Novan Inc Buy Hold or Sell Recommendation
| NOVNDelisted Stock | USD 0.13 0.00 0.00% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Novan Inc is 'Not Rated'. The recommendation algorithm takes into account all of Novan's available fundamental, technical, and predictive indicators you will find on this site.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. In addition, we conduct extensive research on individual companies such as Novan and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Novan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Novan |
Execute Novan Buy or Sell Advice
The Novan recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Novan Inc. Macroaxis does not own or have any residual interests in Novan Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Novan's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Not Rated
Novan Trading Alerts and Improvement Suggestions
| Novan Inc is not yet fully synchronised with the market data | |
| Novan Inc has some characteristics of a very speculative penny stock | |
| Novan Inc has a very high chance of going through financial distress in the upcoming years | |
| Novan Inc currently holds 3.93 M in liabilities with Debt to Equity (D/E) ratio of 4.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Novan Inc has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Novan's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 23.61 M. Net Loss for the year was (31.31 M) with profit before overhead, payroll, taxes, and interest of 313 K. | |
| Novan Inc currently holds about 14.9 M in cash with (30.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.61, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Novan Returns Distribution Density
The distribution of Novan's historical returns is an attempt to chart the uncertainty of Novan's future price movements. The chart of the probability distribution of Novan daily returns describes the distribution of returns around its average expected value. We use Novan Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Novan returns is essential to provide solid investment advice for Novan.
| Mean Return | -2.45 | Value At Risk | -18.82 | Potential Upside | 11.63 | Standard Deviation | 11.40 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Novan historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Novan Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Novan . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.14 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.13 | |||
| Day Typical Price | 0.13 | |||
| Market Facilitation Index | 0.02 |
About Novan Buy or Sell Advice
When is the right time to buy or sell Novan Inc? Buying financial instruments such as Novan Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Novan in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Stores Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in Novan Stock
If you are still planning to invest in Novan Inc 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 Novan's history and understand the potential risks before investing.
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