High growth, ROE and relative strength for NASDAQ:NVMI, growth investors may appreciate this.

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.

• The quarterly earnings of NOVA LTD have shown a 41.46% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• With consistent quarter-to-quarter (Q2Q) revenue growth of 38.95%, NOVA LTD exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• 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 18.89%, 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 achieved an impressive Relative Strength (RS) rating of 85.26, showcasing its ability to outperform the broader market. This strong performance positions NOVA LTD as an attractive stock for potential price appreciation.
• Maintaining a Debt-to-Equity ratio of 0.0, NOVA LTD demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With 80.73% 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.

What is the technical picture of NASDAQ:NVMI telling us.

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.

Taking everything into account, NVMI scores 8 out of 10 in our technical rating. In the last year, NVMI was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

• The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
• When comparing the yearly performance of all stocks, we notice that NVMI is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by NVMI over the past year are nicely spread over this period.
• NVMI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 80% of 108 stocks in the same industry.
• In the last month NVMI has a been trading in the 168.03 - 207.64 range, which is quite wide. It is currently trading near the high of this range.
• NVMI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVMI is lagging the market.

Check the latest full technical report of NVMI for a complete technical analysis.

A complete fundamental analysis of NASDAQ:NVMI

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

NVMI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. NVMI has an excellent profitability rating, but there are some minor concerns on its financial health. NVMI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make NVMI a good candidate for growth investing.

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

More growth stocks can be found 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.