Based on the Nova Cannabis Inc stock forecast from 1 analysts, the average analyst target price for Nova Cannabis Inc is CAD 3.75 over the next 12 months. Nova Cannabis Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Nova Cannabis Inc is Very Bullish, which is based on 15 positive signals and 0 negative signals. At the last closing, Nova Cannabis Inc’s stock price was CAD 1.34. Nova Cannabis Inc’s stock price has changed by -17.28% over the past week, -23.86% over the past month and +100.00% over the last year.
No recent analyst target price found for Nova Cannabis Inc
No recent average analyst rating found for Nova Cannabis Inc
Company Overview Nova Cannabis Inc
Nova Cannabis Inc. operates retail cannabis stores with a focus on the recreational-use cannabis market in Canada. The company is headquartered in Edmonton, Canada. Nova Cannabis Inc. is a subsidiary of Alcanna Inc. Read Less
Nova Cannabis Inc. operates retail cannabis stores with a focus on the recreational-use cannabis market in Canada. The company is headquartered in Edmonton, Canada. Nova Cannabis Inc. is a subsidiary of Alcanna Inc.
Frequently Asked Questions About Nova Cannabis Inc (NOVC:CA) Stock
Based on ratings from 1 analysts Nova Cannabis Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Very Bullish. The stock has 1 buy, sell and hold ratings.
Unfortunately we do not have enough data on NOVC:CA's stock to indicate if its a good dividend stock.
Based on targets from 1 analysts, the average taret price for NOVC:CA is CAD 3.75 over the next 12 months. The maximum analyst target price is CAD 3.75 while the minimum anlayst target price is CAD 3.75.
NOVC:CA stock's Price/Earning ratio is 30.80.
Our analysis grades NOVC:CA stock's Price / Earning ratio at A+. This means that NOVC:CA stock's Price/Earning ratio is above 0% of the stocks in the Pharmaceutical Retailers sector in the TSX exchange.
Based on this NOVC:CA may be undervalued for its sector.
The last closing price of NOVC:CA's stock was CAD 1.34.
The most recent market capitalization for NOVC:CA is CAD 0.09B.
Based on targets from 1 analysts, the average taret price for NOVC:CA is projected at CAD 3.75 over the next 12 months.
This means that NOVC:CA's stock price may go up by +179.85% over the next 12 months.
We can't find any ETFs which contains Nova Cannabis Inc's stock.
As per our most recent records Nova Cannabis Inc has 719 Employees.
Nova Cannabis Inc's registered address is 17220 Stony Plain Road, Edmonton, AB, Canada, T5S 1K6.
You can get more information about it from Nova Cannabis Inc's website at https://www.novacannabis.ca.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Underpriced on cashflow basis
The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Underpriced on free cash flow basis
The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
There is nothing we particularly dislike
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