Nova Ltd (NASDAQ: NVMI) is 47.86% higher on its value in year-to-date trading and has touched a low of $128.74 and a high of $247.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NVMI stock was last observed hovering at around $199.17 in the last trading session, with the day’s gains setting it 3.98%.
Currently trading at $203.15, the stock is 6.47% and 7.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 2.00% at the moment leaves the stock 1.78% off its SMA200. NVMI registered 50.19% gain for a year compared to 6-month loss of -11.87%. The firm has a 50-day simple moving average (SMA 50) of $189.0694 and a 200-day simple moving average (SMA200) of $199.4198.
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The stock witnessed a 13.01% gain in the last 1 month and extending the period to 3 months gives it a 1.26%, and is 2.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.86% over the week and 4.02% over the month.
Nova Ltd (NVMI) has around 1202 employees, a market worth around $6.02B and $611.85M in sales. Current P/E ratio is 38.14 and Fwd P/E is 26.82. Profit margin for the company is 28.01%. Distance from 52-week low is 57.80% and -17.82% from its 52-week high. The company has generated returns on investments over the last 12 months (18.16%).
with sales reaching $186.57M over the same period.The EPS is expected to grow by 34.88% this year, but quarterly earnings will post 28.26% year-over-year. Quarterly sales are estimated to grow 39.01% in year-over-year returns.
Nova Ltd (NVMI) Top Institutional Holders
The shares outstanding are 29.09M, and float is at 29.04M with Short Float at 3.98%.
The top institutional shareholder in the company is FMR LLC with over 2.9 million shares valued at $681.14 million. The investor’s holdings represent 10.0049% of the NVMI Shares outstanding. As of 2024-06-30, the second largest holder is WASATCH ADVISORS LP with 2.03 million shares valued at $476.28 million to account for 6.9954 of the shares outstanding. The other top investors are MENORA MIVTACHIM HOLDINGS LTD. which holds 1.29 million shares representing 4.4475% and valued at over $302.81 million, while MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. holds 4.1198 of the shares totaling 1.2 million with a market value of $280.49 million.
Nova Ltd (NVMI) Insider Activity
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Still, SEC filings show that on Dec 04 ’24, David Dror (Officer) Proposed Sale 1,685 shares at an average price of $188.91 for $0.32 million. The insider now directly holds shares of Nova Ltd (NVMI).
