Analyzing Nova Vision Acquisition (NOVV) and The Competition

Nova Vision Acquisition (NASDAQ:NOVV) is one of 660 public companies in the “Holding & other investment offices” industry, but how does it compare to its peers? We will compare Nova Vision Acquisition to similar businesses based on the strength of its earnings, valuation, institutional ownership, analyst recommendations, dividends, profitability and risk.

Valuation and Earnings

This table compares Nova Vision Acquisition and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Nova Vision Acquisition	N/A	$150,000.00	1,850.01
Nova Vision Acquisition Competitors	$562.01 million	$44.25 million	75.00

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.

Insider and Institutional Ownership

37.4% of Nova Vision Acquisition shares are held by institutional investors. Comparatively, 54.3% of shares of all “Holding & other investment offices” companies are held by institutional investors. 43.3% of Nova Vision Acquisition shares are held by insiders. Comparatively, 26.1% of shares of all “Holding & other investment offices” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations 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	115	685	933	19	2.49

As a group, “Holding & other investment offices” companies have a potential upside of 53.96%. Given Nova Vision Acquisition’s peers higher probable upside, analysts clearly believe Nova Vision Acquisition has less favorable growth aspects than its peers.

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	-11.59%	-45.10%	0.85%

Volatility & Risk

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 0.04, meaning that their average share price is 96% less volatile than the S&P 500.

Summary

Nova Vision Acquisition peers beat Nova Vision Acquisition on 6 of the 10 factors compared.

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.