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How to Buy Nova Stock

Nova Ltd

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.

Nova stock last closed at $228.90, down 1.66% from the previous day, and has increased 104.27% in one year. It has overperformed other stocks in the Semiconductor Equipment & Materials industry by 0.57 percentage points. Nova stock is currently +152.68% from its 52-week low of $90.59, and -5.77% from its 52-week high of $242.93.

At the moment, there are 29.03M NVMI shares outstanding. The market capitalization of NVMI is $6.64B. In the last 24 hours, 147,639 NVMI shares were traded.

How to Buy Nova Stock

Not sure how to invest in Nova stock? Here's how.
  1. Decide where to buy Nova stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Nova stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your details.
  4. Evaluate Nova stock: The Nova ticker symbol is NVMI. Is Nova stock a good investment? Should you buy shares of NVMI? How do NVMI's underlying business fundamentals look? Do top analysts think Nova is a good buy? Why has NVMI's stock price moved recently? (Hint: Our stock research tools can help you evaluate if NVMI is a good stock to buy).
  5. Make your NVMI trade: Decide if you will purchase NVMI shares at the current market price or use a limit order to purchase NVMI stock at a specific price.
  6. Monitor your NVMI position: Create a watchlist to keep track of your new investment in Nova shares.

Step 1: Decide where to buy Nova stock

You need a brokerage account in order to access the NASDAQ market and buy NVMI shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen your brokerage, you'll need to fill out some personal details so you can invest in NVMI stock today.

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Step 3: Put funds into your brokerage account

Now that you have created your account on app for investing, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of transferring funds into your investment account.

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Step 4: Evaluate Nova stock

Once you have selected the best place to buy Nova stock, it's critical to research their stock prior to investing, so you can wrap your head around the risk as well as the upside.

Nova Metrics

NVMI Price
$228.90
1w %
-3.82%
1y %
104.27%
5y %
795.19%
P/E
47.79x
P/B
8.39x
P/S
12.6x
PEG
5.35x
Revenue
$527.53M
Earnings
$138.54M
Fore. Rev. Growth
14.27%
Fore. Earn. Growth
8.93%
Market Cap
$6.64B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

Nova Fundamentals

WallStreetZen was designed to help average investors do better fundamental analysis.

You can view all of the due diligence checks on NVMI's stock page.

How is NVMI stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge NVMI's true value.

Using relative valuations ratios:

  • NVMI may be overvalued based on its P/E ratio of 47.79x, relative to Semiconductor Equipment & Materials industry P/E ratio of 41.94x
  • NVMI could be undervalued based on its P/B ratio of 8.39x, relative to Semiconductor Equipment & Materials industry P/B ratio of 13.11x
  • NVMI may be overvalued based on its PEG ratio of 5.35x

You can do more valuation research on NVMI's stock here.

Is NVMI a healthy company?

Signs that NVMI is financially healthy:

  • There are more short-term assets than short-term liabilities on the NVMI balance sheet.
  • There are more short-term assets than long-term liabilities on the NVMI balance sheet.
  • NVMI profit margin has gone up from 24.7% to 26.3% in the past year.
  • NVMI earnings of $157.45M is not enough to cover its interest payments.
  • NVMI's operating cash flow of $159.90M allows it to safely service it's debt of $242.89M.

Signs that NVMI is not financially healthy:

  • Total NVMI debt is higher than 5 years ago, relative to shareholder equity.
  • NVMI has a relatively high debt to equity ratio of 0.5.

Is Nova stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 4 Wall Street analysts who monitor NVMI, the consensus analyst rating on Nova is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Nova stock forecast page.

NVMI Technicals

SMA10
232.16
SMA20
223.02
SMA50
197.88
SMA100
183.29
SMA200
151.41
MACD
10.69
MACD Signal
10.89
MACD Histogram
-0.2
RSI
60.98
Stochastic %K
78.07
Stochastic %D
86.62
StochRSI %K
48.69
StochRSI %D
75.12

NVMI Earnings

Last year, NVMI earnings were $138.54M. During the past 5 year, NVMI's earnings have increased by 22.88% per year. This was faster than the Semiconductor Equipment & Materials industry average of 19.51%.

Last year, NVMI revenue was $527.53M. During the last 5 year, NVMI's revenue has grown by 16.56% per year. This was faster than the Semiconductor Equipment & Materials industry average of 14.67%.

Learn more about NVMI's earnings and revenue performance here.

Are NVMI insiders buying or selling the stock?

Over the past 12 months, executives and large shareholders at NVMI have not bought or sold any shares.

Learn more about who owns NVMI stock here.

Can I rely on NVMI as an income stream?

No, Nova doesn't provide an income stream by paying out dividends.

NVMI Social Trading Data

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Make your NVMI trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price, use a limit order.

Click the Open button and your broker will execute the order.

If you need additional help investing in stocks on eToro, watch the helpful video below:

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Step 6: Monitor your NVMI position

Now that you own some NVMI shares, you'll want to stay up-to-date on your new shares.

Put NVMI on a watchlist to track your NVMI stock.

NVMI Feed

How to Buy Stock in Nova

To reiterate, here are the 6 steps to buy Nova stock:

  1. Decide where to buy Nova stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Nova stock
  5. Make your NVMI trade
  6. Monitor your NVMI position

If you require a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest scoop on your new investment in Nova, create a watchlist on WallStreetZen today.

NASDAQ: NVMI
$228.90-3.87 (-1.66%)
Updated Jun 21, 2024
Open eToro Account
NASDAQ: NVMI
$228.90-3.87 (-1.66%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nova share?

As of Jun 21, 2024, it costs $228.90 to buy one share of Nova stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.437 shares of NVMI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nova stock?

According to 4 Wall Street analysts who monitor Nova, their consensus recommendation is to buy Nova stock.

What is the best way to buy Nova stock?

One way to place an order for Nova stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.