Is a Correction Looming Ahead for NuVasive Inc. (NUVA)

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NuVasive Inc. (NASDAQ:NUVA) went up by 3.27% from its latest closing price compared to the recent 1-year high of $81.91. The company’s stock price has collected -4.66% of loss in the last five trading sessions. Press Release reported 9 hours ago that NuVasive Announces Third Quarter 2020 Financial Results

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Is It Worth Investing in NuVasive Inc. (NASDAQ :NUVA) Right Now?

Plus, the 36-month beta value for NUVA is at 1.37. Opinions of the stock are interesting as 9 analysts out of 19 who provided ratings for NuVasive Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 1 as “sell.”

The average price from analysts is $65.94, which is $16.61 above the current price. NUVA currently public float of 50.90M and currently shorts hold a 11.56% ratio of that float. Today, the average trading volume of NUVA was 733.47K shares.

NUVA’s Market Performance

NUVA stocks went down by -4.66% for the week, with a monthly jump of 1.44% and a quarterly performance of -13.77%, while its annual performance rate touched -25.87%. The volatility ratio for the week stands at 3.95% while the volatility levels for the past 30 days are set at 3.91% for NuVasive Inc.. The simple moving average for the period of the last 20 days is -4.59% for NUVA stocks with a simple moving average of -14.84% for the last 200 days.

Analysts’ Opinion of NUVA

Many brokerage firms have already submitted their reports for NUVA stocks, with Stifel repeating the rating for NUVA by listing it as a “Buy.” The predicted price for NUVA in the upcoming period, according to Stifel is $64 based on the research report published on October 20th of the current year 2020.

Northland Capital, on the other hand, stated in their research note that they expect to see NUVA reach a price target of $65. The rating they have provided for NUVA stocks is “Market Perform” according to the report published on June 25th, 2020.

NUVA Trading at -4.59% from the 50-Day Moving Average

After a stumble in the market that brought NUVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.85% of loss for the given period.

Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares surge +0.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.40% lower at present.

During the last 5 trading sessions, NUVA fell by -4.66%, which changed the moving average for the period of 200-days by -38.11% in comparison to the 20-day moving average, which settled at $51.65. In addition, NuVasive Inc. saw -36.29% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NUVA starting from Link Matthew, who sale 3,000 shares at the price of $67.00 back on Jun 08. After this action, Link Matthew now owns 82,595 shares of NuVasive Inc., valued at $201,000 using the latest closing price.

Link Matthew, the President of NuVasive Inc., sale 3,000 shares at $79.80 during a trade that took place back on Jan 16, which means that Link Matthew is holding 80,081 shares at $239,400 based on the most recent closing price.

Stock Fundamentals for NUVA

Current profitability levels for the company are sitting at:

  • +10.36 for the present operating margin
  • +61.97 for the gross margin

The net margin for NuVasive Inc. stands at +5.58. The total capital return value is set at 7.92, while invested capital returns managed to touch 4.28. Equity return is now at value -0.40, with -0.20 for asset returns.

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Based on NuVasive Inc. (NUVA), the company’s capital structure generated 76.88 points at debt to equity in total, while total debt to capital is 43.46. Total debt to assets is 37.32, with long-term debt to equity ratio resting at 76.20. Finally, the long-term debt to capital ratio is 43.08.

When we switch over and look at the enterrpise to sales, we see a ratio of 3.94, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 5.73 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.69.

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