Novacyt (France) Today
| ALNOV Stock | EUR 0.75 0.04 5.63% |
Performance8 of 100
| Odds Of DistressLess than 9
|
Novacyt is selling at 0.75 as of the 19th of April 2024; that is 5.63 percent up since the beginning of the trading day. The stock's last reported lowest price was 0.74. Novacyt has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Novacyt are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of July 2023 and ending today, the 19th of April 2024. Click here to learn more.
Novacyt S.A. develops and sells diagnostic products for cancer and infectious diseases. The company was founded in 2006 and is based in Vlizy-Villacoublay, France. NOVACYT operates under Biotechnology classification in France and is traded on Paris Stock Exchange. The company has 70.63 M outstanding shares. More on Novacyt
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Novacyt 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. Novacyt's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novacyt or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and Director | Graham Mullis |
| Business Concentration | Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors) |
Novacyt (ALNOV) is traded on Euronext Paris in France and employs 210 people. The company currently falls under 'Micro-Cap' category with a current market capitalization of 48.96 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novacyt's market, we take the total number of its shares issued and multiply it by Novacyt'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. Novacyt operates under Biotechnology sector and is part of Health Care industry. The entity has 70.63 M outstanding shares.
Novacyt has accumulated about 101.75 M in cash with 15.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Check Novacyt Probability Of Bankruptcy
Ownership AllocationNovacyt maintains a total of 70.63 Million outstanding shares. Novacyt secures 3.49 % of its outstanding shares held by insiders and 1.602 % owned by institutional investors. 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.
Check Novacyt Ownership Details
Novacyt Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Novacyt jumping above the current price in 90 days from now is near 1%. The Novacyt probability density function shows the probability of Novacyt stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Novacyt has a beta of -0.5433. This suggests as returns on the benchmark increase, returns on holding Novacyt are expected to decrease at a much lower rate. During a bear market, however, Novacyt is likely to outperform the market. Additionally, novacyt has an alpha of 0.3745, implying that it can generate a 0.37 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Novacyt to move above the current price in 90 days from now is near 1 (This Novacyt probability density function shows the probability of Novacyt Stock to fall within a particular range of prices over 90 days) .
Novacyt Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Novacyt market risk premium is the additional return an investor will receive from holding Novacyt long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Novacyt. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Novacyt's alpha and beta are two of the key measurements used to evaluate Novacyt's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.36 | |||
| Semi Deviation | 2.15 | |||
| Standard Deviation | 3.67 | |||
| Variance | 13.5 |
Novacyt Stock Against Markets
Picking the right benchmark for Novacyt stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Novacyt stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Novacyt is critical whether you are bullish or bearish towards Novacyt at a given time. Please also check how Novacyt's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Novacyt without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Novacyt Corporate Directors
Novacyt corporate directors refer to members of a Novacyt board of directors. The board of directors generally takes responsibility for the Novacyt's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Novacyt's board members must vote for the resolution. The Novacyt board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Andrew Heath | Non-Executive Director | Profile | |
| Anthony Dyer | Fin. Director | Profile | |
| Aymeric Perchant | Research and Development Director | Profile | |
| Jim Wicks | Member of the Executive Team, Managing Director Primer Design Division | Profile |
How to buy Novacyt Stock?
Before investing in Novacyt, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Novacyt. To buy Novacyt stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Novacyt. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Novacyt stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Novacyt stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Novacyt stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Novacyt, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Novacyt?
The danger of trading Novacyt is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Novacyt is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Novacyt. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Novacyt is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Novacyt. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Novacyt Stock analysis
When running Novacyt's price analysis, check to measure Novacyt'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 Novacyt is operating at the current time. Most of Novacyt's value examination focuses on studying past and present price action to predict the probability of Novacyt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novacyt's price. Additionally, you may evaluate how the addition of Novacyt to your portfolios can decrease your overall portfolio volatility.
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