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Nova Eye Medical Ltd ELXMF

Morningstar Rating
$0.10 −0.09 (46.24%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

ELXMF is trading at a 534% premium.
Price
$0.10
Fair Value
$3.89
Uncertainty
Extreme
1-Star Price
$7.78
5-Star Price
$7.33
Economic Moat
Hgrd
Capital Allocation
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Trading Information

Previous Close Price
$0.19
Day Range
$0.100.10
52-Week Range
$0.100.19
Bid/Ask
$0.00 / $0.10
Market Cap
$16.69 Mil
Volume/Avg
8,100 / 8,100

Key Statistics

Price/Earnings (Normalized)
Price/Sales
1.40
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Nova Eye Medical Ltd is a medical technology company that develops, manufactures and sells a portfolio of proprietary ophthalmic treatment technologies and devices. Used by eye surgeons globally, these technologies include iTrack minimally invasive glaucoma surgery (MIGS), a consumable surgical device that restores the eye's natural outflow pathway to lower pressure inside the eye and to eliminate patient reliance on anti-glaucoma medications for mild-moderate glaucoma. The company's operating segment include AlphaRET and Glaucoma Surgical Devices, it generates maximum revenue from Glaucoma Surgical Devices. Geographically, it derives a majority of revenue from the United States of America.
Sector
Healthcare
Industry
Medical Devices
Stock Style Box
Small Value
Total Number of Employees
301

Valuation

Metric
ELXMF
Price/Earnings (Normalized)
Price/Book Value
1.27
Price/Sales
1.40
Price/Cash Flow
Price/Earnings
ELXMF

Financial Strength

Metric
ELXMF
Quick Ratio
0.77
Current Ratio
1.47
Interest Coverage
−423.65
Quick Ratio
ELXMF

Profitability

Metric
ELXMF
Return on Assets (Normalized)
−30.83%
Return on Equity (Normalized)
−40.41%
Return on Invested Capital (Normalized)
−38.09%
Return on Assets
ELXMF
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