What’s in Novadaq Technologies Inc. (NVDQ) After Forming Double Bottom Pattern?

July 17, 2017 - By Linda Rogers

The chart of Novadaq Technologies Inc. (NVDQ) shows a double bottom with $11.36 target or 3.00 % below today’s $11.71 share price. The 5 months chart pattern indicates high risk for the $677.10M company. It was reported on Jul, 17 by Finviz.com. If the $11.36 price target is reached, the company will be worth $20.31M less. Double bottoms are rare but powerful chart patterns.

It closed at $11.71 lastly. It is down 24.90% since July 17, 2016 and is downtrending. It has underperformed by 41.60% the S&P500.

Wall Street await Novadaq Technologies Inc. (NASDAQ:NVDQ) to release earnings on July, 26. Analysts forecast earnings per share of $-0.21, up exactly $0.08 or 27.59 % from 2014’s $-0.29 EPS. After posting $-0.24 EPS for the previous quarter, Novadaq Technologies Inc.’s analysts now forecast -12.50 % EPS growth.

Novadaq Technologies Inc. (NASDAQ:NVDQ) Ratings Coverage

Among 10 analysts covering Novadaq Technologies Inc (NASDAQ:NVDQ), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. Novadaq Technologies Inc had 19 analyst reports since October 7, 2015 according to SRatingsIntel. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Hold” rating on Tuesday, June 20 by First Analysis. JMP Securities downgraded Novadaq Technologies Inc. (NASDAQ:NVDQ) on Thursday, July 13 to “Market Perform” rating. William Blair downgraded the stock to “Market Perform” rating in Wednesday, January 11 report. RBC Capital Markets maintained Novadaq Technologies Inc. (NASDAQ:NVDQ) rating on Wednesday, January 11. RBC Capital Markets has “Outperform” rating and $13 target. The company was maintained on Monday, June 19 by BTIG Research. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, June 20. Wedbush initiated it with “Outperform” rating and $15 target in Wednesday, October 7 report. The stock of Novadaq Technologies Inc. (NASDAQ:NVDQ) earned “Hold” rating by Craig Hallum on Monday, June 19. The stock of Novadaq Technologies Inc. (NASDAQ:NVDQ) earned “Buy” rating by Canaccord Genuity on Monday, June 19.

More recent Novadaq Technologies Inc. (NASDAQ:NVDQ) news were published by: Fool.com which released: “Why Novadaq Technologies Inc. Skyrocketed Yesterday” on June 20, 2017. Also Crainsdetroit.com published the news titled: “Stryker to buy Canadian manufacturer for $701 million” on June 20, 2017. Nasdaq.com‘s news article titled: “NOVADAQ Mails Information Circular for Special Meeting of Shareholders” with publication date: July 12, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.