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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 |
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 |
| 11 Month Change | 1.16% |
| 3 Month Change | 43.44% |
| 1 Year Change | 133.33% |
| 33 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% | -0.2% | 0.4% |
| 1Y | 133.3% | 42.7% | 21.4% |
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 | 4.6% |
| Market Average Movement | 8.3% |
| 10% most volatile stocks in CA Market | 17.7% |
| 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 comparison