Analysts Set $4.75 Price Target for Novume Solutions Inc (NVMM)

Novume Solutions Inc (NASDAQ:NVMM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus target price of $4.75 for the company and are predicting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Novume Solutions an industry rank of 89 out of 255 based on the ratings given to related companies.

NVMM has been the topic of a number of research reports. Northland Securities initiated coverage on Novume Solutions in a report on Tuesday, July 10th. They issued an “outperform” rating and a $4.75 price objective on the stock. Zacks Investment Research downgraded Novume Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

Shares of NASDAQ:NVMM traded up $0.27 on Friday, hitting $1.87. The company had a trading volume of 18,218 shares, compared to its average volume of 12,871. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 0.94. Novume Solutions has a 52-week low of $1.12 and a 52-week high of $5.50.

Novume Solutions (NASDAQ:NVMM) last released its quarterly earnings data on Tuesday, August 14th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $12.34 million for the quarter, compared to the consensus estimate of $12.00 million. Novume Solutions had a negative return on equity of 210.88% and a negative net margin of 18.26%. On average, equities research analysts anticipate that Novume Solutions will post -0.29 EPS for the current fiscal year.

About Novume Solutions

Novume Solutions, Inc, through its subsidiaries, provides consulting and technical support services to government contracting market in the United States. It offers market intelligence and opportunity identification, capture and strategic advisory, proposal strategy and development, teaming support, and managed human capital services to assist government contractors.

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