Nova Leap Health Stock Price on June 5, 2023
| NLH Stock | CAD 0.25 0.01 3.85% |
Below is the normalized historical share price chart for Nova Leap Health extending back to November 07, 2016. 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 Leap stands at 0.25, as last reported on the 28th of November, with the highest price reaching 0.26 and the lowest price hitting 0.24 during the day.
If you're considering investing in Nova Stock, it is important to understand the factors that can impact its price. At this stage we consider Nova Stock to be out of control. Nova Leap Health has Sharpe Ratio of 0.036, which conveys that the firm had a 0.036% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nova Leap, which you can use to evaluate the volatility of the firm. Please verify Nova Leap's Standard Deviation of 3.82, mean deviation of 2.53, and Risk Adjusted Performance of (0.001) to check out if the risk estimate we provide is consistent with the expected return of 0.13%.
At this time, Nova Leap's Total Stockholder Equity is fairly stable compared to the past year. Common Stock is likely to climb to about 22.9 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 57 M in 2024. . Price To Sales Ratio is likely to drop to 0.64 in 2024. Price Earnings Ratio is likely to climb to -15.81 in 2024. Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.2672 | 50 Day MA 0.2659 | Beta 1.521 |
Nova |
Sharpe Ratio = 0.036
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| Cash | Small Risk | Average Risk | NLH | Huge Risk |
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Estimated Market Risk
| 3.56 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Nova Leap is performing at about 2% of its full potential. 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 Leap by adding it to a well-diversified portfolio.
Price Book 0.8409 | Enterprise Value Ebitda (126.72) | Price Sales 0.8377 | Shares Float 51 M | Wall Street Target Price 0.6 |
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Nova Leap Valuation on June 5, 2023
It is possible to determine the worth of Nova Leap on a given historical date. On June 5, 2023 Nova was worth 0.16 at the beginning of the trading date compared to the closed value of 0.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Leap stock. Still, in general, we apply an absolute valuation method to find Nova Leap'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 Leap where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Leap's related companies.
| Open | High | Low | Close | Volume | |
| 0.14 | 0.16 | 0.14 | 0.16 | 163,500 | |
06/05/2023 | 0.16 | 0.18 | 0.16 | 0.18 | 137,500 |
| 0.18 | 0.20 | 0.18 | 0.19 | 72,500 |
| Backtest Nova Leap | | | Nova Leap History | | | Nova Leap Valuation | Previous | Next |
Nova Leap Trading Date Momentum on June 5, 2023
| On June 06 2023 Nova Leap Health was traded for 0.19 at the closing time. The highest daily price throughout the period was 0.20 and the lowest price was 0.18 . The daily volume was 72.5 K. The net trading volume on 06/06/2023 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was 5.56% . The trading delta at closing time to current closing price is 5.56% . |
Nova Leap Health Fundamentals Correlations and Trends
By evaluating Nova Leap'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 Leap'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 Leap Stock history
Nova Leap 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 Leap Health 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 Leap stock prices may prove useful in developing a viable investing in Nova Leap
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 89.3 M | 57 M | |
| Net Loss | -961.1 K | -913.1 K |
Nova Leap Stock Technical Analysis
Nova Leap 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 Leap Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Nova Leap Health cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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 Leap November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Leap 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 Leap shares will generate the highest return on investment. By undertsting and applying Nova Leap stock market strength indicators, traders can identify Nova Leap Health entry and exit signals to maximize returns
Nova Leap Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Leap'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 | (0.001) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.28) |
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Additional Tools for Nova Stock Analysis
When running Nova Leap's price analysis, check to measure Nova Leap'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 Leap is operating at the current time. Most of Nova Leap's value examination focuses on studying past and present price action to predict the probability of Nova Leap'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 Leap's price. Additionally, you may evaluate how the addition of Nova Leap to your portfolios can decrease your overall portfolio volatility.