With 1.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.06 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 0.75.
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 up-trending over the past week, with a rise of 5.95%, but this was up by 1.79% over a month. Three-month performance dropped to -8.60% while six-month performance fell -42.48%. The stock lost -15.74% in the past year, while it has lost -39.92% 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 -6.91% for next year. EPS is expected to grow by 8.60% 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 98.79 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.
