Potential Catalyst For Gains In Nova Measuring Instruments Ltd. (NVMI), Farmland Partners Inc. (FPI)

The price of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) went down by $-0.07 now trading at $28.02. Their shares witnessed a 34.52% increase from the 52-week low price of $20.83 they recorded on 2018-10-29. Even though it is still -14.2% behind the $32 high touched on 2018-06-05. The last few days have been good for the stock, as its price has grew by 0.07% during the week. It has also performed better over the past three months, as it added around 23.06% while it has so far retreated around -2.23% during the course of a year. The stock of NVMI recorded 23% uptrend from the beginning of this year till date. The 12-month potential price target for Nova Measuring Instruments Ltd. is set at $31.33. This target means that the stock has an upside potential to increase by 11.81% from the current trading price.

14 institutions entered new Nova Measuring Instruments Ltd. (NASDAQ:NVMI) positions, 38 added to their existing positions in these shares, 28 lowered their positions, and 9 exited their positions entirely.

Nova Measuring Instruments Ltd. (NVMI) trade volume has decreased by -23.84% as around 68,563 shares were sold when compared with its 50-day average volume of traded shares which is 90,022. At the moment, NVMI is witnessing a uptrend, as it is trading 7.89% above its 20-day SMA, 11.12% above its 50-day SMA, and 10.65% above its 200-day SMA. The company runs an ROE of roughly 20.8%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the 36.7% increase witnessed over the past five years.

The first technical resistance point for Nova Measuring Instruments Ltd. (NASDAQ:NVMI) will likely come at $28.32, marking a 1.06% premium to the current level. The second resistance point is at $28.61, about 2.06% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $27.37, the lower end of the range. NVMI’s 14-day MACD is 1.18 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 72.1, which shows that its stock has been overbought. The 20-day historical volatility for the stock stands at 22.44 percent, which is high when compared to that of the 50-day’s 21.77 percent.

The shares of Farmland Partners Inc. (NYSE:FPI) has decreased by -1.8%, and now trading at $6.54 on the Wall Street in the intra-day deal, with their shares traded now around 122,100. This is a decline of -87,212 shares over the average 209,312 shares that were traded daily over the last three months. The stock that is trading at $6.54 went higher by 46.97% from its 52-week low of $4.45 that it attained back on 2018-12-31. The stock recorded a 52-week high of $9.19 nearly 299 days ago on 2018-06-21.

FPI stock has performed well over the past 30 days, as it added 5.83% while its price climbed by 44.05% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 0.62% over the last week. The stock’s 12-month potential target price is now at $7. This means that the stock price might likely increase by 7.03% from its current trading price. 1 out of 4 Wall Street analysts which represents 25% rated the stock as a buy while the remaining 75% rated it as a hold, with 0% of analysts rating it as a sell.

Farmland Partners Inc. (NYSE:FPI) has been utilizing an ROE that is roughly -0.1%, with stock analysts predicting that the company’s EPS for the next five years will go down by 0% per year, following the -31% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 1.85% above its 20-day SMA, 12.02% above its 50-day SMA, and 3.42% above its 200-day SMA. In percentage terms, the aggregate Farmland Partners Inc. shares held by institutional investors is 47.1%. 30 institutions jumped in to acquire Farmland Partners Inc. (FPI) fresh stake, 59 added to their current holdings in these shares, 54 lowered their positions, and 18 left no stake in the company.

The stock’s 9-day MACD is 0.07 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 56.49, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 30.64 percent, which is less when compared to that of the 50-day’s 40.01 percent. On the daily chart, we see that the stock could reach the first level of resistance at $6.69, sporting a 2.24% premium to the current level. The next resistance point is at $6.84, representing nearly 4.39% premium to the current market price of Farmland Partners Inc. (FPI). On the other hand, failure to breach the immediate hurdles can drag it down to $6.34, the lower end of the range.