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

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

Novan, Inc. is estimated to report earnings on 08/25/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.09. The reported EPS for the same quarter last year was $-0.31.

Novan last released its quarterly earnings results on May 20th, 2020. The reported ($0.17) earnings per share (EPS) for the quarter. The business 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 25th, 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 122.17%. 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 122.2% from its current price of $0.45. 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 ($0.30) to ($0.14) per share. The P/E ratio of Novan is -0.42, 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 -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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