In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $168.18 in the prior trading day, Nova Ltd (NASDAQ: NVMI) closed at $166.57, down -0.96%. In other words, the price has decreased by -$0.96 from its previous closing price. On the day, 0.94 million shares were traded. NVMI stock price reached its highest trading level at $173.14 during the session, while it also had its lowest trading level at $164.835.
Ratios:
Our goal is to gain a better understanding of NVMI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $210.
On April 21, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $115.Jefferies initiated its Buy rating on April 21, 2023, with a $115 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVMI now has a Market Capitalization of 4878785536 and an Enterprise Value of 4634266112. As of this moment, Nova’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.03, and their Forward P/E ratio for the next fiscal year is 26.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.33 while its Price-to-Book (P/B) ratio in mrq is 6.44. Its current Enterprise Value per Revenue stands at 8.948 whereas that against EBITDA is 31.215.
Stock Price History:
Over the past 52 weeks, NVMI has reached a high of $190.51, while it has fallen to a 52-week low of $87.85. The 50-Day Moving Average of the stock is -3.40%, while the 200-Day Moving Average is calculated to be 24.26%.
Shares Statistics:
The stock has traded on average 159.39K shares per day over the past 3-months and 236730 shares per day over the last 10 days, according to various share statistics. A total of 29.01M shares are outstanding, with a floating share count of 29.01M. Insiders hold about 0.02% of the company’s shares, while institutions hold 84.95% stake in the company. Shares short for NVMI as of 1711584000 were 1190885 with a Short Ratio of 7.47, compared to 1709164800 on 1257852. Therefore, it implies a Short% of Shares Outstanding of 1190885 and a Short% of Float of 4.61.
