Nova Ltd [NASDAQ: NVMI] slipped around -1.71 points on Friday, while shares priced at $183.00 at the close of the session, down -0.93%.
Compared to the average trading volume of 292.14K shares, NVMI reached a trading volume of 122705 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Nova Ltd [NVMI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVMI shares is $255.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVMI stock is a recommendation set at 1.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Nova Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 13, 2025. While these analysts kept the previous recommendation, Citigroup raised their target price from $226 to $240. The new note on the price target was released on January 06, 2025, representing the official price target for Nova Ltd stock. Previously, the target price had yet another drop from $273 to $224, while Citigroup kept a Neutral rating on NVMI stock. On May 13, 2024, analysts increased their price target for NVMI shares from 200 to 240.
The Average True Range (ATR) for Nova Ltd is set at 8.76, with the Price to Sales ratio for NVMI stock in the period of the last 12 months amounting to 7.97. The Price to Book ratio for the last quarter was 5.77, with the Price to Cash per share for the same quarter was set at 20.02. Price to Free Cash Flow for NVMI in the course of the last twelve months was 24.59 with Quick ratio for the last quarter at 1.92.
How has NVMI stock performed recently?
Nova Ltd [NVMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.57. With this latest performance, NVMI shares dropped by -6.99% in over the last four-week period, additionally plugging by 3.41% over the last 6 months – not to mention a drop of -10.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVMI stock in for the last two-week period is set at 43.18, with the RSI for the last a single of trading hit 38.86, and the three-weeks RSI is set at 44.60 for Nova Ltd [NVMI]. The present Moving Average for the last 50 days of trading for this stock 189.77, while it was recorded at 186.19 for the last single week of trading, and 206.54 for the last 200 days.
Nova Ltd [NVMI]: Deeper insight into the fundamentals
Nova Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.92 and a Current Ratio set at 2.32.
Earnings analysis for Nova Ltd [NVMI]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nova Ltd go to 14.89%.
Insider trade positions for Nova Ltd [NVMI]
There are presently around $75.23%, or 75.23%% of NVMI stock, in the hands of institutional investors. The top three institutional holders of NVMI stocks are: FMR LLC with ownership of 2.9 million shares, which is approximately 9.9987%. WASATCH ADVISORS LP, holding 2.03 million shares of the stock with an approximate value of $$476.28 million in NVMI stocks shares; and WASATCH ADVISORS LP, currently with $$302.81 million in NVMI stock with ownership which is approximately 4.4448%.
