Nova Stock Today
| NVMI Stock | USD 167.34 2.56 1.51% |
Performance8 of 100
| Odds Of DistressLess than 10
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Nova is trading at 167.34 as of the 1st of May 2024. This is a -1.51% down since the beginning of the trading day. The stock's open price was 169.9. Nova has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Nova are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of May 2022 and ending today, the 1st of May 2024. Click here to learn more.
Business Domain Semiconductors & Semiconductor Equipment | IPO Date 7th of April 2000 | Category Technology | Classification Information Technology |
Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. The company was incorporated in 1993 and is headquartered in Rehovot, Israel. The company has 29.02 M outstanding shares of which 1.24 M shares are now shorted by private and institutional investors with about 9.73 trading days to cover. More on Nova
Moving together with Nova Stock
| 0.79 | FORM | FormFactor | PairCorr |
| 0.72 | MTSI | MACOM Technology Sol Earnings Call Tomorrow | PairCorr |
Moving against Nova Stock
| 0.65 | MX | MagnaChip Semiconductor | PairCorr |
| 0.64 | U | Unity Software Aggressive Push | PairCorr |
| 0.55 | G | Genpact Limited Earnings Call Next Week | PairCorr |
| 0.47 | KE | Kimball Electronics Earnings Call This Week | PairCorr |
| 0.46 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.43 | POWI | Power Integrations Financial Report 2nd of May 2024 | PairCorr |
Nova Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nova's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nova or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of the Board | Micha Brunstein | ||||
| Thematic Ideas | (View all Themes) | ||||
| Business Concentration | Semiconductors & Semiconductor Equipment, Information Technology, Tel Aviv 35, Measuring and Control Equipment, Tech Growth, Information Technology, Semiconductors & Semiconductor Equipment, Semiconductor Equipment & Materials, Technology (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Nova report their recommendations after researching Nova's financial statements, talking to executives and customers, or listening in on Nova's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Nova. The Nova consensus assessment is calculated by taking the average forecast from all of the analysts covering Nova. | |||||
Nova's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nova's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nova's financial leverage. It provides some insight into what part of Nova's total assets is financed by creditors.
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Nova (NVMI) is traded on NASDAQ Exchange in USA. It is located in 5 David Fikes Street, Rehovot, Israel, 7632805 and employs 1,202 people. Nova is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.05 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova's market, we take the total number of its shares issued and multiply it by Nova's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nova conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 29.02 M outstanding shares of which 1.24 M shares are now shorted by private and institutional investors with about 9.73 trading days to cover.
Nova currently holds about 364.31 M in cash with 126.75 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.7.
Check Nova Probability Of Bankruptcy
Ownership AllocationNova holds a total of 29.02 Million outstanding shares. The majority of Nova outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Nova to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Nova. Please pay attention to any change in the institutional holdings of Nova as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Nova Ownership Details
Nova Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Nova jumping above the current price in 90 days from now is about 53.16%. The Nova probability density function shows the probability of Nova stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.5515. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nova will likely underperform. Additionally, nova has an alpha of 0.1769, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Nova to move above the current price in 90 days from now is about 53.16 (This Nova probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) .
Nova Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Nova that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nova's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nova's value.| Instituion | Recorded On | Shares | |
| Capital World Investors | 2023-12-31 | 368.5 K | |
| Arrowstreet Capital Limited Partnership | 2023-12-31 | 339 K | |
| Phoenix Holdings Ltd | 2023-12-31 | 326.4 K | |
| American Century Companies Inc | 2023-12-31 | 319.7 K | |
| Abrdn Plc | 2023-12-31 | 294.3 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 284.1 K | |
| Loomis, Sayles & Company Lp | 2023-12-31 | 272.2 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 261.9 K | |
| Citigroup Inc | 2023-12-31 | 248.1 K | |
| Wasatch Advisors Lp | 2023-12-31 | 3.1 M | |
| Fmr Inc | 2023-12-31 | 2.4 M |
Nova Historical Income Statement
Nova Income Statement is one of the three primary financial statements used for reporting Nova's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nova revenue and expense. Nova Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Nova's Other Operating Expenses is increasing as compared to previous years. The Nova's current Operating Income is estimated to increase to about 138.9 M, while Interest Expense is projected to decrease to under 1.2 M. View More FundamentalsNova Stock Against Markets
Picking the right benchmark for Nova stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nova stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nova is critical whether you are bullish or bearish towards Nova at a given time. Please also check how Nova's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nova without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nova Corporate Directors
Nova corporate directors refer to members of a Nova board of directors. The board of directors generally takes responsibility for the Nova's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nova's board members must vote for the resolution. The Nova board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Avi Cohen | Director | Profile | |
| Alon Dumanis | Director | Profile | |
| Miron Kenneth | Director | Profile | |
| Raanan Cohen | Director | Profile |
How to buy Nova Stock?
Before investing in Nova, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nova. To buy Nova stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nova. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nova stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nova stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nova stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nova, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nova Stock please use our How to Invest in Nova guide.
Already Invested in Nova?
The danger of trading Nova is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nova is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nova. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nova is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Nova Stock analysis
When running Nova's price analysis, check to measure Nova's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova is operating at the current time. Most of Nova's value examination focuses on studying past and present price action to predict the probability of Nova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova's price. Additionally, you may evaluate how the addition of Nova to your portfolios can decrease your overall portfolio volatility.
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Is Nova's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.043 | Earnings Share 4.29 | Revenue Per Share 17.966 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0781 |
The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova's market value can be influenced by many factors that don't directly affect Nova's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.