Comparing Nova Vision Acquisition (NOVV) and the Competition

Nova Vision Acquisition (NASDAQ:NOVV – Get Free Report) is one of 668 publicly traded companies in the “Holding and other investment offices” industry, but how does it weigh in against its competitors? We will compare Nova Vision Acquisition to similar businesses based on its institutional ownership strength, valuation, analyst recommendations, risk, profitability, earnings and dividends.

return

This table compares Nova Vision Acquisition and its competitors’ net margins, return on equity and return on assets.

Risk and volatility

Nova Vision Acquisition has a beta of -0.01, suggesting that its stock price is 101% less volatile than the S&P 500. Comparatively, Nova Vision Acquisition’s competitors have a beta of 0.03, suggesting that their price the stock’s average is 97% less volatile than the S&P 500.

Analyst recommendations

This is a summary of recent ratings and price targets for Nova Vision Acquisition and its competitors, as provided by MarketBeat.

As a group, “Holding and other investment offices” companies have a potential growth of 57.09%. Given Nova Vision Acquisition’s competitors clearly have higher upside, analysts plainly believe Nova Vision Acquisition has less favorable growth prospects than its competitors.

Earnings and Rating

This table compares Nova Vision Acquisition’s revenue, earnings per share and valuation to its competitors.

Nova Vision Acquisition’s competitors have higher revenue and earnings than Nova Vision Acquisition. Nova Vision Acquisition is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Institutional and privileged ownership

37.4% of Nova Vision Acquisition shares are owned by institutional investors. Comparatively, 53.8% of shares of all “Holding and other investment offices” companies are held by institutional investors. 43.3% of Nova Vision Acquisition shares are owned by insiders. Comparatively, 25.9% of shares of all “Holding and other investment offices” companies are owned by insiders. Strong institutional ownership is an indication that endowments, big money managers and hedge funds believe a stock will outperform the market over the long term.

Nova Vision Acquisition Company Profile

(Get a free report)

Nova Vision Acquisition Corporation has no significant operations. The Company intends to effect a merger, stock exchange, asset acquisition, stock 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 established in 2021 and is headquartered in Singapore.

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