Semiconductor Manufacturing Stocks Q2 Highlights Marvell Technology
| NVMI Stock | USD 172.39 2.14 1.23% |
Under 62% of Nova's investor base is looking to short. The analysis of overall sentiment of trading Nova stock suggests that many investors are alarmed at this time. Nova's investing sentiment shows overall attitude of investors towards Nova.
Nova |
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the semiconductor manufacturing stocks, including Marvell Technology and its peers.
Read at finance.yahoo.com
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Nova Fundamental Analysis
We analyze Nova's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
Nova is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Nova Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nova stock to make a market-neutral strategy. Peer analysis of Nova could also be used in its relative valuation, which is a method of valuing Nova by comparing valuation metrics with similar companies.
Peers
Nova Related Equities
| INTT | InTest | 7.44 | ||||
| VECO | Veeco Instruments | 1.84 | ||||
| AXTI | AXT | 0.99 | ||||
| COHU | Cohu | 0.50 | ||||
| IPGP | IPG Photonics | 0.23 | ||||
| UCTT | Ultra Clean | 0.21 | ||||
| ENTG | Entegris | 0.53 | ||||
| ONTO | Onto Innovation | 1.14 | ||||
| ACLS | Axcelis Technologies | 1.26 | ||||
| ICHR | Ichor Holdings | 1.44 | ||||
| KLIC | Kulicke | 3.24 | ||||
| ASYS | Amtech Systems | 3.95 |
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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