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NOVC Stock Overview
Operates retail cannabis stores with a focus on the recreational-use cannabis market in Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Nova Cannabis Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$1.75 |
| 52 Week High | CA$2.08 |
| 52 Week Low | CA$0.62 |
| Beta | -2.06 |
| 1 Month Change | 1.16% |
| 3 Month Change | 43.44% |
| 1 Year Change | 133.33% |
| 3 Year Change | -45.31% |
| 5 Year Change | n/a |
| Change since IPO | -42.24% |
Recent News & Updates
Recent updates
Positive Sentiment Still Eludes Nova Cannabis Inc. (TSE:NOVC) Following 26% Share Price Slump
Apr 26
Sentiment Still Eluding Nova Cannabis Inc. (TSE:NOVC)
Feb 29Nova Cannabis (TSE:NOVC) Has A Somewhat Strained Balance Sheet
Jan 24Nova Cannabis Inc.'s (TSE:NOVC) Intrinsic Value Is Potentially 86% Above Its Share Price
Dec 20A Piece Of The Puzzle Missing From Nova Cannabis Inc.'s (TSE:NOVC) Share Price
Jul 14Shareholder Returns
| NOVC | CA Specialty Retail | CA Market | |
|---|---|---|---|
| 7D | 1.2% | -0.6% | -3.7% |
| 1Y | 133.3% | 36.2% | 15.0% |
Return vs Industry: NOVC exceeded the Canadian Specialty Retail industry which returned 44.4% over the past year.
Return vs Market: NOVC exceeded the Canadian Market which returned 27.5% over the past year.
Price Volatility
| NOVC volatility | |
|---|---|
| NOVC Average Weekly Movement | 10.4% |
| Specialty Retail Industry Average Movement | 4.2% |
| Market Average Movement | 8.2% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 2.9% |
Stable Share Price: NOVC has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: NOVC's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 719 | Grant Sanderson | www.novacannabis.ca |
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 SNDL Inc.
Nova Cannabis Inc. Fundamentals Summary
| NOVC fundamental statistics | |
|---|---|
| Market cap | CA$108.64m |
| Earnings (TTM) | CA$3.06m |
| Revenue (TTM) | CA$268.56m |
35.5x
P/E Ratio0.4x
P/S RatioIs NOVC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NOVC income statement (TTM) | |
|---|---|
| Revenue | CA$268.56m |
| Cost of Revenue | CA$201.89m |
| Gross Profit | CA$66.67m |
| Other Expenses | CA$63.61m |
| Earnings | CA$3.06m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.049 |
| Gross Margin | 24.83% |
| Net Profit Margin | 1.14% |
| Debt/Equity Ratio | 21.1% |
How did NOVC perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/21 19:33 |
| End of Day Share Price | 2024/10/21 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nova Cannabis Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Frederico Yokota Choucair Gomes | ATB Capital Markets |
| Ty Collin | Eight Capital |