Cancel anytime
Nova Vision Acquisition Corp. Rights (NOVVR)NOVVR
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
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 | Today’s Advisory: SELL |
Historic Profit: -60.63% | Upturn Advisory Performance 1 | Avg. Invested days: 13 |
Profits based on simulation | Stock 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 | Stock Returns Performance 1 |
Profits based on simulation Last Close 09/17/2024 | Upturn Advisory Performance 1 |
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 - | Strong Sell - |
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.