What is the stock price forecast of Novan for the next 12 months?
The average Novan stock forecast price is $19, with $3 representing the minimum price forecast and $30 the highest. According to the forecast made by 3 analysts, Novan Inc stock is a good investment opportunity with a potential upside of 152% in the next 12 months.
According to analysts’ forecasts, is NOVN stock expected to go up?
Analysts believe that in the short term, Novan stock is to Buy. Out of 3 analysts, 2 (66.67%) think that NOVN is a strong buy, 1 (33.33%) think that NOVN is a buy, 0 (0%) think that NOVN is a hold, 0 (0) think that NOVN is a sell, 0 (0%) think that NOVN is a strong sell. As per the middle term, analysts expect Novan stock to upside, reaching a maximum forecasted price of $30.
How much can I expect to make investing in NOVN in 12 months?
Analysts predict the price of NOVN to reach $19 next year. If correct, $2800 invested on Oct 7th, 2021 would result in a profit of $4082. To give a perspective, shares of 2800 bought on Dec 21st, 2020 would have returned on Oct 7th, 2021 $367, hence a 13.1% return on investment.
What is Novan's ROE, ROA, and EPS forecast?
Analysts forecast Novan's ROE to increase by -85.55% in the next three years. They expect the industry to grow by 20.61% and the US market to grow by 27.65% during the same period. Novan's ROA instead is likely to increase by -34.69% versus a 6.56% forecast industry growth. Similarly, Novan''s EPS is expected to reach -$1.79 (-5.29%) in one year, -$1.31 (-30.69%) in two years, and $0.27 (-114.29%) in three years.