Nova Eye (Australia) Price on November 4, 2024
| EYE Stock | 0.15 0.01 7.14% |
Below is the normalized historical share price chart for Nova Eye Medical extending back to July 26, 1999. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Nova Eye stands at 0.15, as last reported on the 27th of November, with the highest price reaching 0.15 and the lowest price hitting 0.14 during the day.
If you're considering investing in Nova Stock, it is important to understand the factors that can impact its price. Nova Eye Medical has Sharpe Ratio of -0.0861, which conveys that the firm had a -0.0861% return per unit of risk over the last 3 months. Nova Eye exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova Eye's Standard Deviation of 4.75, mean deviation of 3.53, and Risk Adjusted Performance of (0.10) to check out the risk estimate we provide.
At this time, Nova Eye's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 94.6 M in 2024, whereas Capital Stock is likely to drop slightly above 43.8 M in 2024. . Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.2181 | 50 Day MA 0.1715 | Beta 0.96 |
Nova |
Sharpe Ratio = -0.0861
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | EYE |
Estimated Market Risk
| 4.79 actual daily | 42 58% of assets are more volatile |
Expected Return
| -0.41 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nova Eye is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nova Eye by adding Nova Eye to a well-diversified portfolio.
Price Book 1.5571 | Enterprise Value Ebitda (3.96) | Price Sales 1.5239 | Shares Float 188.4 M | Wall Street Target Price 0.59 |
Nova Eye Valuation on November 4, 2024
It is possible to determine the worth of Nova Eye on a given historical date. On November 4, 2024 Nova was worth 0.17 at the beginning of the trading date compared to the closed value of 0.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Eye stock. Still, in general, we apply an absolute valuation method to find Nova Eye's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nova Eye where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Eye's related companies.
| Open | High | Low | Close | Volume | |
| 0.17 | 0.17 | 0.16 | 0.17 | 239,316 | |
11/04/2024 | 0.17 | 0.17 | 0.16 | 0.16 | 372,854 |
| 0.16 | 0.16 | 0.14 | 0.15 | 415,041 |
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Nova Eye Trading Date Momentum on November 4, 2024
| On November 05 2024 Nova Eye Medical was traded for 0.15 at the closing time. The maximum traded price for the trading interval was 0.16 and the lowest daily price was 0.14 . The daily volume was recorded at 415 K. The volume of trading on 5th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 6.25% . The trading delta at closing time to the closing price today is 0.00% . |
Nova Eye Medical Fundamentals Correlations and Trends
By evaluating Nova Eye's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nova Eye's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nova Eye Stock history
Nova Eye investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova Eye Medical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nova Eye stock prices may prove useful in developing a viable investing in Nova Eye
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 204.1 M | 214.3 M | |
| Net Loss | -13.8 M | -13.1 M |
Nova Eye Quarterly Net Working Capital |
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Nova Eye Stock Technical Analysis
Nova Eye technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nova Eye Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Nova Eye Medical cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nova Eye November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Eye stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Eye shares will generate the highest return on investment. By undertsting and applying Nova Eye stock market strength indicators, traders can identify Nova Eye Medical entry and exit signals to maximize returns
Nova Eye Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Eye's price direction in advance. Along with the technical and fundamental analysis of Nova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | 2.43 |
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Additional Tools for Nova Stock Analysis
When running Nova Eye's price analysis, check to measure Nova Eye's 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 Eye is operating at the current time. Most of Nova Eye's value examination focuses on studying past and present price action to predict the probability of Nova Eye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Eye's price. Additionally, you may evaluate how the addition of Nova Eye to your portfolios can decrease your overall portfolio volatility.