What is the price target for NOVC stock?
8 analysts have analysed NOVC.CA and the average price target is 3.57 CAD. This implies a price increase of 104% is expected in the next year compared to the current price of 1.75.
NOVA CANNABIS INC (NOVC.CA) Forecast, Price Target & Analyst Ratings
TSX:NOVC • CA66980W1041
Current stock price
1.75 CAD
0 (0%)
Last:
Analyst forecast overview
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for NOVA CANNABIS INC (NOVC.CA).
Forecast Snapshot
Next Earnings Forecast
Earnings Estimate- Release Date
- Nov 6, 2024
- Period
- Q3 / 2024
- EPS Estimate
- CA$0.01
- Revenue Estimate
- 70.688M
Price Target Details & History
Consensus Price Target and Range
Mean target
CA$3.57
Upside
+ 104.00%
From current price of CA$1.75 to mean target of CA$3.57, Based on 8 analyst forecasts
Low
CA$3.54
Median
CA$3.57
High
CA$3.68
Price Target Revisions
1 Month
-3.45%
3 Months
-3.45%
Price Target Summary
8 Wall Street analysts provided a forecast for the next 12 months for NOVC.CA. The average price target is 3.57 CAD. This implies a price increase of 104% is expected in the next year compared to the current price of 1.75.
The average price target has been revised downward by 3.45% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
85.00%
NOVC.CA was analyzed by 8 analysts. The buy percentage consensus is at 85. So analysts seem to be very confident about NOVC.CA.
In the previous month the buy percentage consensus was at a similar level.
NOVC.CA was analyzed by 8 analysts. More opinions would make the average more meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2022-08-15 | Eight Capital | Downgrade | |
| 2022-05-11 | Eight Capital | Downgrade | Buy |
| 2021-08-16 | Eight Capital | Upgrade |
Next Earnings Forecast Details
Next Earnings Details
- Release Date
- Nov 6, 2024
- Period
- Q3 / 2024
- EPS Estimate
- CA$0.01
- Revenue Estimate
- 70.688M
- Revenue Q2Q
- 4.37%
- EPS Q2Q
- N/A
- Number of Analysts
- 4
Next Earnings Revisions
Revenue (1 Month)
0.00%
Revenue (3 Months)
-2.04%
EPS (1 Month)
0.00%
EPS (3 Months)
-60.00%
Next Earnings Summary
NOVC.CA is expected to report earnings on 11/6/2024. The consensus EPS estimate for the next earnings is 0.01 CAD and the consensus revenue estimate is 70.69M CAD.
The next earnings revenue estimate has been revised downward by 2.04% in the past 3 months.
Full Analyst Estimates 2024 - 2030
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 134.4M 112.32% | 226.4M 68.45% | 259.325M 14.54% | 280.42M 8.13% | 322.83M 15.12% | 391.88M 21.39% | 445.38M 13.65% | 521.81M 17.16% | 608.44M 16.60% | 700.17M 15.08% | |
| EBITDA YoY % growth | -2.65M -138.46% | 8.9M 435.85% | 21.802M 144.97% | 20.229M -7.21% | 29.881M 47.71% | 45.567M 52.49% | 56.706M 24.45% | 69.869M 23.21% | 85.058M 21.74% | 102.27M 20.24% | |
| EBIT YoY % growth | -12.7M -1,158.33% | -2M 84.25% | 10.409M 620.45% | 12.954M 24.45% | 22.44M 73.23% | N/A | N/A | N/A | N/A | N/A | |
| Operating Margin | -9.45% | -0.88% | 4.01% | 4.62% | 6.95% | N/A | N/A | N/A | N/A | N/A | |
| EPS YoY % growth | N/A | N/A 38.46% | N/A 218.75% | 0.07 -26.32% | 0.20 185.71% | N/A | N/A | N/A | N/A | N/A |
All data in CAD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q3 / 24 | Q4 / 24 | |
|---|---|---|
| EPS Q2Q % growth | 0.01 | 0.04 -10.75% |
| Revenue Q2Q % growth | 70.688M 4.37% | 75.858M 12.57% |
| EBITDA Q2Q % growth | 4.846M -60.44% | 6.917M -54.69% |
| EBIT Q2Q % growth | N/A | N/A |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
N/A
EPS Next 5 Year
N/A
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
13.72%
Revenue Next 5 Year
14.38%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
64.15%
EBIT Next 5 Year
46.65%
NOVA CANNABIS INC / NOVC.CA Forecast FAQ
When does NOVA CANNABIS INC (NOVC.CA) report earnings?
NOVA CANNABIS INC (NOVC.CA) will report earnings on 2024-11-06.
Can you provide the consensus estimates for NOVA CANNABIS INC next earnings?
The consensus EPS estimate for the next earnings of NOVA CANNABIS INC (NOVC.CA) is 0.01 CAD and the consensus revenue estimate is 70.69M CAD.
What is the expected long term growth rate for NOVC stock?
The expected long term growth rate for NOVA CANNABIS INC (NOVC.CA) is 13.72%.