With 1.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.31 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $20.51 whereas the lowest price it dropped to was $20.0. The 52-week range on NVST shows that it touched its highest point at $25.64 and its lowest point at $15.15 during that stretch. It currently has a 1-year price target of $21.45. Beta for the stock currently stands at 1.30.
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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 NVST was down-trending over the past week, with a drop of -6.17%, but this was up by 10.45% over a month. Three-month performance surged to 12.12% while six-month performance rose 4.97%. The stock lost -10.16% in the past year, while it has lost -16.54% so far this year. A look at the trailing 12-month EPS for NVST yields -7.77 with Next year EPS estimates of 1.14. For the next quarter, that number is 0.23. This implies an EPS growth rate of -52.70% for this year and 57.40% for next year.
Float and Shares Shorts:
At present, 171.50 million NVST shares are outstanding with a float of 170.67 million shares on hand for trading. On 2024-10-31, short shares totaled 12.27 million, which was 713.0 higher than short shares on 1727654400. In addition to Mr. Stephen Keller as the firm’s Vice President of Investor Relations, Mr. Paul A. Keel serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 1.1084 of NVST’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-27, NVST reported revenue of $601000000.0 and operating income of $20900000.0. The EBITDA in the recently reported quarter was $58800000.0 and diluted EPS was $0.05.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NVST since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 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. With NVST analysts setting a high price target of 26.0 and a low target of 17.0, the average target price over the next 12 months is 21.54545. Based on these targets, NVST could surge 29.48% to reach the target high and fall by -15.34% to reach the target low. Reaching the average price target will result in a growth of 7.3% from current levels.
Analysts have provided yearly estimates in a range of $0.7848 being high and $0.64211 being low. For NVST, this leads to a yearly average estimate of $0.72365. The surprise factor in the prior quarter was $0.28. Based on analyst estimates, the high estimate for the next quarter is $0.31 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.26.
