Novadaq Technologies Inc. (NVDQ) Sets New 1-Year Low at $8.26
Novadaq Technologies Inc. (NASDAQ:NVDQ) shares hit a new 52-week low on Wednesday . The company traded as low as $8.26 and last traded at $8.51, with a volume of 1,311,445 shares trading hands. The stock had previously closed at $9.65.
Several research analysts have recently commented on NVDQ shares. Zacks Investment Research upgraded Novadaq Technologies from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, April 20th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Novadaq Technologies in a report on Friday, March 11th. JMP Securities assumed coverage on shares of Novadaq Technologies in a report on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. Canaccord Genuity restated a “buy” rating and issued a $15.00 price objective on shares of Novadaq Technologies in a report on Wednesday, June 8th. Finally, Northland Securities restated an “underperform” rating and issued a $7.00 price objective on shares of Novadaq Technologies in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Novadaq Technologies presently has a consensus rating of “Buy” and a consensus target price of $13.58.
The stock’s market capitalization is $505.97 million. The firm’s 50-day moving average is $9.85 and its 200-day moving average is $10.75.
Novadaq Technologies (NASDAQ:NVDQ) last posted its earnings results on Wednesday, April 27th. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. The firm earned $17.70 million during the quarter, compared to analyst estimates of $17.49 million. During the same period last year, the company posted ($0.20) EPS. The firm’s revenue for the quarter was up 51.3% on a year-over-year basis. On average, analysts anticipate that Novadaq Technologies Inc. will post ($0.50) earnings per share for the current year.
An institutional investor recently raised its position in Novadaq Technologies stock. Jennison Associates LLC boosted its stake in shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,160,930 shares of the company’s stock after buying an additional 234,115 shares during the period. Jennison Associates LLC owned approximately 5.62% of Novadaq Technologies worth $40,270,000 at the end of the most recent reporting period.
Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room. The Company’s imaging platform can be used to visualize blood vessels, nerves and the lymphatic system during surgical procedures. The Company generates revenues from the sale of medical devices and consumables, capital devices or consumable products, the rental of capital devices, royalties, upfront payments received from partners for exclusive sales and marketing rights, and extended warranty services agreements in connection with capital sales.
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