Is NV5 Global, Inc. (NASDAQ:NVEE) Valued Fairly At Current Levels?

Checking on the valuation of NV5 Global, Inc. (NASDAQ:NVEE) shares, we can focus on several ratios. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio. This formula was popularized by Peter Lynch and according to his calculations, a stock which is fairly valued will have a price to earnings ratio equal to its rate of growth. Simply put, a stock with a PEG ratio of 1 would be considered fairly valued. A stock with a ratio of under 1.0 would be undervalued and a stock with a PEG over 1.0 would be considered over valued. NV5 Global, Inc. currently has a PEG ratio of 1.32.

Stock market investors may be taking some time to review portfolio allocation. Rebalancing the portfolio may be necessary for some but not for others. Rebalancing the portfolio may help provide a strategy for when the market becomes highly volatile. This process may also help keep the investor buying low and selling high. Investors may also be looking at some different stocks to explore in the next few months. This may include reviewing some foreign markets or some new sectors that were previously not included in the stock portfolio. Completing all the necessary research is typically a good way to start building a more comprehensive pool of diversified stocks.    

NV5 Global, Inc. (NASDAQ:NVEE) currently has an average analyst recommendation of 1.80 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. The same analysts have a future one-year price target of $94.00 on the shares.

In addition to sell-side rational, we can also take a look at some technical indicators. The stock is currently 6.98% away from its 50-day simple moving average and 3.32% away from the 200 day average.

Based on a recent trade, the shares are -23.83% away from the 52-week high and 43.14% from the 52-week low.

The RSI (Relative Strength Index), which shows price strength by comparing upward and downward close to close movements.

An RSI approaching 70 is typically deemed to be nearing overbought status and could be ripe for a pullback. Alternatively an RSI nearing 30 indicates that the stock could be getting oversold and might be considered undervalued. The RSI for NV5 Global, Inc. (NASDAQ:NVEE) currently stands at 60.97.

NV5 Global, Inc. (NASDAQ:NVEE) has posted trailing 12 months earnings of $2.40 per share. The company has seen a change of 39.60% earnings per share this year. Analysts are predicting 17.57% for the company next year. The firm is yielding 6.50% return on assets and 9.10% return on equity.

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