NOVN Stock Analysis

NOVN -  USA Stock  

USD 10.87  0.02  0.18%

The latest price rise of Novan Inc may encourage institutional investors to take a closer look at the firm as it is trading at a share price of 10.87 on 2,747,800 in trading volume. The company directors and management may have good odds in positioning the firm resources to exploit market volatility in July. The stock standard deviation of daily returns for 90 days investing horizon is currently 125.55. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Novan Inc partners.
Additionally, see Stocks Correlation.

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The Novan stock analysis report makes it easy to digest most publicly released information about Novan and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. NOVN stock analysis module also helps to analyze the Novan price relationship with some important fundamental indicators such as market cap and management efficiency.

NOVN Stock Analysis Notes

The company recorded a loss per share of 0.3. Novan Inc had not issued any dividends in recent years. The entity had 10.00 - 1.00 split on the 26th of May 2021. Novan, Inc., a clinical development-stage biotechnology company, provides nitric oxide-based therapies to treat dermatological and oncovirus-mediated diseases. The company was incorporated in 2006 and is headquartered in Morrisville, North Carolina. Novan operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 23 people. To find out more about Novan Inc contact G Martin at 919 485 8080 or learn more at http://www.novan.com.

Novan Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Novan's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Novan Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Novan Inc is way too risky over 90 days horizon
Novan Inc appears to be risky and price may revert if volatility continues
Novan Inc is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 4.92 M. Net Loss for the year was (29.29 M) with loss before overhead, payroll, taxes, and interest of (3.91 M).
Novan Inc currently holds about 35.88 M in cash with (31.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.24.
Novan Inc has a frail financial position based on the latest SEC disclosures
Latest headline from www.benzinga.com: 34 Stocks Moving In Thursdays Mid-Day Session Benzinga - Benzinga

Novan Inc Upcoming and Recent Events

Earnings reports are used by Novan to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Novan previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report13th of August 2021
Next Earnings Report29th of October 2021
Next Fiscal Quarter End30th of June 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report31st of March 2021
Last Earning Announcement30th of June 2020

NOVN Largest EPS Surprises

Earnings surprises can significantly impact Novan's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-05-11
2021-03-31-0.5-0.060.4488 
2020-10-30
2020-09-30-0.55-0.060.4989 
2021-02-24
2020-12-31-0.6-0.030.5795 
View All Earnings Estimates

Novan SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Novan prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Novan investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Novan Inc specific information freely available to individual and institutional investors to make a timely investment decision.
11th of June 2021
Financial Statements and Exhibits. Other Events. Regulation FD Disclosure
View
10th of June 2021
Financial Statements and Exhibits. Other Events
View
7th of June 2021
Financial Statements and Exhibits. Other Events
View
25th of May 2021
Unclassified Corporate Event. Unclassified Corporate Event. Unclassified Corporate Event. Unclassified Corporate Event. Completion of Acquisition or Disposition of Assets
View
11th of May 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
6th of May 2021
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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9th of March 2021
Financial Statements and Exhibits. Other Events
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2nd of March 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View

NOVN Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Novan is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Novan Inc backward and forwards among themselves. Novan's institutional investor refers to the entity that pools money to purchase Novan's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Vanguard Group IncCommon Shares5.9 M9.3 M
Blackrock IncCommon Shares2.7 M4.2 M
Renaissance Technologies LlcCommon Shares1.8 M2.8 M
Geode Capital Management LlcCommon Shares1.2 M1.8 M
Millennium Management LlcCommon Shares1.1 M1.7 M
Bridgeway Capital Management LlcCommon Shares465 K725 K
Northern Trust CorpCommon Shares300.6 K469 K
Note, although Novan's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

NOVN Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 2.32 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novan's market, we take the total number of its shares issued and multiply it by Novan'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 these looking for more risk prefer small-cap and mid-cap equities.

