Eye Catching Stock News: NuVasive (NASDAQ:NUVA)

NuVasive (NASDAQ:NUVA) stock identified change of 49.88% away from 52-week low price and recently located move of -3.59% off 52-week high price. It has market worth of $4.11BM. NUVA stock has been recorded 1.95% away from 50 day moving average and 17.57% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.65% off 20-day moving average.

On Feb. 20, 2020, NuVasive (NASDAQ:NUVA) the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, reported financial results for the quarter and full year ended Dec. 31, 2019.

Fourth Quarter 2019

  • Revenue increased 7.6% to $310.4 million, or 7.8% on a constant currency basis;
  • GAAP operating margin of 13.6%; Non-GAAP operating margin of 16.4%; and
  • GAAP diluted earnings per share of $0.55; Non-GAAP diluted earnings per share of $0.73.
  • Full Year 2019
  • Revenue increased 6.0% to $1.168 billion, or 6.6% on a constant currency basis;
  • GAAP operating margin of 10.5%; Non-GAAP operating margin of 15.8%; and
  • GAAP diluted earnings per share of $1.23; Non-GAAP diluted earnings per share of $2.47.

NuVasive delivered strong financial results in 2019 with consistent, above-market growth of 6.0% over prior year, said J. Christopher Barry, chief executive officer of NuVasive. In 2020, our primary growth drivers include continuing to lead in lateral spine surgery, further innovation in targeted spine segments and achieving scale in key global markets to drive value and deliver on our long-term commitments.

The Healthcare sector company, NuVasive noticed change of -0.54% to $78.97 along volume of 371013 shares in recent session compared to an average volume of 441.31K. The stock observed return of 2.19% in 5 days trading activity. The stock was at 1.63% over one month performance. NUVA’s shares are at 8.79% for the quarter and driving a 42.49% return over the course of the past year and is now at 2.11% since this point in 2018.

The average volatility for the week at 2.52% and for month was at 2.23%. There are 52.06M shares outstanding and 51.69M shares are floated in market. Right now the stock beta is 1.22.

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