The stock of NuVasive Inc. (NASDAQ:NUVA) increased by $0.79 on Monday to finish at $39.96, up 2.02 percent. The last five days have seen an average of 1,945,280 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.28. The average number of shares traded over the last 20 days was 1,037,735, while the average volume over the last 50 days totaled 722,526.
NUVA stock dropped -4.70% since last month. On 08/25/23, the company’s shares reached a one-month low of $37.93. The stock touched a high of $49.53 on 02/09/23, after rallying from a low of $35.17 in 52 weeks. The price of NUVA stock has declined by -3.10% or -$1.28 this year, reaching a new high 12 times. Still, the stock price is down -19.32% from the 52-week high.
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Valuation Metrics
NuVasive Inc. (NUVA) has a trailing price-to-earnings (P/E) ratio of 95.83. Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 2.35.
Financial Health
For the three months ended June 29, NuVasive Inc.’s quick ratio was 0.60, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.50, and the total debt to equity ratio is 0.89. As far as profitability goes, gross margin for the trailing twelve months is 71.70% percent. NuVasive Inc.’s EBITDA margin for the year ended June 29 was 19.18%, whereas its operating margin stood at 5.60% for the same period. Based on annual data, it had gross profit of $865.43 million and revenue of $1.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NUVA’s return on assets (ROA) during the last 12 months has been 1.30%. There was a 4.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.30%.
Earnings Surprise
According to NuVasive Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $317.79 million, while revenues rose by 2.31% to $307.71 million. It was predicted that NuVasive Inc.’s quarterly earnings would be $0.56, but it ended up being $0.55, beating the consensus by 1.80%. EBITDA was $52.48 million for the quarter. At the end of NuVasive Inc.’s most recent quarter ended June 29, its liabilities totaled 1.2 billion, while its total debt was $907.85 million. Equity owned by shareholders amounts to $52.45 million.
Technical Picture
Here’s a quick look at NuVasive Inc.’s (NUVA) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 53.46%, suggesting the stock is Neutral, with a 33.12% historical volatility rate.
The stochastic %K and %D were 38.95% and 28.75% respectively, while the average true range (ATR) was 1.28. Based on the 14-day stochastic reading of 64.04%, the RSI (14) reading is 50.05%. On the 9-day MACD Oscillator, the stock is at -0.01, and the 14-day reading is at -0.21.
Analyst Ratings
NuVasive Inc. (NASDAQ: NUVA) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned NuVasive Inc. (NUVA) an Hold rating. NUVA is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is NUVA’s price target for the next 12 months?
The current consensus forecast for the stock is between $44.00 and $58.00, with a median target price of $50.00. In analyzing these forecasts, the average price target given by analysts for NuVasive Inc. (NUVA) is $49.97.
