Risk factor
Very high price volatility
Profitability factor
Strong margins and returns
About
Novus Acquisition & Development Corp. (NDEV) operates as an insurance provider in California, primarily through its subsidiary, WCIG Insurance Service, Inc. The company offers specialized health policies for the CBD concentrate cannabis market and THC health plans. Additionally, it provides a range of supplementary benefit options, including dental, vision, hearing, and telemedicine services. Established in 1996, the firm was originally known as BrandQuest Development Group, Inc. before rebranding as Novus Acquisition & Development Corp. in April 2009. Its principal office is located in Miami, Florida.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV