The stock of Nova Ltd (NVMI) has seen a -1.03% decrease in the past week, with a -6.91% drop in the past month, and a 12.97% flourish in the past quarter. The volatility ratio for the week is 4.33%, and the volatility levels for the past 30 days are at 3.46% for NVMI. The simple moving average for the last 20 days is -3.18% for NVMI’s stock, with a simple moving average of 25.60% for the last 200 days.
Is It Worth Investing in Nova Ltd (NASDAQ: NVMI) Right Now?
Nova Ltd (NASDAQ: NVMI) has a higher price-to-earnings ratio of 39.45x compared to its average ratio, The 36-month beta value for NVMI is at 1.40. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NVMI is 29.01M, and currently, shorts hold a 4.11% of that float. The average trading volume for NVMI on April 24, 2024 was 159.39K shares.
NVMI) stock’s latest price update
Nova Ltd (NASDAQ: NVMI)’s stock price has soared by 0.11 in relation to previous closing price of 168.18. Nevertheless, the company has seen a loss of -1.03% in its stock price over the last five trading days. PRNewsWire reported 2024-04-11 that Conference call to be held on the same day at 8:30 a.m. Eastern Time REHOVOT, Israel, April 11, 2024 /PRNewswire/ — Nova (Nasdaq: NVMI) a leading innovator and a key provider of metrology solutions for advanced process control used in semiconductor manufacturing, today announced that it expects to release its financial results for the first quarter of 2024 before the Nasdaq market opens on Thursday, May 9, 2024.
Analysts’ Opinion of NVMI
Many brokerage firms have already submitted their reports for NVMI stocks, with Evercore ISI repeating the rating for NVMI by listing it as a “Outperform.” The predicted price for NVMI in the upcoming period, according to Evercore ISI is $210 based on the research report published on April 16, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to NVMI, setting the target price at $115 in the report published on April 21st of the previous year.
NVMI Trading at -2.35% from the 50-Day Moving Average
After a stumble in the market that brought NVMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.62% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 4.33%, as shares sank -5.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.03% upper at present.
During the last 5 trading sessions, NVMI fell by -0.15%, which changed the moving average for the period of 200-days by +51.15% in comparison to the 20-day moving average, which settled at $173.44. In addition, Nova Ltd saw 22.55% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NVMI
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.57 for the gross margin
The net margin for Nova Ltd stands at 0.26. The total capital return value is set at 0.16. Equity return is now at value 20.38, with 12.85 for asset returns.
Based on Nova Ltd (NVMI), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -61.32.
Currently, EBITDA for the company is 142.61 million with net debt to EBITDA at 0.93. When we switch over and look at the enterprise to sales, we see a ratio of 9.72. The receivables turnover for the company is 4.66for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
In conclusion, Nova Ltd (NVMI) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
