Nuvasive Inc (NUVA) Stock Forecast & Predictions

Nuvasive Inc NUVA: $69.55

7475 Lusk Blvd, San Diego, California, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.nuvasive.com/

  • Market Cap$3.57B
  • Change (52 Weeks)23.37%
  • Low (52 Weeks)$43.11
  • Nuvasive Inc (NUVA) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Nuvasive Inc (NUVA) stock price is $69.55 and the 52 weeks low is $43.11, which means the Nuvasive Inc stock price is up 23.37% in the last 12 months.

    Nuvasive Inc (NUVA) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that NUVA Stock price might rise further, 18.75% indicating that NUVA Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall NUVA stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Nuvasive Inc (NUVA) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Nuvasive Inc (NUVA) is based on 25 Institutional Analyst Ratings where 32.00% are on Strong Buy, 20.00% on Moderate Buy, 36.00% remains on Hold, 0.00% are on Moderate Sell and 12.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended NUVA stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Nuvasive Inc.

    Nuvasive Inc (NUVA) Stock Price Prediction By Analysts


    HighLowAverage
    $85.05$52.52$67.83
    $67.832.47% Downside
    Updated: 2021-04-22 00:00:00

    The Average Price target for NUVA set by the institutional analysts is $67.83 where High Estimate is $85.05, Median $69.87 and Low $52.52.

    The average price target for NUVA by Institutional Analysts is $67.83, which is 2.47% Downside from the current price. So according to the Institutional Analysts, NUVA Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Nuvasive Inc (NUVA) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with NUVA stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about NUVA and holding their positions hoping for a further rise in the stock price and more profit.

    Nuvasive Inc (NUVA) Stock Forecast Based on News Sentiment


    Neutral
    Based on 3 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of NUVA consisting of positive and negative, it shows that Nuvasive Inc had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so NUVA stock price most likey won't have any reaction to last weeks news coverage.

    Nuvasive Inc (NUVA) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyUpgraded
    Wells FargoUnderweightDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    SVB LeerinkOutperformMaintained
    Canaccord GenuityHoldDowngraded
    BTIGNeutralDowngraded
    BairdNeutralDowngraded
    StifelBuyInitiated
    NeedhamBuyUpgraded
    Wells FargoEqual-WeightMaintained
    UBSSellMaintained
    CitigroupNeutralMaintained
    Canaccord GenuityBuyMaintained
    JP MorganNeutralMaintained
    Wells FargoEqual-WeightMaintained
    BairdOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    Credit SuisseOutperformMaintained
    CitigroupNeutralInitiated
    Cantor FitzgeraldNeutralMaintained
    BairdNeutralMaintained
    SunTrust Robinson HumphreyBuyInitiated
    Credit SuisseOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    SVB LeerinkOutperformMaintained
    UBSSellMaintained
    UBSSellMaintained
    BMO CapitalMarket PerformMaintained
    Morgan StanleyEqual-WeightMaintained
    BairdNeutralDowngraded
    JefferiesHoldDowngraded
    NeedhamHoldDowngraded
    UBSSellMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformInitiated
    UBSSellInitiated
    Morgan StanleyEqual-WeightMaintained
    Canaccord GenuityBuyMaintained
    BMO CapitalMarket PerformMaintained
    BairdOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    Canaccord GenuityBuyMaintained
    JP MorganNeutralDowngraded
    Cantor FitzgeraldNeutralInitiated
    BMO CapitalMarket PerformDowngraded
    Goldman SachsNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    Leerink SwannMarket PerformMaintained
    Canaccord GenuityBuyMaintained
    BarclaysOverweightMaintained
    Leerink SwannMarket PerformDowngraded
    Wells FargoMarket PerformDowngraded
    Wells FargoOutperformMaintained
    BMO CapitalOutperformMaintained
    BarclaysOverweightMaintained
    BairdNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    NeedhamUnderperformDowngraded
    BairdNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Aegis CapitalBuyInitiated
    BarclaysOverweightMaintained
    UBSBuyMaintained
    JefferiesBuyMaintained
    BarclaysOverweightMaintained
    JP MorganOverweightUpgraded
    BarclaysOverweightUpgraded
    Cowen & Co.OutperformMaintained
    Bank of AmericaNeutralUpgraded
    Leerink SwannOutperformMaintained
    Canaccord GenuityBuyUpgraded
    BMO CapitalOutperformUpgraded
    Northland SecuritiesOutperformUpgraded
    Brean CapitalBuyMaintained
    BarclaysEqual-WeightMaintained
    Goldman SachsNeutralDowngraded
    Northland SecuritiesMarket PerformInitiated
    Canaccord GenuityHoldDowngraded
    Bank of AmericaUnderperformDowngraded
    RBC CapitalOutperformUpgraded
    JefferiesBuyMaintained
    Brean CapitalBuyMaintained
    Wells FargoOutperformUpgraded
    BarclaysEqual-WeightMaintained
    Cowen & Co.OutperformUpgraded
    BarclaysEqual-WeightMaintained
    Canaccord GenuityBuyMaintained
    BarclaysEqual-WeightMaintained
    Brean CapitalBuyUpgraded
    JefferiesBuyMaintained
    BarclaysEqual-WeightMaintained
    NeedhamHoldDowngraded
    Summer StreetBuyUpgraded
    Canaccord GenuityBuyMaintained
    JP MorganNeutralMaintained
    Leerink SwannOutperformUpgraded
    Goldman SachsNeutralUpgraded
    Goldman SachsSellDowngraded
    BMO CapitalMarket PerformUpgraded
    NeedhamBuyInitiated
    First AnalysisEqual-WeightDowngraded
    Janney CapitalNeutralDowngraded
    BMO CapitalUnderperformDowngraded
    WallachbethBuyInitiated
    PiperJaffrayOverweightMaintained
    MizuhoNeutralDowngraded
    JP MorganNeutralMaintained
    Goldman SachsNeutralMaintained
    Canaccord GenuityBuyMaintained
    BMO CapitalMarket PerformMaintained
    JP MorganNeutralMaintained
    RBC CapitalSector PerformUpgraded
    BMO CapitalMarket PerformUpgraded
    First AnalysisOverweightUpgraded
    Leerink SwannMarket PerformDowngraded
    Goldman SachsNeutralMaintained
    JP MorganNeutralMaintained
    Wells FargoMarket PerformDowngraded
    RBC CapitalUnderperformDowngraded
    Goldman SachsNeutralMaintained
    Canaccord GenuityBuyMaintained
    Brean CapitalHoldDowngraded
    BMO CapitalUnderperformDowngraded
    BarclaysOverweightMaintained
    Goldman SachsNeutralMaintained
    Bank of AmericaBuyMaintained

