Novan Stock Target Price and Analyst Consensus

NOVN -  USA Stock  

USD 7.54  0.07  0.92%

The current analyst and expert consensus on Novan is Strong Buy, with 0 strong sell and 3 strong buy opinions. The current projected Novan target price consensus is 41.5 with 4 analyst opinions. The most common way Novan Inc analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Novan executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Novan. We encourage you to use your own analysis of Novan Inc to validate this buy or sell advice. Novan buy-or-sell recommendation module provides average expert sentiment on the projected Novan Inc target price to derive its highest and lowest estimates based on projected price volatility of 21.377. Additionally, see Macroaxis Advice on Novan to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Novan Analyst Recommendations 

 
Refresh

Novan Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Novan target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Novan target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of Opinions3
Lowered Outlook0
Raized Outlook0
Strong Buy
Most Novan 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 Novan 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 those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Novan Target Price Projection

Novan's current and average target prices are 7.54 and 41.50, respectively. The current price of Novan is the price at which Novan Inc is currently trading. On the other hand, Novan's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Novan Market Quote on 16th of October 2021

Low Price7.46Odds
High Price7.69Odds

7.54

Target Price

Analyst Consensus On Novan Target Price

Low Estimate24.0Odds
High Estimate72.0Odds
Number of Analysts4
Standard Deviation21.377

41.5

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Novan Inc and the information provided on this page.

Novan Analyst Ratings

Novan's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Novan stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Novan's financials, market performance, and future outlook by experienced professionals. Novan's historical ratings below, therefore, can serve as a valuable tool for investors.

Average Consensus Estimates

About Novan Target Price Projections

Novan's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Novan Inc and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Novan depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Novan Inc

Additional Novan Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Novan is a key component of Novan valuation and have some predictive power on the future returns of a Novan.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Novan's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Novan in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.407.5311.66
Details
Intrinsic
Valuation
LowReal ValueHigh
6.7915.7819.91
Details
Naive
Forecast
LowNext ValueHigh
3.487.6211.75
Details
Earnings
Estimates (4)
LowProjected EPSHigh
-1.92-1.79-1.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Novan. Your research has to be compared to or analyzed against Novan's peers to derive any actionable benefits. When done correctly, Novan's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Novan Inc.

Currently Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Macroaxis Index
Invested few shares
Additionally, see Macroaxis Advice on Novan to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Novan Stock analysis

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.
Positions Ratings
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
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
The data published in Novan's official financial statements usually reflect Novan's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Novan Inc. For example, before you start analyzing numbers published by Novan accountants, it's critical to develop an understanding of what Novan's liquidity, profitability, and earnings quality are in the context of the Healthcare space in which it operates.
Please note, the presentation of Novan's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Novan's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Novan's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Novan Inc. Please utilize our Beneish M Score to check the likelihood of Novan's management to manipulate its earnings.