28 institutions hold shares in Novan Inc. (NOVN), with 10.96M shares held by insiders accounting for 7.27% while institutional investors hold 11.14% of the company’s shares. The shares outstanding are 143.35M, and float is at 130.56M with Short Float at 3.12%. Institutions hold 10.33% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 6.96 million shares valued at $5.65 million. The investor’s holdings represent 4.59% of the NOVN Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 3.43 million shares valued at $2.79 million to account for 2.26% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 1.0 million shares representing 0.66% and valued at over $0.81 million, while Bridgeway Capital Management, Inc. holds 0.31% of the shares totaling 0.47 million with a market value of $0.38 million.
Novan Inc. (NASDAQ: NOVN) is 79.58% higher on its value in year-to-date trading and has touched a low of $0.30 and a high of $2.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOVN stock was last observed hovering at around $1.51 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $3.00 for the next 12 months. It is also 67.56% off the consensus price target high of $4.50 offered by 1 analysts, but current levels are 2.67% higher than the price target low of $1.50 for the same period.
Currently trading at $1.46, the stock is -7.97% and -9.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing -3.31% at the moment leaves the stock 70.11% off its SMA200. NOVN registered 295.66% gain for a year compared to 6-month gain of 211.10%. The firm has a 50-day simple moving average (SMA 50) of $1.6300 and a 200-day simple moving average (SMA200) of $0.9962.
The stock witnessed a 1.39% loss in the last 1 month and extending the period to 3 months gives it a 37.74%, and is -8.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.28% over the week and 10.58% over the month.
Novan Inc. (NOVN) has around 23 employees, a market worth around $211.92M and $4.90M in sales. Distance from 52-week low is 386.67% and -43.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-755.40%).
Novan Inc. (NOVN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Novan Inc. (NOVN) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Novan Inc. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $1.1M over the same period.The EPS is expected to grow by 74.60% this year, but quarterly earnings will post -32.30% year-over-year. Quarterly sales are estimated to shrink -9.30% in year-over-year returns.
Novan Inc. (NOVN) Insider Activity
A total of 1 insider transactions have happened at Novan Inc. (NOVN) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by STAFFORD PAULA B, the company’s President and CEO. SEC filings show that STAFFORD PAULA B bought 70,000 shares of the company’s common stock on Mar 26 at a price of $1.43 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.15 million shares.
Novan Inc. (NOVN): Who are the competitors?
Omeros Corporation (OMER) is 29.11% up on the 1-year trading charts. Short interest in the company’s stock has risen 35.19% from the last report on Mar 14, 2021 to stand at a total of 4.07 million short shares sold with a short interest ratio of 0.35.