NOVN Profitablity

Novan's profitability indicators refer to fundamental financial ratios that showcase Novan's ability to generate income relative to its revenue or operating costs. If, let's say, Novan is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Novan's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Novan's profitability requires more research than a typical breakdown of Novan's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2021
Return on Average Assets(0.66) (0.72) 
Return on Average Equity 59.57  64.27 
Return on Invested Capital(7.27) (7.46) 
Return on Sales(5.95) (6.42) 

Management Efficiency

The entity has return on total asset (ROA) of (42.25) % which means that it has lost $42.25 on every $100 spent on asset. This is way below average. Novan management efficiency ratios could be used to measure how well novan inc manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Equity is expected to rise to 64.27 this year, although the value of Return on Average Assets will most likely fall to (0.72) . Novan Assets Non Current are quite stable at the moment as compared to the past year. The company's current value of Assets Non Current is estimated at 2.9 Million. Asset Turnover is expected to rise to 0.13 this year, although the value of Total Assets will most likely fall to about 44.1 M.
Last ReportedProjected for 2021
Book Value per Share 0.30  0.33 
Enterprise Value over EBIT(2.30) (2.48) 
Enterprise Value over EBITDA(2.59) (2.80) 
Price to Book Value 38.65  41.70 
Tangible Assets Book Value per Share 4.73  4.86 
Enterprise Value72.9 M89.3 M
Tangible Asset Value46.8 M44.1 M

Technical Drivers

As of the 19th of June, Novan secures the Mean Deviation of 31.62, risk adjusted performance of 0.0871, and Downside Deviation of 9.9. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novan Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Novan, which can be compared to its peers in the industry. Please verify Novan Inc jensen alpha and semi variance to decide if Novan Inc is priced some-what accurately, providing market reflects its recent price of 10.87 per share. Given that Novan Inc has jensen alpha of 15.15, we recommend you to check Novan's last-minute market performance to make sure the company can sustain itself at a future point.

Novan Inc Price Movement Analysis

The output start index for this execution was thirty-nine with a total number of output elements of twenty-two. Novan Inc Triple Exponential Moving Average indicator shows smoothing effect of Novan price series composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average. View also all equity analysis or get more info about triple exponential moving average overlap studies indicator.

Novan Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Novan insiders, such as employees or executives, is commonly permitted as long as it does not rely on Novan's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Novan insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Novan Predictive Daily Indicators

Novan intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Novan stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Novan Forecast Models

Novan time-series forecasting models is one of many Novan's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Novan's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Novan Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Novan stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NOVN shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Novan. By using and applying NOVN Stock analysis, traders can create a robust methodology for identifying NOVN entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin(5.72) (6.17) 
Gross Margin 0.90  0.89 
Profit Margin(5.95) (6.42) 
Novan, Inc., a clinical development-stage biotechnology company, provides nitric oxide-based therapies to treat dermatological and oncovirus-mediated diseases. The company was incorporated in 2006 and is headquartered in Morrisville, North Carolina. Novan operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 23 people.

Current NOVN Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NOVN analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NOVN analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
30.33Strong Buy3Odds
Novan Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most NOVN analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NOVN stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Novan Inc, talking to its executives and customers, or listening to NOVN conference calls.
NOVN Analyst Advice Details

NOVN Stock Analysis Indicators

Novan Inc stock analysis indicators help investors 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 understating and applying Novan stock analysis, traders can identify Novan position entry and exit signals to maximize returns.
Quick Ratio4.68
Fifty Two Week Low3.00
Revenue Growth-22.50%
Shares Short Prior Month4.07M
Average Daily Volume Last 10 Day25.85M
Average Daily Volume In Three Month2.64M
Shares Percent Shares Out1.88%
Gross Margins-79.41%
Short Percent Of Float1.90%
Forward Price Earnings-95.50
Float Shares142.4M
Fifty Two Week High25.90
Enterprise Value To Ebitda-7.54
Fifty Day Average11.08
Two Hundred Day Average12.30
Enterprise Value To Revenue37.52
Additionally, see Stocks Correlation. Note that the Novan Inc information on this page should be used as a complementary analysis to other Novan'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Novan Inc price analysis, check to measure Novan'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 Novan is operating at the current time. Most of Novan's value examination focuses on studying past and present price action to predict the probability of Novan's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Novan's price. Additionally, you may evaluate how the addition of Novan to your portfolios can decrease your overall portfolio volatility.
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The market value of Novan Inc is measured differently than its book value, which is the value of NOVN that is recorded on the company's balance sheet. Investors also form their own opinion of Novan's value that differs from its market value or its book value, called intrinsic value, which is Novan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novan's market value can be influenced by many factors that don't directly affect Novan Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novan's value and its price as these two are different measures arrived at by different means. Investors typically determine Novan value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.