NVEC - NVE Corporation: Not Enough To Get Excited About

2024-06-12 05:01:32 ET

Summary

• The charts show lots of action in the past 12 months with big moves in both directions, but not lately with NVEC staying flat.
• NVEC is different in how it seems to prioritize capital returns through dividends instead of growth, which is uncommon in tech.
• NVEC continues to struggle with sustained growth, which is arguably the biggest dealbreaker going against it.
• The stock could be worth buying if it gets back to the forties, but in the seventies there are not enough incentives to get in on NVEC.

NVE Corporation ( NVEC ), a developer of products based on spintronics, has seen its stock go flat in the past several weeks after an extended period of volatility saw the stock make big moves up and down. The stock price is currently in the seventies, which is a level it has visited numerous times before. It appears NVEC is consolidating after the recent volatility in the stock, reason why taking a closer look at NVEC may be worthwhile to get a gauge on how NVEC is doing. Why will be covered next.

NVEC has paused after lots of activity

A past article from February 2023 rated NVEC a hold, unlike an earlier one from July 2022 that rated NVEC a buy. The July 2022 article came up with the buy rating after taking note of, for instance, chart patterns, which suggested the stock had bottomed or was close to it. It also helped that NVEC was paying a very generous dividend yield to sweeten the offer....

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