Novo Resources Corp Stock Buy Hold or Sell Recommendation
| NVO Stock | CAD 0.08 0.01 10.00% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Novo Resources Corp is 'Strong Sell'. The recommendation algorithm takes into account all of Novo Resources' available fundamental, technical, and predictive indicators you will find on this site.
Check out Novo Resources 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. In addition, we conduct extensive research on individual companies such as Novo and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Novo Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Novo |
Execute Novo Resources Buy or Sell Advice
The Novo recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Novo Resources Corp. Macroaxis does not own or have any residual interests in Novo Resources Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Novo Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Novo Resources Trading Alerts and Improvement Suggestions
| Novo Resources Corp has some characteristics of a very speculative penny stock | |
| Novo Resources Corp had very high historical volatility over the last 90 days | |
| Net Loss for the year was (48.89 M) with loss before overhead, payroll, taxes, and interest of (21.41 M). | |
| Novo Resources Corp has accumulated about 74.88 M in cash with (47.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Novo Resources Price-to-Operating-Cash-Flow - GuruFocus.com |
Novo Resources Returns Distribution Density
The distribution of Novo Resources' historical returns is an attempt to chart the uncertainty of Novo Resources' future price movements. The chart of the probability distribution of Novo Resources daily returns describes the distribution of returns around its average expected value. We use Novo Resources Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Novo Resources returns is essential to provide solid investment advice for Novo Resources.
| Mean Return | 0.07 | Value At Risk | -6.25 | Potential Upside | 10.00 | Standard Deviation | 4.76 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Novo Resources 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.
Novo Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (14.1M) | (2.3M) | (8.1M) | 15.6M | (36.3M) | (34.5M) | |
| Free Cash Flow | (27.0M) | (27.8M) | (38.3M) | (51.7M) | (49.1M) | (46.7M) | |
| Capital Expenditures | 19.3M | 17.0M | 18.7M | 5.5M | 1.7M | 1.6M | |
| Net Income | (12.0M) | (27.8M) | (704K) | (106.6M) | (48.9M) | (46.4M) | |
| End Period Cash Flow | 28.7M | 40.5M | 32.3M | 47.9M | 11.6M | 21.7M | |
| Other Non Cash Items | (318K) | 2.7M | 13.2M | 5.7M | 23.1M | 24.3M | |
| Depreciation | 684K | 2.1M | 18.7M | 25.8M | 6.0M | 4.9M | |
| Investments | (3.5M) | (174.5K) | 10.4M | 119.7M | (1.5M) | (1.4M) | |
| Change To Netincome | 1.8M | 6.9M | (93.3M) | (15.9M) | (14.3M) | (15.0M) |
Novo Resources 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 Novo Resources or Metals & Mining 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 Novo Resources' price will be affected by overall stock 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 Novo stock'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 | 0.09 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 4.78 | |
Ir | Information ratio | -0.01 |
Novo Resources Volatility Alert
Novo Resources Corp shows above-average downside volatility for the selected time horizon. Novo Resources Corp is a penny stock. Although Novo Resources may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Novo Resources Corp. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Novo instrument if you perfectly time your entry and exit. However, remember that penny stocks 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.Novo Resources Fundamentals Vs Peers
Comparing Novo Resources' 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 Novo Resources' direct or indirect competition across all of the common fundamentals between Novo Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Novo Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Novo Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Novo Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Novo Resources to competition |
| Fundamentals | Novo Resources | Peer Average |
| Return On Equity | -0.38 | -0.31 |
| Return On Asset | -0.14 | -0.14 |
| Current Valuation | 20.78 M | 16.62 B |
| Shares Outstanding | 354.63 M | 571.82 M |
| Shares Owned By Insiders | 1.00 % | 10.09 % |
| Shares Owned By Institutions | 0.07 % | 39.21 % |
| Number Of Shares Shorted | 186.28 K | 4.71 M |
| Price To Earning | 2.33 X | 28.72 X |
| Price To Book | 0.39 X | 9.51 X |
| Price To Sales | 0.66 X | 11.42 X |
| Gross Profit | (21.41 M) | 27.38 B |
| EBITDA | (24.39 M) | 3.9 B |
| Net Income | (48.89 M) | 570.98 M |
| Cash And Equivalents | 74.88 M | 2.7 B |
| Cash Per Share | 0.30 X | 5.01 X |
| Total Debt | 1.61 M | 5.32 B |
| Debt To Equity | 0.26 % | 48.70 % |
| Current Ratio | 1.73 X | 2.16 X |
| Book Value Per Share | 0.21 X | 1.93 K |
| Cash Flow From Operations | (47.43 M) | 971.22 M |
| Short Ratio | 2.12 X | 4.00 X |
| Earnings Per Share | (0.13) X | 3.12 X |
| Target Price | 3.25 | |
| Beta | 1.46 | -0.15 |
| Market Capitalization | 29.26 M | 19.03 B |
| Total Asset | 106.45 M | 29.47 B |
| Retained Earnings | (391.17 M) | 9.33 B |
| Working Capital | 14.89 M | 1.48 B |
| Net Asset | 106.45 M |
Novo Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Novo . 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.
About Novo Resources Buy or Sell Advice
When is the right time to buy or sell Novo Resources Corp? Buying financial instruments such as Novo Stock 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.
Please read more on our stock advisor page.
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Other Information on Investing in Novo Stock
Novo Resources financial ratios help investors to determine whether Novo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novo with respect to the benefits of owning Novo Resources security.