Nova Stock Buy Hold or Sell Recommendation
| NVMI Stock | USD 252.45 2.02 0.81% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Nova is 'Strong Hold'. The recommendation algorithm takes into account all of Nova's available fundamental, technical, and predictive indicators you will find on this site.
Check out Nova Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide. In addition, we conduct extensive research on individual companies such as Nova and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Nova |
Execute Nova Buy or Sell Advice
The Nova recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nova. Macroaxis does not own or have any residual interests in Nova or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nova's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Nova Trading Alerts and Improvement Suggestions
| Nova appears to be risky and price may revert if volatility continues | |
| Nova is unlikely to experience financial distress in the next 2 years | |
| Nova has a strong financial position based on the latest SEC filings | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Nova Ltd Shares Gap Down to 259.15 on Feb 25 |
Nova Returns Distribution Density
The distribution of Nova's historical returns is an attempt to chart the uncertainty of Nova's future price movements. The chart of the probability distribution of Nova daily returns describes the distribution of returns around its average expected value. We use Nova price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nova returns is essential to provide solid investment advice for Nova.
| Mean Return | 0.57 | Value At Risk | -3.36 | Potential Upside | 5.08 | Standard Deviation | 2.97 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nova historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nova Stock Institutional Investors
| Shares | Millennium Management Llc | 2024-12-31 | 326.1 K | Arrowstreet Capital Limited Partnership | 2024-09-30 | 310.8 K | Y.d. More Investments Ltd | 2024-12-31 | 296.3 K | Congress Asset Management Company, Llp | 2024-12-31 | 251.9 K | Phoenix Financial Ltd | 2024-09-30 | 240 K | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 205.7 K | Goldman Sachs Group Inc | 2024-12-31 | 199.7 K | Two Sigma Advisers, Llc | 2024-12-31 | 182.4 K | Needham Investment Management, Llc | 2024-09-30 | 169.8 K | Fmr Inc | 2024-12-31 | 2.7 M | Wasatch Advisors Lp | 2024-12-31 | 2.4 M |
Nova Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | (16.3M) | (18.5M) | (29.3M) | (26M) | (23.9M) | (22.7M) | |
| Change In Cash | 200.6M | (105.6M) | (15.0M) | (4.1M) | 50.2M | 52.7M | |
| Free Cash Flow | 53.8M | 127.4M | 98.2M | 106.3M | 218.1M | 229.0M | |
| Depreciation | 9.7M | 8.9M | 14.7M | 16.2M | 17.4M | 18.2M | |
| Other Non Cash Items | (716K) | 5.2M | 7.5M | 6.3M | 22.3M | 23.5M | |
| Capital Expenditures | 6.4M | 4.8M | 21.3M | 17.2M | 17.2M | 18.1M | |
| Net Income | 47.9M | 93.1M | 140.2M | 136.3M | 183.8M | 193.0M | |
| End Period Cash Flow | 232.3M | 126.7M | 111.7M | 107.6M | 157.8M | 165.7M | |
| Investments | (42.5M) | (233.7M) | (100.3M) | (128.5M) | (136.4M) | (129.6M) | |
| Change To Netincome | 4.6M | 5.4M | 11.5M | 22.8M | 26.3M | 27.6M |
Nova Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nova or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nova's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nova stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.56 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 3.00 | |
Ir | Information ratio | 0.19 |
Nova Volatility Alert
Nova currently demonstrates below-average downside deviation. It has Information Ratio of 0.19 and Jensen Alpha of 0.56. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nova's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nova's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nova Fundamentals Vs Peers
Comparing Nova's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nova's direct or indirect competition across all of the common fundamentals between Nova and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nova or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nova's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nova by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nova to competition |
| Fundamentals | Nova | Peer Average |
| Return On Equity | 0.22 | -0.31 |
| Return On Asset | 0.0929 | -0.14 |
| Profit Margin | 0.27 % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 7.24 B | 16.62 B |
| Shares Outstanding | 29.28 M | 571.82 M |
| Shares Owned By Insiders | 0.11 % | 10.09 % |
| Shares Owned By Institutions | 78.27 % | 39.21 % |
| Number Of Shares Shorted | 1.04 M | 4.71 M |
| Price To Earning | 51.86 X | 28.72 X |
| Price To Book | 8.18 X | 9.51 X |
| Price To Sales | 10.90 X | 11.42 X |
| Revenue | 672.4 M | 9.43 B |
| Gross Profit | 387.09 M | 27.38 B |
| EBITDA | 233.67 M | 3.9 B |
| Net Income | 183.76 M | 570.98 M |
| Cash And Equivalents | 364.31 M | 2.7 B |
| Cash Per Share | 12.70 X | 5.01 X |
| Total Debt | 236.1 M | 5.32 B |
| Debt To Equity | 0.47 % | 48.70 % |
| Current Ratio | 4.98 X | 2.16 X |
| Book Value Per Share | 31.69 X | 1.93 K |
| Cash Flow From Operations | 235.27 M | 971.22 M |
| Short Ratio | 4.57 X | 4.00 X |
| Earnings Per Share | 5.75 X | 3.12 X |
| Target Price | 285.16 | |
| Number Of Employees | 1.18 K | 18.84 K |
| Beta | 1.43 | -0.15 |
| Market Capitalization | 7.33 B | 19.03 B |
| Total Asset | 1.39 B | 29.47 B |
| Retained Earnings | 798.14 M | 9.33 B |
| Working Capital | 513.72 M | 1.48 B |
| Current Asset | 149.98 M | 9.34 B |
Note: Discretionary transaction by Marxe Austin W Greenhouse David M of tradable shares of Nova subject to Rule 16b-3 [view details]
Nova Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nova . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Nova Buy or Sell Advice
When is the right time to buy or sell Nova? Buying financial instruments such as Nova Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Nova in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Defense Thematic Idea Now
Defense
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Defense theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Defense Theme or any other thematic opportunities.
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Check out Nova Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Semiconductors & Semiconductor Equipment space 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 0.298 | Earnings Share 5.75 | Revenue Per Share | Quarterly Revenue Growth 0.451 | Return On Assets |
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.