    Nuvasive Inc (NUVA) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.514
    The average consensus EPS for NUVA is $0.514 with a high estimate of $0.714 and Low of $0.274 for the period 2021-06-30 and based on 20 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.55$0.24293342020-09-30


    The latest average Earning Per Share Estimate for Nuvasive Inc is $0.51, which is lower than NUVA's last EPS, $0.55. This means that Analysts are expecting Nuvasive Inc to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Nuvasive Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.55$0.24293342020-09-30
    $-0.4$-0.48354122020-06-30
    $0.48$0.41725142020-03-31
    $0.73$0.65142300000000012019-12-31
    $0.59$0.54444542019-09-30
    $0.63$0.56802782019-06-30
    $0.53$0.418597799999999962019-03-31
    $0.69$0.64679219999999992018-12-31
    $0.56$0.6347972018-09-30
    $0.58$0.58799940000000012018-06-30
    $0.39$0.4566032018-03-31
    $0.56$0.56699760000000012017-12-31
    $0.52$0.48902882017-09-30
    $0.46$0.45300242017-06-30
    $0.38$0.38307122017-03-31
    $0.53$0.51567122016-12-31
    $0.4$0.412202399999999972016-09-30
    $0.4$0.367740600000000032016-06-30
    $0.31$0.274382016-03-31
    $0.35$0.311365199999999952015-12-31
    $0.35$0.273360000000000052015-09-30
    $0.31$0.2560712015-06-30
    $0.3$0.21932015-03-31
    $0.39$0.37019882014-12-31
    $0.19$0.256611600000000052014-09-30
    $0.28$0.253470000000000032014-06-30
    $0.29$0.23580362014-03-31
    $0.37$0.3273692013-12-31
    $0.39$0.24711542013-09-30
    $0.2$0.2392412013-06-30
    $0.26$0.222941399999999982013-03-31
    $0.34$0.210956400000000022012-12-31
    $0.23$0.211099200000000012012-09-30
    $0.27$0.2390372012-06-30
    $0.2$0.186843600000000032012-03-31
    $0.27$0.224400000000000022011-12-31
    $0.26$0.238680000000000032011-09-30
    $0.3$0.29116922011-06-30
    $0.24$0.19428962011-03-31
    $0.46$0.42842010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).