With 1.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.1 million shares. The 52-week range on NVST shows that it touched its highest point at $23.00 and its lowest point at $15.15 during that stretch. It currently has a 1-year price target of $22.25. Beta for the stock currently stands at 1.32.
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 -4.73%, but this was down by -4.03% over a month. Three-month performance dropped to -3.09% while six-month performance rose 10.86%. The stock lost -8.48% in the past year, while it has gained 7.47% so far this year. A look at the trailing 12-month EPS for NVST yields -6.50 with Next year EPS estimates of 1.20. For the next quarter, that number is 0.21. This implies an EPS growth rate of 36.79% for this year and 20.27% for next year.
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.
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 $0.76447 being high and $0.67512 being low. For NVST, this leads to a yearly average estimate of $0.71483. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.13. The average estimate for the next quarter is thus $0.23.
