Nova Minerals Limited Stock Buy Hold or Sell Recommendation
| NVAAF Stock | USD 0.24 0.04 20.00% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Nova Minerals Limited is 'Strong Sell'. Macroaxis provides Nova Minerals buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NVAAF positions.
Check out Nova Minerals Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Nova and provide practical buy, sell, or hold advice based on investors' constraints. Nova Minerals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Nova |
Execute Nova Minerals Buy or Sell Advice
The Nova recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nova Minerals Limited. Macroaxis does not own or have any residual interests in Nova Minerals Limited or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nova Minerals' advice using the current market data and latest reported fundamentals.
Time Horizon
30 Days |
Risk Tolerance
I am an educated risk taker |
 |  |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nova Minerals Trading Alerts and Improvement Suggestions
| Nova Minerals had very high historical volatility over the last 90 days | |
| Nova Minerals has some characteristics of a very speculative penny stock | |
| Nova Minerals Limited has accumulated about 21.28 M in cash with (2.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders |
Nova Minerals Returns Distribution Density
The distribution of Nova Minerals' historical returns is an attempt to chart the uncertainty of Nova Minerals' future price movements. The chart of the probability distribution of Nova Minerals daily returns describes the distribution of returns around its average expected value. We use Nova Minerals Limited price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nova Minerals returns is essential to provide solid investment advice for Nova Minerals.
| Mean Return | 1.53 |
| Value At Risk | 0.00 |
| Potential Upside | 18.18 |
| Standard Deviation | 9.22 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nova Minerals 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.
Nova Minerals Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nova Minerals or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nova Minerals' price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nova pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 1.38 | |
β | Beta against Dow Jones | -1.83 | |
σ | Overall volatility | 6.37 | |
Ir | Information ratio | 0.17 |
Nova Minerals Volatility Alert
Nova Minerals Limited is displaying above-average volatility over the selected time horizon. Nova Minerals Limited is a potential penny stock. Although Nova Minerals may be in fact a good instrument to invest, many penny pink sheets are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Nova Minerals Limited. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Nova instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Nova Minerals Fundamentals Vs Peers
Comparing Nova Minerals' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nova Minerals' direct or indirect competition across all of the common fundamentals between Nova Minerals and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nova Minerals or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Nova Minerals' fundamental indicators could also be used in its relative valuation, which is a method of valuing Nova Minerals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nova Minerals to competition |
| Fundamentals | Nova Minerals | Peer Average |
| Return On Equity | 0.44 | -0.31 |
| Return On Asset | -0.38 | -0.14 |
| Current Valuation | 86.68 M | 16.62 B |
| Shares Outstanding | 210.05 M | 571.82 M |
| Shares Owned By Insiders | 22.30 % | 10.09 % |
| Shares Owned By Institutions | 4.43 % | 39.21 % |
| Price To Earning | 4.42 X | 28.72 X |
| Price To Book | 1.58 X | 9.51 X |
| Price To Sales | 1.05 X | 11.42 X |
| Revenue | 91.11 M | 9.43 B |
| EBITDA | (5.09 M) | 3.9 B |
| Net Income | 34.68 M | 570.98 M |
| Cash And Equivalents | 21.28 M | 2.7 B |
| Cash Per Share | 0.12 X | 5.01 X |
| Total Debt | 862.37 K | 5.32 B |
| Debt To Equity | 0.02 % | 48.70 % |
| Current Ratio | 5.38 X | 2.16 X |
| Book Value Per Share | 0.54 X | 1.93 K |
| Cash Flow From Operations | (2.86 M) | 971.22 M |
| Earnings Per Share | 0.12 X | 3.12 X |
| Number Of Employees | 8 | 18.84 K |
| Beta | 0.91 | -0.15 |
| Market Capitalization | 93.37 M | 19.03 B |
| Total Asset | 108.33 M | 29.47 B |
| Z Score | 64.8 | 8.72 |
| Net Asset | 108.33 M |
Nova Minerals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nova . 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.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.2 | |||
| Day Median Price | 0.24 | |||
| Day Typical Price | 0.24 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 |
About Nova Minerals Buy or Sell Advice
When is the right time to buy or sell Nova Minerals Limited? Buying financial instruments such as Nova Pink Sheet 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.
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Additional Information and Resources on Investing in Nova Pink Sheet
When determining whether Nova Minerals Limited is a strong investment it is important to analyze Nova Minerals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nova Minerals' future performance. For an informed investment choice regarding Nova Pink Sheet, refer to the following important reports:Check out Nova Minerals Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.