SOLV shows that it touched its highest point at $85.92 and its lowest point at $47.16 during that stretch. It currently has a 1-year price target of $80.29. Beta for the stock currently stands at 0.60.
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 SOLV was up-trending over the past week, with a rise of 9.47%, but this was up by 10.63% over a month. Three-month performance dropped to -1.84% while six-month performance rose 1.97%. The stock gained 15.52% in the past year, while it has gained 10.41% so far this year. A look at the trailing 12-month EPS for SOLV yields 2.17 with Next year EPS estimates of 5.92. For the next quarter, that number is 1.43. This implies an EPS growth rate of -17.01% for this year and 6.46% for next year.
Float and Shares Shorts:
At present, 173.01 million SOLV shares are outstanding with a float of 138.44 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 SOLV since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 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 $6.61502 being high and $6.57499 being low. For SOLV, this leads to a yearly average estimate of $6.585. Based on analyst estimates, the high estimate for the next quarter is $1.42 and the low estimate is $1.33. The average estimate for the next quarter is thus $1.37.
