Nova Ltd [NVMI] stock prices are up 9.60% to $269.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NVMI shares have gain 6.01% over the last week, with a monthly amount glided 17.51%, 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 13, 2025, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $275. Previously, Citigroup upgraded its rating to Buy on January 06, 2025, and elevated its price target to $240. On September 16, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $224 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $240 on May 13, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $210 as its price target on April 16, 2024. Needham downgraded its rating to Hold for this stock on June 14, 2023. In a note dated April 21, 2023, Jefferies initiated an Buy rating and provided a target price of $115 on this stock.
The stock price of Nova Ltd [NVMI] has been fluctuating between $151.34 and $266.13 over the past year. Currently, Wall Street analysts expect the stock to reach $224 within the next 12 months. Nova Ltd [NASDAQ: NVMI] shares were valued at $269.00 at the most recent close of the market. An investor can expect a potential drop of -16.73% based on the average NVMI price forecast.
Analyzing the NVMI fundamentals
The Nova Ltd [NASDAQ:NVMI] reported sales of 611.85M for trailing twelve months, representing a surge of 38.95%. 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 of0.27.
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 254.06 points at the first support level, and at 239.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 286.92, and for the 2nd resistance point, it is at 304.84.
Ratios To Look Out For
It’s worth pointing out that Nova Ltd [NASDAQ:NVMI]’s Current Ratio is 2.44. On the other hand, the Quick Ratio is 2.00, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 12.87, the price to book ratio is 8.62 and price to earnings (TTM) ratio is 50.51.
Transactions by insiders
Recent insider trading involved Sagiv Sarit, Director, that happened on Jan 16 ’25 when 400.0 shares were purchased. Director, Sagiv Sarit completed a deal on Dec 10 ’24 to buy 804.0 shares. Meanwhile, Officer Wilson Adrian Stuart bought 3400.0 shares on Dec 09 ’24.
