Nova Leap Health Stock Analysis
| NLH Stock | CAD 0.25 0.00 0.00% |
Nova Leap Health is overvalued with Real Value of 0.22 and Hype Value of 0.25. The main objective of Nova Leap stock analysis is to determine its intrinsic value, which is an estimate of what Nova Leap Health is worth, separate from its market price. There are two main types of Nova Leap's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Nova Leap's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Nova Leap's stock to identify patterns and trends that may indicate its future price movements.
The Nova Leap stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Nova Leap is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Nova Stock trading window is adjusted to America/Toronto timezone.
Nova |
Nova Stock Analysis Notes
About 41.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.84. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nova Leap Health recorded a loss per share of 0.02. The entity had not issued any dividends in recent years. Nova Leap Health Corp. provides personal home care and support services in the United States and Canada. The company serves clients in the states of Rhode Island, New Hampshire, Vermont, and Massachusetts. NOVA LEAP operates under Long-Term Care Facilities classification in Canada and is traded on TSX Venture Exchange. To find out more about Nova Leap Health contact the company at 902 401 9480 or learn more at https://novaleaphealth.com.Nova Leap Quarterly Total Revenue |
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Nova Leap Health Investment Alerts
| Nova Leap Health has some characteristics of a very speculative penny stock | |
| Nova Leap Health had very high historical volatility over the last 90 days | |
| The company has C$3.97 Million in debt which may indicate that it relies heavily on debt financing | |
| Nova Leap Health has accumulated 3.97 M in total debt with debt to equity ratio (D/E) of 64.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nova Leap Health has a current ratio of 0.57, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nova Leap until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Leap's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Leap Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Leap's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 26.41 M. Net Loss for the year was (1.07 M) with profit before overhead, payroll, taxes, and interest of 9.98 M. | |
| About 41.0% of Nova Leap outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Nova Leap Health Corp. entered into an agreement to acquire Earth Angels Living Assistance Inc.Earth Angels South Shore Inc. for CAD 1.38 million. - Marketscreener.com |
Nova Largest EPS Surprises
Earnings surprises can significantly impact Nova Leap's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-08-12 | 2022-06-30 | 0.01 | -4.0E-4 | -0.0104 | 104 | ||
2022-03-10 | 2021-12-31 | 0.02 | -0.01 | -0.03 | 150 | ||
2023-03-08 | 2022-12-31 | 0.03 | -0.01 | -0.04 | 133 |
Nova Leap Thematic Classifications
In addition to having Nova Leap stock in your portfolios, you can 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 favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Health ManagementHealthcare providers, hospitals |
Nova Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 23.28 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova Leap's market, we take the total number of its shares issued and multiply it by Nova Leap'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 those looking for more risk prefer small-cap and mid-cap equities.Nova Profitablity
Nova Leap's profitability indicators refer to fundamental financial ratios that showcase Nova Leap's ability to generate income relative to its revenue or operating costs. If, let's say, Nova Leap is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Nova Leap's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Nova Leap's profitability requires more research than a typical breakdown of Nova Leap's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.02) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.03 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.03. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.18) | (0.19) | |
| Return On Capital Employed | 0.02 | 0.03 | |
| Return On Assets | (0.05) | (0.05) | |
| Return On Equity | (0.06) | (0.06) |
Management Efficiency
Nova Leap Health has return on total asset (ROA) of 0.0279 % which means that it generated a profit of $0.0279 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0249) %, meaning that it generated substantial loss on money invested by shareholders. Nova Leap's management efficiency ratios could be used to measure how well Nova Leap manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to climb to 0.03 in 2024, whereas Return On Tangible Assets are likely to drop (0.19) in 2024. At this time, Nova Leap's Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 1.9 M in 2024, whereas Intangible Assets are likely to drop slightly above 909.5 K in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.21 | 0.12 | |
| Tangible Book Value Per Share | 0.04 | 0.04 | |
| Enterprise Value Over EBITDA | 18.15 | 21.18 | |
| Price Book Value Ratio | 0.96 | 0.92 | |
| Enterprise Value Multiple | 18.15 | 21.18 | |
| Price Fair Value | 0.96 | 0.92 | |
| Enterprise Value | 18.1 M | 16.1 M |
Leadership effectiveness at Nova Leap Health is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Operating Margin 0.0325 | Profit Margin (0.02) | Beta 1.521 | Return On Assets 0.0279 | Return On Equity (0.02) |
Technical Drivers
As of the 2nd of December, Nova Leap secures the insignificant Risk Adjusted Performance, standard deviation of 3.61, and Mean Deviation of 2.32. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova Leap Health, as well as the relationship between them. Please verify Nova Leap Health market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Nova Leap Health is priced some-what accurately, providing market reflects its recent price of 0.25 per share.Nova Leap Health Price Movement Analysis
The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Nova Leap middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Nova Leap Health. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Nova Leap Outstanding Bonds
Nova Leap issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Nova Leap Health uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Nova bonds can be classified according to their maturity, which is the date when Nova Leap Health has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Nova Leap Predictive Daily Indicators
Nova Leap intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nova Leap stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Nova Leap Forecast Models
Nova Leap's time-series forecasting models are one of many Nova Leap's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nova Leap's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Nova Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Nova Leap prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Nova shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Nova Leap. By using and applying Nova Stock analysis, traders can create a robust methodology for identifying Nova entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (0.05) | (0.05) | |
| Operating Profit Margin | 0.02 | 0.02 | |
| Net Loss | (0.04) | (0.04) | |
| Gross Profit Margin | 0.37 | 0.28 |
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Nova Leap to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for Nova Stock Analysis
When running Nova Leap's price analysis, check to measure Nova Leap'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 Nova Leap is operating at the current time. Most of Nova Leap's value examination focuses on studying past and present price action to predict the probability of Nova Leap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Leap's price. Additionally, you may evaluate how the addition of Nova Leap to your portfolios can decrease your overall portfolio volatility.