Novus Acquisition And Stock Z Score
NDEV Stock | USD 0.02 0.01 21.75% |
Novus |
Novus Z Score Analysis
Novus Acquisition's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Current Novus Acquisition Z Score | 9.4 |
Most of Novus Acquisition's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Novus Acquisition And is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition |
Based on the company's disclosures, Novus Acquisition And has a Z Score of 9.4. This is 290.04% higher than that of the Financial Services sector and significantly higher than that of the Insurance—Diversified industry. The z score for all United States stocks is 7.8% lower than that of the firm.
Novus Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novus Acquisition's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Novus Acquisition could also be used in its relative valuation, which is a method of valuing Novus Acquisition by comparing valuation metrics of similar companies.Novus Acquisition is currently under evaluation in z score category among related companies.
Novus Fundamentals
Return On Equity | 0.0642 | |||
Return On Asset | 0.0456 | |||
Profit Margin | 0.36 % | |||
Operating Margin | 0.36 % | |||
Current Valuation | 5.55 M | |||
Shares Outstanding | 97.85 M | |||
Price To Earning | 2.83 X | |||
Price To Sales | 14.69 X | |||
Revenue | 266.43 K | |||
Gross Profit | 201.72 K | |||
Net Income | 95.51 K | |||
Cash And Equivalents | 106.27 K | |||
Total Debt | 99.05 K | |||
Debt To Equity | 0.07 % | |||
Current Ratio | 1.15 X | |||
Book Value Per Share | 0.01 X | |||
Cash Flow From Operations | 95.51 K | |||
Earnings Per Share | 0 X | |||
Beta | -0.0017 | |||
Market Capitalization | 3.23 M | |||
Total Asset | 791 K | |||
Retained Earnings | (6 M) | |||
Working Capital | 35 K | |||
Current Asset | 150 K | |||
Current Liabilities | 115 K | |||
Z Score | 9.4 |
About Novus Acquisition Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novus Acquisition And's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novus Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novus Acquisition And based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Novus Acquisition Development Corp., through its subsidiary, WCIG Insurance Service, Inc., operates as an insurance company in California It offers health policies in CBD concentrate cannabis space benefit plans, such as dental vision, hearing, and telemedicine and THC health plans. Novus Acquisition Development Corp. was incorporated in 1996 and is based in Miami, Florida. Novus Acq operates under InsuranceDiversified classification in the United States and is traded on OTC Exchange.
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Try AI Portfolio ArchitectCheck out Novus Acquisition Piotroski F Score and Novus Acquisition Valuation analysis. Note that the Novus Acquisition And information on this page should be used as a complementary analysis to other Novus Acquisition's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Novus Pink Sheet analysis
When running Novus Acquisition's price analysis, check to measure Novus Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novus Acquisition is operating at the current time. Most of Novus Acquisition's value examination focuses on studying past and present price action to predict the probability of Novus Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novus Acquisition's price. Additionally, you may evaluate how the addition of Novus Acquisition to your portfolios can decrease your overall portfolio volatility.
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