Critical Review: Nova Vision Acquisition (NOVV) and Its Peers

Nova Vision Acquisition (NASDAQ:NOVV) is one of 668 public companies in the “Holding & other investment offices” industry, but how does it contrast to its peers? We will compare Nova Vision Acquisition to related companies based on the strength of its risk, earnings, institutional ownership, dividends, valuation, analyst recommendations and profitability.

Risk & Volatility

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

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%

Earnings & Valuation

This table compares Nova Vision Acquisition and its peers 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	65.06

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.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Nova Vision Acquisition and its peers, as reported by MarketBeat.

	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 57.09%. Given Nova Vision Acquisition’s peers higher possible upside, analysts clearly believe Nova Vision Acquisition has less favorable growth aspects than its peers.

Insider & Institutional Ownership

37.4% of Nova Vision Acquisition shares are owned by institutional investors. Comparatively, 53.8% 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 large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

About Nova Vision Acquisition

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.