Published on 31 Mar 2024 on Simply Wall St. via Yahoo Finance
NVE Corporation's (NASDAQ:NVEC) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that NVE's (NASDAQ:NVEC) stock increased significantly by 15% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Specifically, we decided to study NVE's ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for NVE