Nova Financial Statements From 2010 to 2025
Nova Cannabis financial statements provide useful quarterly and yearly information to potential Nova Cannabis investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Nova Cannabis financial statements helps investors assess Nova Cannabis' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Nova Cannabis' valuation are summarized below:Nova Cannabis does not presently have any fundamental ratios for analysis.
This module can also supplement various Nova Cannabis Technical models . Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Check Nova Cannabis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nova Cannabis' main balance sheet or income statement drivers, such as , as well as many indicators such as . Nova financial statements analysis is a perfect complement when working with Nova Cannabis Valuation or Volatility modules.
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Nova Cannabis OTC Stock Return On Equity Analysis
Nova Cannabis' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nova Cannabis Return On Equity | -0.2 |
Most of Nova Cannabis' fundamental indicators, such as Return On Equity, 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, Nova Cannabis is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Nova Cannabis has a Return On Equity of -0.1987. This is 99.17% lower than that of the Healthcare sector and significantly lower than that of the Pharmaceutical Retailers industry. The return on equity for all United States stocks is 35.9% lower than that of the firm.
Nova Cannabis Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Cannabis's current stock value. Our valuation model uses many indicators to compare Nova Cannabis value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Cannabis competition to find correlations between indicators driving Nova Cannabis's intrinsic value. More Info.Nova Cannabis is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Cannabis' earnings, one of the primary drivers of an investment's value.Currently Active Assets on Macroaxis
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Nova Cannabis information on this page should be used as a complementary analysis to other Nova Cannabis' 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Consideration for investing in Nova OTC Stock
If you are still planning to invest in Nova Cannabis check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nova Cannabis' history and understand the potential risks before investing.
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