Novan Inc. [NASDAQ: NOVN] plunged by -$0.32 during the normal trading session on Tuesday and reaching a high of $1.85 during the day while it closed the day at $1.70. The company report on February 1, 2021 that Novan Completes Enrollment in B-SIMPLE4 Pivotal Phase 3 Study of SB206 for Treatment of Molluscum.
– Topline data on track for targeted readout before the end of Q2 2021 –.
– SB206, if approved, has the potential to meet an important need for the treatment of molluscum, an area with no current FDA-approved treatment –.
Novan Inc. stock has also loss -24.44% of its value over the past 7 days. However, NOVN stock has inclined by 248.65% in the 3 months of the year. Over the past six months meanwhile, it has gained 247.72% and gained 109.10% year-on date.
The market cap for NOVN stock reached $221.90 million, with 133.69 million shares outstanding and 130.56 million shares in the current float. Compared to the average trading volume of 22.08M shares, NOVN reached a trading volume of 13849381 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Novan Inc. [NOVN]:
Piper Jaffray have made an estimate for Novan Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 06, 2020.
The Average True Range (ATR) for Novan Inc. is set at 0.28, with the Price to Sales ratio for NOVN stock in the period of the last 12 months amounting to 42.67. The Price to Book ratio for the last quarter was 28.33, with the Price to Cash per share for the same quarter was set at 0.33.
NOVN stock trade performance evaluation
Novan Inc. [NOVN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.44. With this latest performance, NOVN shares gained by 25.93% in over the last four-week period, additionally plugging by 247.72% over the last 6 months – not to mention a rise of 225.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOVN stock in for the last two-week period is set at 51.90, with the RSI for the last a single of trading hit 46.49, and the three-weeks RSI is set at 54.84 for Novan Inc. [NOVN]. The present Moving Average for the last 50 days of trading for this stock 1.2197, while it was recorded at 1.9380 for the last single week of trading, and 0.6932 for the last 200 days.
Novan Inc. [NOVN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Novan Inc. [NOVN] shares currently have an operating margin of -608.86. Novan Inc.’s Net Margin is presently recorded at -625.84.
Reflecting on the efficiency of the workforce at the company, Novan Inc. [NOVN] managed to generate an average of -$729,548 per employee. Receivables Turnover for the company is 23.37 with a Total Asset Turnover recorded at a value of 0.18.Novan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 5.60.
Earnings per share (EPS) analysis for Novan Inc. [NOVN] stock
With the latest financial reports released by the company, Novan Inc. posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at -0.45/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 124.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOVN.
Novan Inc. [NOVN]: Insider Ownership positions
There are presently around $22 million, or 11.30% of NOVN stock, in the hands of institutional investors. The top three institutional holders of NOVN stocks are: VANGUARD GROUP INC with ownership of 6,955,289, which is approximately 9.086% of the company’s market cap and around 8.94% of the total institutional ownership; BLACKROCK INC., holding 3,434,770 shares of the stock with an approximate value of $5.84 million in NOVN stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $1.69 million in NOVN stock with ownership of nearly 205.606% of the company’s market capitalization.
Positions in Novan Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 19 institutional holders increased their position in Novan Inc. [NASDAQ:NOVN] by around 5,205,005 shares. Additionally, 11 investors decreased positions by around 837,752 shares, while 6 investors held positions by with 7,053,967 shares. The mentioned changes placed institutional holdings at 13,096,724 shares, according to the latest SEC report filing. NOVN stock had 10 new institutional investments in for a total of 338,314 shares, while 8 institutional investors sold positions of 296,948 shares during the same period.