Exploring NASDAQ:NVMI's growth characteristics.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if NOVA LTD (NASDAQ:NVMI) is suited for growth investing. Investors should of course do their own research, but we spotted NOVA LTD showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• In the most recent financial report, NOVA LTD reported a 51.89% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The recent q2q revenue growth of 27.84% of NOVA LTD showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• NOVA LTD has achieved 33.09% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• NOVA LTD exhibits a strong Return on Equity (ROE) of 18.25%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• NOVA LTD has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 88.44 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. NOVA LTD is well-positioned for potential price growth opportunities.
• With a current Debt-to-Equity ratio at 0.0, NOVA LTD showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With institutional shareholders at 76.55%, NOVA LTD demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Insights from Technical Analysis

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

We assign a technical rating of 4 out of 10 to NVMI. Although NVMI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• Looking at the yearly performance, NVMI did better than 88% of all other stocks. On top of that, NVMI also shows a nice and consistent pattern of rising prices.
• NVMI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 88% of 108 stocks in the same industry.
• NVMI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVMI is lagging the market slightly.
• The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
• In the last month NVMI has a been trading in the 186.79 - 230.49 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

How does the complete fundamental picture look for NASDAQ:NVMI?

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

NVMI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. While NVMI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NVMI is not valued too expensively and it also shows a decent growth rate.

Our latest full fundamental report of NVMI contains the most current fundamental analsysis.

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

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.