Nova Ltd (NASDAQ: NVMI) has reported earnings for its third fiscal quarter (ending September 30) of $1.76 versus $1.17 for the same period a year ago — an increase of 50%. For the latest four quarters through September 30, E.P.S. were $5.89 versus $4.68 for the same period a year ago — an increase of 26%.
Recent Price Action
Nova Ltd (NASDAQ: NVMI) stock enjoyed a very large increase of 7.9% on 11/7/24. The shares closed at $206.37. Moreover, trading volume in this advance was exceptionally high at 210% of normal. The stock has risen 4.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NVMI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nova has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Nova has a slightly negative Appreciation Score of 32 but a good Power Rating of 76, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment