Novan Inc. (NASDAQ:NOVN) went down by -0.50% from its latest closing price compared to the recent 1-year high of $3.72. The company’s stock price has collected -6.18% of loss in the last five trading sessions. Press Release reported on 09/24/20 that Novan Strengthens Financial Leadership with Appointments of Chief Financial Officer and Seasoned Industry Executive to Board of Directors
Is It Worth Investing in Novan Inc. (NASDAQ :NOVN) Right Now?
Plus, the 36-month beta value for NOVN is at -0.29. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Novan Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $3.00. NOVN currently public float of 124.81M and currently shorts hold a 4.37% ratio of that float. Today, the average trading volume of NOVN was 22.78M shares.
NOVN’s Market Performance
NOVN stocks went down by -6.18% for the week, with a monthly jump of 4.57% and a quarterly performance of -12.26%, while its annual performance rate touched -80.74%. The volatility ratio for the week stands at 6.39% while the volatility levels for the past 30 days are set at 12.92% for Novan Inc.. The simple moving average for the period of the last 20 days is -3.14% for NOVN stocks with a simple moving average of -25.80% for the last 200 days.
NOVN Trading at -14.38% from the 50-Day Moving Average
After a stumble in the market that brought NOVN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.26% of loss for the given period.
Volatility was left at 12.92%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares surge +13.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.51% lower at present.
During the last 5 trading sessions, NOVN fell by -6.18%, which changed the moving average for the period of 200-days by -78.06% in comparison to the 20-day moving average, which settled at $0.4919. In addition, Novan Inc. saw -85.01% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NOVN
Current profitability levels for the company are sitting at:
- -608.86 for the present operating margin
The net margin for Novan Inc. stands at -625.84. Equity return is now at value 124.00, with -53.00 for asset returns.
When we switch over and look at the enterrpise to sales, we see a ratio of 15.42, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 23.37 and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.