Is it time to Buy before this week’s earning report Novan Stock Forecast, Price & News (NASDAQ:NOVN)

0
226

Earnings results for Novan Stock Forecast, Price & News (NASDAQ:NOVN)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.09 and remained the same over the past month at -0.09. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -0.35 and remained the same over the past month at -0.35 . none raised and none lowered their forecast.

Novan last released its earnings results on May 20th, 2020. The reported ($0.17) EPS for the quarter. The firm had revenue of $1.21 million for the quarter. Novan has generated ($0.80) earnings per share over the last year. Novan has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 18th, 2020 based off prior year’s report dates.

Analyst Opinion on Novan Stock Forecast, Price & News (NASDAQ:NOVN)

2 Wall Street analysts have issued ratings and price targets for Novan in the last 12 months. Their average twelve-month price target is $1.00, predicting that the stock has a possible upside of 78.57%. The high price target for NOVN is $1.50 and the low price target for NOVN is $0.50. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Novan has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $1.00, Novan has a forecasted upside of 78.6% from its current price of $0.56. Novan has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Novan Stock Forecast, Price & News (NASDAQ:NOVN)

Novan does not currently pay a dividend. Novan does not have a long track record of dividend growth.

Insiders buying/selling: Novan Stock Forecast, Price & News (NASDAQ:NOVN)

In the past three months, Novan insiders have not sold or bought any company stock. Only 3.00% of the stock of Novan is held by insiders. Only 13.28% of the stock of Novan is held by institutions.

Earnings and Valuation of Novan Stock Forecast, Price & News (NASDAQ:NOVN

Earnings for Novan are expected to grow in the coming year, from ($0.35) to ($0.17) per share. The P/E ratio of Novan is -0.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Novan is -0.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

More latest stories: here