Novan Inc. [NOVN] Revenue clocked in at $4.50 million, up 72.20% YTD: What’s Next?

Novan Inc. [NASDAQ: NOVN] closed the trading session at $1.40 on 05/24/21. The day’s price range saw the stock hit a low of $1.285, while the highest price level was $1.50. The company report on May 24, 2021 that NOVN: B-SIMPLE4 Topline in June.

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By John Vandermosten, CFA.

NASDAQ:NOVN.

The stocks have a year to date performance of 72.20 percent and weekly performance of 18.64 percent. The stock has been moved at 187.12 percent over the last six months. The stock has performed 6.87 percent around the most recent 30 days and changed -17.65 percent over the most recent 3-months.

If compared to the average trading volume of 5.91M shares, NOVN reached to a volume of 8378449 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]:

ROTH Capital have made an estimate for Novan Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 22, 2021. The new note on the price target was released on January 06, 2020, representing the official price target for Novan Inc. stock.

The Average True Range (ATR) for Novan Inc. is set at 0.13, with the Price to Sales ratio for NOVN stock in the period of the last 12 months amounting to 45.76. The Price to Book ratio for the last quarter was 140.00, with the Price to Cash per share for the same quarter was set at 0.22.

NOVN stock trade performance evaluation

Novan Inc. [NOVN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.64. With this latest performance, NOVN shares gained by 6.87% in over the last four-week period, additionally plugging by 187.12% over the last 6 months – not to mention a rise of 246.96% 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 58.63, with the RSI for the last a single of trading hit 67.36, and the three-weeks RSI is set at 54.21 for Novan Inc. [NOVN]. The present Moving Average for the last 50 days of trading for this stock 1.3597, while it was recorded at 1.2940 for the last single week of trading, and 0.9672 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 -531.81. Novan Inc.’s Net Margin is presently recorded at -595.39.

When it comes to the capital structure of this company, Novan Inc. [NOVN] has a Total Debt to Total Equity ratio set at 32.11. Additionally, NOVN Total Debt to Total Capital is recorded at 24.31, with Total Debt to Total Assets ending up at 2.04. Long-Term Debt to Equity for the company is recorded at 16.06, with the Long-Term Debt to Total Capital now at 12.15.

Reflecting on the efficiency of the workforce at the company, Novan Inc. [NOVN] managed to generate an average of -$1,273,609 per employee. Receivables Turnover for the company is 1.86 with a Total Asset Turnover recorded at a value of 0.13.Novan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 4.80.

Earnings per share (EPS) analysis for Novan Inc. [NOVN] stock

With the latest financial reports released by the company, Novan Inc. posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.10%. 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 $21 million, or 11.70% of NOVN stock, in the hands of institutional investors. The top three institutional holders of NOVN stocks are: VANGUARD GROUP INC with ownership of 5,945,298, which is approximately -14.521% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 2,662,565 shares of the stock with an approximate value of $3.73 million in NOVN stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $2.56 million in NOVN stock with ownership of nearly New of the company’s market capitalization.

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Positions in Novan Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 26 institutional holders increased their position in Novan Inc. [NASDAQ:NOVN] by around 4,390,820 shares. Additionally, 12 investors decreased positions by around 2,231,095 shares, while 8 investors held positions by with 8,555,002 shares. The mentioned changes placed institutional holdings at 15,176,917 shares, according to the latest SEC report filing. NOVN stock had 19 new institutional investments in for a total of 4,147,574 shares, while 7 institutional investors sold positions of 362,299 shares during the same period.

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