Nova Vision Acquisition (NOVV) vs. Its Peers Financial Analysis
by Kim Johansen · The Markets DailyNova Vision Acquisition (NASDAQ:NOVV – Get Free Report) is one of 665 publicly-traded companies in the “Holding & other investment offices” industry, but how does it weigh in compared to its peers? We will compare Nova Vision Acquisition to related companies based on the strength of its dividends, profitability, risk, institutional ownership, valuation, analyst recommendations and earnings.
Institutional and Insider Ownership
37.4% of Nova Vision Acquisition shares are owned by institutional investors. Comparatively, 53.7% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 43.3% of Nova Vision Acquisition shares are owned by insiders. Comparatively, 25.9% of shares of all “Holding & other investment offices” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Profitability
This table compares Nova Vision Acquisition and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Nova Vision Acquisition | N/A | -2.84% | 0.50% |
| Nova Vision Acquisition Competitors | -18.97% | -42.49% | -0.62% |
Analyst Ratings
This is a summary of recent ratings and price targets for Nova Vision Acquisition and its peers, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Nova Vision Acquisition | 0 | 0 | 0 | 0 | N/A |
| Nova Vision Acquisition Competitors | 128 | 727 | 959 | 18 | 2.47 |
As a group, “Holding & other investment offices” companies have a potential upside of 54.92%. Given Nova Vision Acquisition’s peers higher probable upside, analysts plainly believe Nova Vision Acquisition has less favorable growth aspects than its peers.
Earnings & Valuation
This table compares Nova Vision Acquisition and its peers gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Nova Vision Acquisition | N/A | $150,000.00 | 1,850.01 |
| Nova Vision Acquisition Competitors | $972.03 million | $76.39 million | 64.53 |
Nova Vision Acquisition’s peers have higher revenue and earnings than Nova Vision Acquisition. Nova Vision Acquisition is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Volatility and Risk
Nova Vision Acquisition has a beta of -0.01, indicating that its stock price is 101% less volatile than the S&P 500. Comparatively, Nova Vision Acquisition’s peers have a beta of 0.03, indicating that their average stock price is 97% less volatile than the S&P 500.
Nova Vision Acquisition Company Profile
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.