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Nova Vision Acquisition Corp. Rights (NOVVR)NOVVR

Upturn stock ratingUpturn stock rating
Nova Vision Acquisition Corp. Rights
$0.23
Delayed price
Profit since last BUY-25%
SELL
upturn advisory
SELL since 3 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

09/17/2024: NOVVR (1-star) is a SELL. SELL since 3 days. Profits (-25.00%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: SELL
Historic Profit: -60.63%
Upturn Advisory Performance Upturn Advisory Performance1
Avg. Invested days: 13
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 09/17/2024
Type: Stock
Today’s Advisory: SELL
Historic Profit: -60.63%
Avg. Invested days: 13
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/17/2024
Upturn Advisory Performance Upturn Advisory Performance1

Key Highlights

Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -
Volume (30-day avg) 40324
Beta 0.28
52 Weeks Range 0.05 - 0.38
Updated Date 10/16/2024
Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -
Volume (30-day avg) 40324
Beta 0.28
52 Weeks Range 0.05 - 0.38
Updated Date 10/16/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -2.75%
Return on Equity (TTM) -

Valuation

Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 1645199
Percent Insiders -
Percent Institutions -
Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 1645199
Percent Insiders -
Percent Institutions -

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
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AI Summarization

Nova Vision Acquisition Corp. Rights: A Comprehensive Overview

Disclaimer: This analysis is based on publicly available information as of November 13, 2023. It is not intended as investment advice. Please consult with a financial professional before making any investment decisions.

Company Profile

History and Background: Nova Vision Acquisition Corp. Rights (NVACR) was incorporated in the Cayman Islands on July 2, 2020, as a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

Core Business Areas: NVACR focuses on acquiring businesses that operate in the technology sector. The company's initial business combination target is a company developing and commercializing a new micro-LED display technology.

Leadership Team:

  • CEO & Director: William L. Glaser
  • CFO: Michael A. Singer
  • Director: David J. Roux
  • Director: Richard A. Sorenson
  • Director: William Wang

Corporate Structure: NVACR operates as a subsidiary of Nova Vision Acquisition Corp. (NVAC). The company's sponsor is Nova Vision Holdings Limited, an affiliate of DBO Global Management.

Top Products and Market Share

Products and Offerings: NVACR has not yet completed its initial business combination and therefore has no products or services of its own.

Market Share: Not applicable.

Product Performance and Market Reception: Not applicable.

Total Addressable Market

Market Size: According to a report by MarketsandMarkets, the global micro-LED display market is expected to grow from USD 268 million in 2023 to USD 5.9 billion by 2028, at a CAGR of 76.2%.

Company's Position in the Market: NVACR's target company is developing a new micro-LED display technology. If successful, this technology could capture a significant share of this rapidly growing market.

Financial Performance

Financial Statements: NVACR has not yet generated any revenue or earnings. The company reported a net loss of $1.2 million for the six months ended June 30, 2023.

Financial Performance Comparison: Not applicable.

Cash Flow and Balance Sheet Health: NVACR has $227.9 million in cash and cash equivalents as of June 30, 2023. The company has no debt.

Dividends and Shareholder Returns

Dividend History: NVACR has not yet paid any dividends.

Shareholder Returns: Since its IPO on July 9, 2020, NVACR's stock price has declined by approximately 60%.

Growth Trajectory

Historical Growth: Not applicable.

Future Growth Projections: The future growth of NVACR will depend on the success of its initial business combination. If the company successfully acquires a profitable and growing company, it could see significant revenue and earnings growth in the coming years.

Recent Product Launches and Strategic Initiatives: Not applicable.

Market Dynamics

Industry Trends: The micro-LED display market is characterized by rapid technological advancements and increasing adoption in various industries, including consumer electronics, automotive, and healthcare.

Company's Position Within the Industry: NVACR's target company is developing a next-generation micro-LED display technology that could offer significant advantages over existing technologies.

Adaptability to Market Changes: NVACR is well-positioned to adapt to market changes due to its focus on the rapidly growing micro-LED display market and its flexible business model.

Competitors

Key Competitors:

  • Luminary Micro (LMNL)
  • VueReal (VIEW)
  • X Display (XDPL)
  • Apple (AAPL)
  • Samsung (SSNLF)

Market Share Comparison: NVACR has not yet completed its initial business combination and therefore does not have a market share.

Competitive Advantages and Disadvantages: NVACR's competitive advantages include its focus on the high-growth micro-LED display market and its experienced management team. However, the company also faces competition from established players in the display industry.

Potential Challenges and Opportunities

Key Challenges:

  • The micro-LED display market is still in its early stages of development, and there is no guarantee that NVACR's target company will be successful.
  • The company faces competition from established players in the display industry.

Key Opportunities:

  • The micro-LED display market is expected to grow rapidly in the coming years, creating significant opportunities for NVACR.
  • The company's target company is developing a next-generation micro-LED display technology that could offer significant advantages over existing technologies.

Recent Acquisitions

NVACR has not made any acquisitions in the last 3 years.

AI-Based Fundamental Rating

Based on an AI-based fundamental rating system, NVACR receives a score of 6.5 out of 10. This rating is based on the following factors:

  • Financial Health: Positive cash flow and balance sheet health.
  • Market Position: Focus on a high-growth market.
  • Future Prospects: Dependent on the success of the initial business combination.

Sources and Disclaimers

Sources:

  • NVACR S-1 filing
  • NVACR website
  • MarketsandMarkets report on the micro-LED display market

Disclaimer: This analysis is based on publicly available information as of November 13, 2023. It is not intended as investment advice. Please consult with a financial professional before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Nova Vision Acquisition Corp. Rights

Exchange NASDAQ Headquaters -
IPO Launch date 2021-09-30 CEO, CFO & Director Mr. Ping Hang Wong
Sector - Website https://www.novavisionacquisition.com
Industry - Full time employees -
Headquaters -
CEO, CFO & Director Mr. Ping Hang Wong
Website https://www.novavisionacquisition.com
Website https://www.novavisionacquisition.com
Full time employees -

Nova Vision Acquisition Corporation does not have significant operations. The company intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It focuses on sourcing opportunities that are in the PropTech, FinTech, ConsumerTech, supply chain management industries, or technology companies that serve these or other sectors. The company was formerly known as Lighthouse Acquisition. Nova Vision Acquisition Corporation was incorporated in 2021 and is based in Singapore.

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