Is NASDAQ:NVMI suited for CANSLIM investing?

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 earnings per share (EPS) of NOVA LTD have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 41.46% increase. This reflects the company's ability to improve its profitability over time.
• 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.
• The EPS of NOVA LTD has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• In terms of Return on Equity(ROE), NOVA LTD is performing well, achieving a 18.89% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• NOVA LTD has achieved an impressive Relative Strength (RS) rating of 91.61, 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.
• The ownership composition of NOVA LTD reflects a balanced investor ecosystem, with institutional shareholders owning 80.73%. This indicates a broader market participation and potential for increased trading liquidity.

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 10 out of 10. Both in the recent history as in the last year, NVMI has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that NVMI is one of the better performing stocks in the market, outperforming 91% of all 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 87% of 109 stocks in the same industry.
• 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.
• In the last month NVMI has a been trading in the 187.94 - 235.70 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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

Zooming in on the fundamentals.

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

NVMI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals 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. NVMI is growing strongly while it is still valued neutral. This is a good combination! This makes NVMI very considerable for growth investing!

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

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.