A share price of Nova Ltd [NVMI] is currently trading at $203.15, up 2.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NVMI shares have gain 2.78% over the last week, with a monthly amount glided 13.01%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nova Ltd [NASDAQ: NVMI] stock has seen the most recent analyst activity on September 16, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $224 from $273. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $240. On April 16, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $210 on the stock. Needham downgraded its rating to a Hold. Jefferies initiated its recommendation with a Buy and recommended $115 as its price target on April 21, 2023. BofA Securities reiterated a Buy rating for this stock on January 10, 2022, and upped its price target to $160. In a note dated September 17, 2021, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $120 to $125.
Nova Ltd experienced fluctuations in its stock price throughout the past year between $128.74 and $247.21. Currently, Wall Street analysts expect the stock to reach $224 within the next 12 months. Nova Ltd [NASDAQ: NVMI] shares were valued at $203.15 at the most recent close of the market. An investor can expect a potential return of 10.26% based on the average NVMI price forecast.
Analyzing the NVMI fundamentals
Trailing Twelve Months sales for Nova Ltd [NASDAQ:NVMI] were 611.85M which represents 38.95% growth. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.21 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 200.31 points at the first support level, and at 197.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.19, and for the 2nd resistance point, it is at 207.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nova Ltd [NASDAQ:NVMI] is 2.44. As well, the Quick Ratio is 2.00, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 9.64, the price to book ratio is 6.51 and price to earnings (TTM) ratio is 38.14.
Transactions by insiders
Recent insider trading involved Sagiv Sarit, Director, that happened on Dec 10 ’24 when 804.0 shares were purchased. Officer, Wilson Adrian Stuart completed a deal on Dec 09 ’24 to buy 3400.0 shares. Meanwhile, Officer David Dror bought 1685.0 shares on Dec 04 ’24.
