Price Action Don’t Lie: Will Novadaq Technologies Inc. Go Down Anytime Soon?

Price Action Don't Lie: Will Novadaq Technologies Inc. Go Down Anytime Soon?

The stock of Novadaq Technologies Inc. (NASDAQ:NVDQ) is a huge mover today! The stock increased 4.22% or $0.45 during the last trading session, hitting $11.11. About 671,826 shares traded hands or 339.39% up from the average. Novadaq Technologies Inc. (NASDAQ:NVDQ) has declined 1.11% since March 29, 2016 and is downtrending. It has underperformed by 4.59% the S&P500.
The move comes after 9 months positive chart setup for the $612.26M company. It was reported on Oct, 31 by Barchart.com. We have $16.22 PT which if reached, will make NASDAQ:NVDQ worth $281.64 million more.

Novadaq Technologies Inc. (NASDAQ:NVDQ) Ratings Coverage

Out of 4 analysts covering Novadaq Technologies Inc (NASDAQ:NVDQ), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Novadaq Technologies Inc has been the topic of 6 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The stock of Novadaq Technologies Inc. (NASDAQ:NVDQ) earned “Mkt Outperform” rating by JMP Securities on Wednesday, January 6. First Analysis upgraded the shares of NVDQ in a report on Thursday, October 29 to “Overweight” rating. Wedbush initiated Novadaq Technologies Inc. (NASDAQ:NVDQ) rating on Wednesday, October 7. Wedbush has “Outperform” rating and $15 price target.

According to Zacks Investment Research, “Novadaq Technologies Inc. develops, manufactures and markets real-time fluorescence imaging products for use in the operating room and other clinical settings. The company’s key markets include plastic reconstructive, gastrointestinal, cardiac and general surgery. It provides SPY imaging systems which enables surgeons to the visualize blood flow in vessels, co-joined vessels and micro-vessels. Novadaq Technologies Inc. is headquartered in Mississauga, Canada.”

More recent Novadaq Technologies Inc. (NASDAQ:NVDQ) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on March 05, 2012. Also Globenewswire.com published the news titled: “NOVADAQ and Arthrex Announce Co-Marketing Agreement for PINPOINT Fluorescence …” on October 01, 2015. Seekingalpha.com‘s news article titled: “Novadaq Technologies Growing, But The Market Doesn’t Care” with publication date: July 15, 2016 was also an interesting one.

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