Novan Stock Quote Today

NOVN -  USA Stock  

USD 2.58  0.05  1.98%

Market Performance
0 of 100
Odds Of Distress
Over 95
Novan is selling for 2.58 as of the 28th of May 2022. This is a 1.98 percent increase since the beginning of the trading day. The stock's open price was 2.53. Novan has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Novan Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2022 and ending today, the 28th of May 2022. Click here to learn more.
Novan, Inc., a pre-commercial nitric oxide-based pharmaceutical company, focuses on dermatology and anti-infective therapies. 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. The company has 18.82 M outstanding shares of which 479.05 K shares are now shorted by private and institutional investors with about 3.13 trading days to cover. More on Novan Inc
Follow Valuation Odds of Bankruptcy
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Novan Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Novan's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novan or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Novan Inc generated a negative expected return over the last 90 days
Novan Inc has high historical volatility and very poor performance
Novan Inc has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 2.96 M. Net Loss for the year was (29.69 M) with loss before overhead, payroll, taxes, and interest of (17.71 M).
Novan Inc currently holds about 47.09 M in cash with (24.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.5.
Latest headline from UpHealth, Inc. Expected to Announce Earnings of -0.14 Per Share - Defense World
Interim CEO, DirectorG Martin  (View All)
Average Analyst Recommendation
Analysts covering Novan report their recommendations after researching Novan's financial statements, talking to executives and customers, or listening in on Novan's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Novan Inc. The Novan consensus assessment is calculated by taking the average forecast from all of the analysts covering Novan.
Strong Buy3 Opinions
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Novan's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Novan Inc (NOVN) is traded on NASDAQ Exchange in USA and employs 29 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 52.5 M. 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. Novan Inc conducts business under Healthcare sector and is part of Biotechnology industry. The entity has 18.82 M outstanding shares of which 479.05 K shares are now shorted by private and institutional investors with about 3.13 trading days to cover. Novan Inc currently holds about 47.09 M in cash with (24.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.5.
Check Novan Probability Of Bankruptcy
Novan Inc holds a total of 18.82 Million outstanding shares. Novan Inc secures 5.75 % if its outstanding shares held by insiders and 5.75 % owned by institutional investors . 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.

Ownership Allocation (%)

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Novan Stock Price Odds Analysis

What are Novan's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of Novan jumping above the current price in 90 days from now is about 90.63%. The Novan Inc probability density function shows the probability of Novan stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Novan has a beta of 0.9176. This indicates Novan Inc market returns are very sensitive to returns on the market. As the market goes up or down, Novan is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Novan Inc is significantly underperforming DOW.
  Odds Below 2.58HorizonTargetOdds Above 2.58
9.33%90 days
Based on a normal probability distribution, the odds of Novan to move above the current price in 90 days from now is about 90.63 (This Novan Inc probability density function shows the probability of Novan Stock to fall within a particular range of prices over 90 days) .

Novan Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Novan that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Novan's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Novan's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares789.7 K3.1 M
Renaissance Technologies LlcCommon Shares382.7 K1.5 M
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Novan Inc Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Novan market risk premium is the additional return an investor will receive from holding Novan 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 Novan. 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 Novan's alpha and beta are two of the key measurements used to evaluate Novan's performance over the market, the standard measures of volatility play an important role as well.

Novan Stock Against Markets

Picking the right benchmark for Novan 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 Novan 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 Novan is critical whether you are bullish or bearish towards Novan Inc at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Novan without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Novan Corporate Directors

Novan corporate directors refer to members of a Novan board of directors. The board of directors generally takes responsibility for the Novan's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Novan's board members must vote for the resolution. The Novan board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Palmour - Independent DirectorProfile
Eugene Sun - DirectorProfile
Machelle Sanders - DirectorProfile
Geer - Independent DirectorProfile

Investing Novan Inc

You need to understand the risk of investing before taking a position in Novan. The danger of trading Novan Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Novan is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Novan. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Novan Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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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Is Novan's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novan. If investors know Novan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Novan Inc is measured differently than its book value, which is the value of Novan 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's underlying business (such as a 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.