Novan Inc Price on May 5, 2022

NOVNDelisted Stock  USD 0.03  0.01  33.46%   
If you're considering investing in Novan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novan stands at 0.03, as last reported on the 22nd of April, with the highest price reaching 0.04 and the lowest price hitting 0.03 during the day. We have found twenty-three technical indicators for Novan, which you can use to evaluate the volatility of the firm. Please verify Novan's Mean Deviation of 12.53, standard deviation of 20.61, and Risk Adjusted Performance of (0.03) to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Novan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Novan is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novan by adding Novan to a well-diversified portfolio.

Novan Valuation on May 5, 2022

It is possible to determine the worth of Novan on a given historical date. On May 5, 2022 Novan was worth 2.9 at the beginning of the trading date compared to the closed value of 2.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novan stock. Still, in general, we apply an absolute valuation method to find Novan's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novan's related companies.
 Open High Low Close Volume
  2.91    2.95    2.78    2.93    70,392  
05/05/2022
  2.90    2.90    2.73    2.80    101,479  
  2.73    2.74    2.60    2.64    86,693  
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Open Value
2.9
2.8
Closing Value
2.90
Upside

Novan Trading Date Momentum on May 5, 2022

On May 06 2022 Novan Inc was traded for  2.64  at the closing time. The top price for the day was 2.74  and the lowest listed price was  2.60 . The trading volume for the day was 86.7 K. The trading history from May 6, 2022 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.71% . The trading delta at closing time against the current closing price is 14.64% .

Novan Inc Fundamentals Correlations and Trends

By evaluating Novan's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novan financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Novan Stock history

Novan investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novan Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novan stock prices may prove useful in developing a viable investing in Novan
Novan, Inc., a medical dermatology company, focuses on researching, developing, and commercializing therapeutic products for skin diseases. Novan, Inc. was incorporated in 2006 and is headquartered in Durham, North Carolina. Novan operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 29 people.

Novan Stock Technical Analysis

Novan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Novan technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Novan trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Novan Period Price Range

Low
May 5, 2022
-0.1  -3.45%
High

 2.90 

     

 2.80 

Novan April 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Novan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novan shares will generate the highest return on investment. By undertsting and applying Novan stock market strength indicators, traders can identify Novan Inc entry and exit signals to maximize returns

Novan Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Novan's price direction in advance. Along with the technical and fundamental analysis of Novan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novan to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Other Consideration for investing in Novan Stock

If you are still planning to invest in Novan Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Novan's history and understand the potential risks before investing.
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