NVE Corporation (NVEC) Earns Coverage Optimism Score of 0.11
News articles about NVE Corporation (NASDAQ:NVEC) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NVE Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.5304208011799 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- BRIEF-SPI ENERGY ENTERS SHARE PURCHASE AGREEMENTS WITH TOTAL VALUE OF $33.9 MLN (feeds.reuters.com)
- NVE Corporation (NVEC) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- NVE Schedules Conference Call on Second-Quarter Results (feeds.benzinga.com)
- BRIEF-MOTOR COACH INDUSTRIES SAYS ALL-ELECTRIC COMMUTER COACH MODEL D45 CRT LE TO BE RELEASED IN 2020 (feeds.reuters.com)
- BRIEF-INVESTMENT TECHNOLOGY GROUP SAYS SEPTEMBER U.S. TRADING VOLUME WAS 2.6 BILLION SHARES (feeds.reuters.com)
A number of brokerages recently commented on NVEC. BidaskClub downgraded shares of NVE Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Craig Hallum downgraded shares of NVE Corporation from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a report on Thursday, July 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of NVE Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
Shares of NVE Corporation (NVEC) traded down 1.78% on Thursday, hitting $80.15. 13,847 shares of the company were exchanged. NVE Corporation has a 52-week low of $55.00 and a 52-week high of $88.34. The stock has a market capitalization of $388.01 million, a PE ratio of 29.58 and a beta of 1.22. The firm’s 50-day moving average is $76.88 and its 200-day moving average is $78.35.
NVE Corporation (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. NVE Corporation had a net margin of 44.87% and a return on equity of 14.02%. The company had revenue of $7.61 million during the quarter. Equities research analysts predict that NVE Corporation will post $2.72 earnings per share for the current year.
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NVE Corporation Company Profile
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM).
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