Nova Stock Quote Today

NVMI
 Stock
  

USD 83.71  1.34  1.63%   

Market Performance
0 of 100
Odds Of Distress
Less than 2
Nova is trading at 83.71 as of the 29th of November 2022. This is a 1.63 percent up since the beginning of the trading day. The stock's open price was 82.37. Nova has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Nova are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of January 2021 and ending today, the 29th of November 2022. Click here to learn more.
CUSIP
M7516K103
Fiscal Year End
December
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 28.5 M outstanding shares of which 800.4 K shares are now shorted by private and institutional investors with about 5.28 trading days to cover. More on Nova

Moving together with Nova

+0.64KLACK L A-Tencor Tech BoostPairCorr

Moving against Nova

-0.74AZPNAspen Technology Downward RallyPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

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.
Nova generated a negative expected return over the last 90 days
Nova is unlikely to experience financial distress in the next 2 years
Over 78.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Royal Bank of Canada Increases Sunnova Energy International Price Target to .00 - MarketBeat
CEO and PresEitan Oppenhaim
Thematic Ideas
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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.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Nova's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Nova (NVMI) is traded on NASDAQ Exchange in USA and employs 819 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 2.46 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 these looking for more risk prefer small-cap and mid-cap equities. Nova conducts business under Technology sector and is part of Semiconductor Equipment & Materials industry. The entity has 28.5 M outstanding shares of which 800.4 K shares are now shorted by private and institutional investors with about 5.28 trading days to cover. Nova currently holds about 364.31 M in cash with 110.89 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.7.
Check Nova Probability Of Bankruptcy
Ownership
Nova holds a total of 28.5 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 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.

Ownership Allocation (%)

Check Nova Ownership Details

Nova Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Nova jumping above the current price in 90 days from now is about 59.05%. 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 1.3129. 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, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Nova is significantly underperforming DOW.
  Odds Below 83.71HorizonTargetOdds Above 83.71
40.82%90 days
 83.71 
59.05%
Based on a normal probability distribution, the odds of Nova to move above the current price in 90 days from now is about 59.05 (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.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K551 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.4 K695 K
View Nova Diagnostics

Nova Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nova market risk premium is the additional return an investor will receive from holding Nova long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nova. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nova's alpha and beta are two of the key measurements used to evaluate Nova's performance over the market, the standard measures of volatility play an important role as well.

Nova 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.

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.

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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.

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 Shape 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.
Additionally, see Correlation Analysis. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Nova 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 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 YOY
0.078
Market Capitalization
2.4 B
Quarterly Revenue Growth YOY
0.28
Return On Assets
0.11
Return On Equity
0.25
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 Nova value 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.