Exploring growth characteristics of NOVA LTD (NASDAQ:NVMI).

In this article we will dive into NOVA LTD (NASDAQ:NVMI) as a possible candidate for growth investing. Investors should always do their own research, but we noticed NOVA LTD showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• NOVA LTD has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 51.89% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• The q2q revenue growth of 27.84% of NOVA LTD highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• Over the past 3 years, NOVA LTD has demonstrated 33.09% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• NOVA LTD has a healthy Return on Equity(ROE) of 17.5%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• NOVA LTD has achieved an impressive Relative Strength (RS) rating of 96.48, showcasing its ability to outperform the broader market. This strong performance positions NOVA LTD as an attractive stock for potential price appreciation.
• With a Debt-to-Equity ratio at 0.0, NOVA LTD showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With 76.48% of the total shares held by institutional investors, NOVA LTD showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

In-Depth Technical Analysis of NASDAQ:NVMI

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall NVMI gets a technical rating of 6 out of 10. In the last year, NVMI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

• When comparing the yearly performance of all stocks, we notice that NVMI is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by NVMI over the past year are nicely spread over this period.
• NVMI is part of the Semiconductors & Semiconductor Equipment industry. There are 109 other stocks in this industry. NVMI outperforms 96% of them.
• NVMI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NVMI is performing more or less in line with the market.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
• The long and short term trends are both neutral. This gives a pretty neutral overall picture!
• In the last month NVMI has a been trading in the 158.00 - 242.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

For an up to date full technical analysis you can check the technical report of NVMI

Fundamental Analysis Observations

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Overall NVMI gets a fundamental rating of 5 out of 10. We evaluated NVMI against 109 industry peers in the Semiconductors & Semiconductor Equipment industry. NVMI has an excellent profitability rating, but there are some minor concerns on its financial health. While showing a medium growth rate, NVMI is valued expensive at the moment.

For an up to date full fundamental analysis you can check the fundamental report of NVMI

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.