Nova Minerals Limited Stock Analysis

Nova Stock Analysis Notes

The company has price-to-book ratio of 0.93. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nova Minerals Limited recorded a loss per share of 3.02. The entity had not issued any dividends in recent years. To find out more about Nova Minerals Limited contact Christopher Gerteisen at 61 3 9537 1238 or learn more at https://novaminerals.com.au.

Nova Minerals Limited Investment Alerts

Nova Minerals Thematic Classifications

Nova Market Capitalization

The company currently falls under 'Micro-Cap' category with a total capitalization of 55.53 M.

Nova Profitablity

Management Efficiency

Nova Minerals Limited has Return on Asset of (0.076) % which means that on every $100 spent on assets, it lost $0.076. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.1548) %, meaning that it generated no profit with money invested by stockholders. Nova Minerals' management efficiency ratios could be used to measure how well Nova Minerals manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.09. The current year's Return On Capital Employed is expected to grow to 0.22. At present, Nova Minerals' Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.09, whereas Total Assets are forecasted to decline to about 2.9 B.

Technical Drivers

As of the 24th of March, Nova Minerals secures the Risk Adjusted Performance of 0.057, mean deviation of 4.74, and Downside Deviation of 4.92. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova Minerals Limited, as well as the relationship between them.

Nova Minerals Limited Price Movement Analysis

Nova Minerals Predictive Daily Indicators

Nova Minerals Corporate Filings

Nova Minerals Forecast Models

Nova Minerals' time-series forecasting models are one of many Nova Minerals' 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 Minerals' 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.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Nova Minerals 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 Minerals. By using and applying Nova Stock analysis, traders can create a robust methodology for identifying Nova entry and exit points for their positions.

When running Nova Minerals' price analysis, check to measure Nova Minerals' 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 Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.