$NOVN, Novan, Inc. (NOVN) earnings reaction histo
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Novan, Inc. (NOVN) earnings reaction history in focus
February 26, 2017
Novan, Inc. (NASDAQ:NOVN) is trading up on a volume of 0.11 million, or 0.27 times its standard daily volume. Shares have added 3.66% to $5.1. It has gained $25.8 (-83.49%) since hitting a 52-week high price of $30.9 on December 07, 2016. The stock has moved down across its 50-day moving average of $12.01. The trade volumes are expected to remain volatile during earnings announcement period, as many investors would reconsider their investment in Novan, Inc. based on the results.
Novan, Inc. (NASDAQ:NOVN) Earnings Analysis
Over the couple years NOVN has established a strong pattern of missing Street earnings views 100% of the time, according to historical earnings data, met predictions on 0 occasions and surpassed estimates 0 times over the last couple years. As the past trend shows, Novan, Inc.’s stock price has plunged after earnings in 1 of the last 1 quarters. It is predicted to add 0% on day 1 and jump 1% on day 7 after the company reports upcoming earnings.
More analysts at Reuters have a buy or better ratings (2) on the Novan, Inc. stock than those who have a hold (1) rating while the 12-month target price suggested by the average analysts is $13.33.
Novan, Inc. (NOVN) Post Earnings Announcement Drift
February 20, 2017: Novan, Inc. (NASDAQ:NOVN) reported Q3 earnings loss of -$5.76, missing consensus estimates of -$1.4. Post-earnings, NOVN stock ranged between $5.26 and $5.94 after opening the day (02/21/2017) at $5.6. It closed the session at $5.57 with a volume of 290100 shares.
February 13, 2017: Post-earnings, NOVN stock ranged between $4.2 and $4.82 after opening the day (02/14/2017) at $4.27. It closed the session at $4.79 with a volume of 433700 shares.
November 14, 2016: Post-earnings, NOVN stock ranged between $19 and $22.21 after opening the day (11/15/2016) at $21.81. It closed the session at $21.52 with a volume of 120400 shares.
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