Novo Resources Corp Stock Analysis
| NVO Stock | CAD 0.08 0.01 10.00% |
Novo Resources Corp is overvalued with Real Value of 0.0698 and Hype Value of 0.08. The main objective of Novo Resources stock analysis is to determine its intrinsic value, which is an estimate of what Novo Resources Corp is worth, separate from its market price. There are two main types of Novo Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Novo Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Novo Resources' stock to identify patterns and trends that may indicate its future price movements.
The Novo Resources stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Novo Resources is usually not traded on Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Novo Stock trading window is adjusted to America/Toronto timezone.
Novo |
Novo Stock Analysis Notes
The company has price-to-book ratio of 0.39. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Novo Resources Corp recorded a loss per share of 0.13. The entity had not issued any dividends in recent years. The firm had 2:1 split on the 20th of September 2023. Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. NOVO RESOURCES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 111 people. To find out more about Novo Resources Corp contact Michael MBA at 416 543 3120 or learn more at https://www.novoresources.com.Novo Resources Corp Investment Alerts
| 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 Largest EPS Surprises
Earnings surprises can significantly impact Novo Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-08-15 | 2022-07-31 | -0.05 | -0.08 | -0.03 | 60 | ||
2022-08-16 | 2022-06-30 | -0.05 | -0.08 | -0.03 | 60 | ||
2022-11-11 | 2022-10-31 | 0.05 | -0.07 | -0.12 | 240 |
Novo Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 29.26 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novo Resources's market, we take the total number of its shares issued and multiply it by Novo Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Novo Profitablity
Novo Resources' profitability indicators refer to fundamental financial ratios that showcase Novo Resources' ability to generate income relative to its revenue or operating costs. If, let's say, Novo Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Novo Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Novo Resources' profitability requires more research than a typical breakdown of Novo Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (1.20) | (1.14) | |
| Return On Capital Employed | (0.47) | (0.44) | |
| Return On Assets | (1.20) | (1.14) | |
| Return On Equity | (1.51) | (1.43) |
Management Efficiency
Novo Resources Corp has return on total asset (ROA) of (0.1405) % which means that it has lost $0.1405 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3752) %, meaning that it generated substantial loss on money invested by shareholders. Novo Resources' management efficiency ratios could be used to measure how well Novo Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 11th of December 2024, Return On Tangible Assets is likely to grow to -1.14. In addition to that, Return On Capital Employed is likely to grow to -0.44. At this time, Novo Resources' Total Assets are very stable compared to the past year. As of the 11th of December 2024, Non Current Assets Total is likely to grow to about 104.6 M, while Other Current Assets are likely to drop about 808.4 K.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.11 | 0.10 | |
| Tangible Book Value Per Share | 0.11 | 0.10 | |
| Enterprise Value Over EBITDA | (2.48) | (2.60) | |
| Price Book Value Ratio | 1.37 | 2.29 | |
| Enterprise Value Multiple | (2.48) | (2.60) | |
| Price Fair Value | 1.37 | 2.29 | |
| Enterprise Value | 26.6 M | 25.3 M |
Leadership effectiveness at Novo Resources Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.459 | Return On Assets (0.14) | Return On Equity (0.38) |
Technical Drivers
As of the 11th of December 2024, Novo Resources secures the Risk Adjusted Performance of 0.0185, mean deviation of 3.0, and Downside Deviation of 6.44. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novo Resources Corp, as well as the relationship between them.Novo Resources Corp Price Movement Analysis
The output start index for this execution was fifty-nine with a total number of output elements of two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Novo Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Novo Resources Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Novo Resources Outstanding Bonds
Novo Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Novo Resources Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Novo bonds can be classified according to their maturity, which is the date when Novo Resources Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Novo Resources Predictive Daily Indicators
Novo Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Novo Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Novo Resources Forecast Models
Novo Resources' time-series forecasting models are one of many Novo Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Novo Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Novo Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Novo Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Novo shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Novo Resources. By using and applying Novo Stock analysis, traders can create a robust methodology for identifying Novo entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (1.33) | (1.27) | |
| Operating Profit Margin | (1.53) | (1.60) | |
| Net Loss | (1.32) | (1.25) | |
| Gross Profit Margin | (0.30) | (0.28) |
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Novo Resources to your portfolios without increasing risk or reducing expected return.Did you try this?
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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.