- NVMI released its latest earnings report and the numbers say the bull case for NVMI has a solid foundation.
- The stock has lost close to a third of its value in 2022, but multiples are still higher than they’ve been in the past, which could be a problem.
- The stock has dropped for several reasons, but the charts suggest a reversal is in the cards with the stock having encountered support.
- NVMI is not without flaws and the macro environment is not favorable, but there’s more to like than not to like, suggesting long is the way to go.
For further details see:
Nova Is Still Pointing Up