Nova Leap Health Stock Today
| NLH Stock | CAD 0.25 0.01 3.85% |
Performance0 of 100
| Odds Of DistressLess than 34
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Nova Leap is selling for under 0.25 as of the 25th of November 2024; that is 3.85% down since the beginning of the trading day. The stock's lowest day price was 0.24. Nova Leap has about a 34 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Nova Leap Health are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | Category Healthcare | Classification Health Care |
Nova Leap Health Corp. provides personal home care and support services in the United States and Canada. The company serves clients in the states of Rhode Island, New Hampshire, Vermont, and Massachusetts. NOVA LEAP operates under Long-Term Care Facilities classification in Canada and is traded on TSX Venture Exchange.. The company has 86.21 M outstanding shares of which 12.7 K shares are now shorted by private and institutional investors with about 0.72 days to cover all short positions. More on Nova Leap Health
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Nova Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nova Leap's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nova Leap or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Health Management (View all Themes) | ||||
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, Health Management, Health Care, Health Care Providers & Services, Long-Term Care Facilities, Healthcare (View all Sectors) | ||||
Nova Leap's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nova Leap's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsNova Leap can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nova Leap's financial leverage. It provides some insight into what part of Nova Leap's total assets is financed by creditors.
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Nova Leap Health (NLH) is traded on TSX Venture Exchange in Canada and employs 4 people. Nova Leap is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 23.28 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova Leap's market, we take the total number of its shares issued and multiply it by Nova Leap'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. Nova Leap Health classifies itself under Health Care Providers & Services sector and is part of Health Care industry. The entity has 86.21 M outstanding shares of which 12.7 K shares are now shorted by private and institutional investors with about 0.72 days to cover all short positions.
Nova Leap Health has accumulated about 1.24 M in cash with 1.41 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
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Ownership AllocationNova Leap Health maintains a total of 86.21 Million outstanding shares. Nova Leap Health holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Nova Leap Health Risk Profiles
Although Nova Leap's alpha and beta are two of the key measurements used to evaluate Nova Leap's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.65 | |||
| Semi Deviation | 2.99 | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.32 |
Nova Stock Against Markets
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Nova Leap Corporate Executives
Elected by the shareholders, the Nova Leap's board of directors comprises two types of representatives: Nova Leap inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nova. The board's role is to monitor Nova Leap's management team and ensure that shareholders' interests are well served. Nova Leap's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nova Leap's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chris LeBlanc | Company CFO | Profile |
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.