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News Spotlight: NV5 Global (NASDAQ:NVEE)

NV5 Global (NASDAQ:NVEE) changed -1.80% to recent value of $55.63. The stock transacted 158333 shares during most recent day however it has an average volume of 199.35K shares. It spotted trading -35.01% off 52-week high price. On the other end, the stock has been noted 24.79% away from the low price over the last 52-weeks.

On Jan. 20, 2020, NV5 Global (NASDAQ:NVEE) a provider of professional and technical engineering and consulting solutions, revealed that Quantum Spatial (Quantum Spatial), an NV5 company, has been selected as prime contractor under the National Oceanic and Atmospheric Administration’s (NOAA) Shoreline Mapping contract. The $18.8 million contract to perform shoreline mapping services includes the collection and processing of topographic and bathymetric LiDAR data and aerial imagery and covers the North Carolina Coast, the Florida Panhandle, Guam, and portions of the Commonwealth of the Northern Mariana Islands.

As program manager, Quantum Spatial will be responsible for data acquisition, data processing, quality control, and data analytics.  The data acquired under this contract will be used by NOAA’s National Geodetic Survey Remote Sensing Division’s Coastal Mapping Program to update NOAA Nautical Charts following 2018 storm events, including Hurricane Florence, Hurricane Michael, and Typhoon Yutu.

The topobathy LiDAR data collected under this project will be critical to understanding coastal changes caused by Typhoon Yutu and Hurricanes Michael and Florence, and will ensure safe navigation by updating shorelines and near-shore features of nautical charts as well as supporting inundation modeling and mapping, said Mike Aslaksen, Chief of the Remote Sensing Division of NOAA’s National Geodetic Survey.  The data will also be available to the public via NOAA-hosted web access portals, once it is processed.

 NVEE has a gross margin of 47.70% and an operating margin of 7.10% while its profit margin remained 5.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 39.60% for this year while earning per share for the next 5-years is expected to reach at 20.00%.

 The company has 11.95M of outstanding shares and 9.76M shares were floated in the market. According to the most recent quarter its current ratio was 2.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 7.74% from the mean of 20 days, 8.92% from mean of 50 days SMA and performed -16.68% from mean of 200 days price. Company’s performance for the week was 4.82%, 20.26% for month and YTD performance remained 10.27%.

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