At the time of writing, Nova Ltd [NVMI] stock is trading at $219.71, up 1.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NVMI shares have gain 11.56% over the last week, with a monthly amount glided 12.57%, 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 January 06, 2025, when Citigroup upgraded its rating to a Buy and also boosted its price target to $240 from $226. Previously, Citigroup downgraded its rating to Neutral on September 16, 2024, and dropped its price target to $224. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $240 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $210 on April 16, 2024. Needham downgraded its rating to a Hold. Jefferies started tracking with a Buy rating for this stock on April 21, 2023, and assigned it a price target of $115. In a note dated January 10, 2022, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $150 to $160.
For the past year, the stock price of Nova Ltd fluctuated between $129.11 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 $219.71 at the most recent close of the market. An investor can expect a potential return of 1.95% based on the average NVMI price forecast.
Analyzing the NVMI fundamentals
According to Nova Ltd [NASDAQ:NVMI], the company’s sales were 611.85M for trailing twelve months, which represents an 38.95% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
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 214.37 points at the first support level, and at 209.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 222.52, and for the 2nd resistance point, it is at 225.32.
Ratios To Look Out For
It is important to note that Nova Ltd [NASDAQ:NVMI] has a current ratio of 2.44. Also, the Quick Ratio is 2.00, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 10.43, the price to book ratio is 7.04 and price to earnings (TTM) ratio is 41.25.
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.
