Nova Eye (Australia) Today
| EYE Stock | 0.16 0.02 14.29% |
Performance0 of 100
| Odds Of DistressLess than 29
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Nova Eye is selling for under 0.16 as of the 30th of November 2024; that is 14.29 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.15. Nova Eye has about a 29 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Nova Eye Medical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | Category Healthcare | Classification Health Care |
Nova Eye is entity of Australia. It is traded as Stock on AU exchange. The company has 229.06 M outstanding shares. More on Nova Eye Medical
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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 Eye's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nova Eye or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Founder Chairman | BEng BE | ||||
| Thematic Idea | Drugs (View all Themes) | ||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Drugs, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | ||||
Nova Eye's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nova Eye'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 Eye 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 Eye's financial leverage. It provides some insight into what part of Nova Eye's total assets is financed by creditors.
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Nova Eye Medical (EYE) is traded on Australian Securities Exchange in Australia and employs 14 people. Nova Eye is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 35.5 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova Eye's market, we take the total number of its shares issued and multiply it by Nova Eye'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 Eye Medical operates under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 229.06 M outstanding shares.
Nova Eye Medical has accumulated about 7.42 M in cash with (7.73 M) of positive cash flow from operations.
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Ownership AllocationNova Eye Medical maintains a total of 229.06 Million outstanding shares. Nova Eye Medical secures 18.59 % of its outstanding shares held by insiders and 18.74 % 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.
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Nova Eye Medical Risk Profiles
Although Nova Eye's alpha and beta are two of the key measurements used to evaluate Nova Eye's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.62 | |||
| Standard Deviation | 5.11 | |||
| Variance | 26.11 | |||
| Risk Adjusted Performance | (0.03) |
Nova Stock Against Markets
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Nova Eye Corporate Management
Elected by the shareholders, the Nova Eye's board of directors comprises two types of representatives: Nova Eye 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 Eye's management team and ensure that shareholders' interests are well served. Nova Eye'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 Eye's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BSc FAICD | Advisor Board | Profile | |
| Keith Byrne | Vice Operations | Profile | |
| BEc CA | Company Secretary | Profile | |
| Bill Swaim | Pres Ellex | Profile | |
| Mark Flynn | Investor Relations | Profile |
Additional Tools for Nova Stock Analysis
When running Nova Eye's price analysis, check to measure Nova Eye'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 Eye is operating at the current time. Most of Nova Eye's value examination focuses on studying past and present price action to predict the probability of Nova Eye'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 Eye's price. Additionally, you may evaluate how the addition of Nova Eye to your portfolios can decrease your overall portfolio volatility.