Novan, Inc. (NASDAQ:NOVN) registered a -9.47% decrease, still its new closing price is 25.00% up from the company’s 1 year high of 30.90.It posted -77.10% losses in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 3 stock analysts following this company have an average price target at $22.00, with individual PT in the $6.00-$35.00 range. The shares moved at $4.40, implying that brokerage firms see shares gaining about – in twelve months time.
Novan, Inc. (NOVN) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -83.72% fall year to date. A 10% Owner at Novan, Inc. (NOVN) acquired shares in a transaction closed on Monday September 26, 2016. Malin Life Sciences Holdings L bought 800,000 shares in the company at $11 each and collected $8,800,000 in proceeds. Malin Life Sciences Holdings L now owns 2,623,485 shares in the company after this transaction. A 10% Owner in the company, OSS CAPITAL MANAGEMENT, disclosed a transaction on Tuesday March 10, 2009 that ended up generating $101,001 from the sale of 11,324 shares at $9 per share.
Novan, Inc. (NASDAQ:NOVN) Upcoming Results on Tap
Novan, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.64 in that period. Sales during the quarter are predicted to arrive at $0.
Earnings surprise history: Last quarter, the company posted approximately $0 in revenue and EPS of $-5.76. The mean forecast was for $0 and $-1.40 a share, respectively.
Novan, Inc. (NOVN) Brokerage Update
Novan, Inc. (NOVN) is in Ladenburg Thalmann’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Ladenburg Thalmann, according to news reported on Wednesday July 15, 2009.Another important research note was issued by Caris & Company on Wednesday July 15, 2009.The firm downgraded NOVN to Average from Buy. Over the last six months and over the last three months, the shares of Novan, Inc. (NOVN), have changed – and -78.95%, respectively.