Nova Cannabis Stock Today
| NVACF Stock | USD 0.81 0.02 2.41% |
Performance0 of 100
| Odds Of DistressOver 65
|
Nova Cannabis is trading at 0.81 as of the 8th of June 2024. This is a -2.41 percent down since the beginning of the trading day. The stock's lowest day price was 0.81. Nova Cannabis has more than 65 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Nova Cannabis are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of May 2024 and ending today, the 8th of June 2024. Click here to learn more.
Nova Cannabis Inc. engages in the operation of retail cannabis stores with a focus on the recreational-use cannabis market in Canada. As of March 31, 2022, the company operated 78 cannabis stores in Alberta, Ontario, and Saskatchewan. Nova Cannabis operates under Pharmaceutical Retailers classification in the United States and is traded on OTC Exchange. The company has 57.15 M outstanding shares. More on Nova Cannabis
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Nova OTC Stock Highlights
| Business Concentration | Pharmaceutical Retailers, Healthcare (View all Sectors) |
Nova Cannabis [NVACF] is traded as part of a regulated electronic over-the-counter service offered by the NASD. The company currently falls under 'Micro-Cap' category with a current market capitalization of 35.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova Cannabis's market, we take the total number of its shares issued and multiply it by Nova Cannabis's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nova Cannabis classifies itself under Healthcare sector and is part of Pharmaceutical Retailers industry. The entity has 57.15 M outstanding shares.
Nova Cannabis has accumulated about 6.22 M in cash with (9.98 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11.
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Ownership AllocationNova Cannabis holds a total of 57.15 Million outstanding shares. Nova Cannabis secures majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 62.72 % of Nova Cannabis outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
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Nova Cannabis Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nova Cannabis market risk premium is the additional return an investor will receive from holding Nova Cannabis long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nova Cannabis. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nova Cannabis' alpha and beta are two of the key measurements used to evaluate Nova Cannabis' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.41 | |||
| Standard Deviation | 3.48 | |||
| Variance | 12.11 | |||
| Risk Adjusted Performance | (0.12) |
Nova Stock Against Markets
Picking the right benchmark for Nova Cannabis otc stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nova Cannabis otc stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nova Cannabis is critical whether you are bullish or bearish towards Nova Cannabis at a given time. Please also check how Nova Cannabis' historical prices are related to one of the top price index indicators.
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Other Information on Investing in Nova OTC Stock
Nova Cannabis financial ratios help investors to determine whether Nova OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nova with respect to the benefits of owning Nova Cannabis security.