Every investor in Novoray Corporation (SHSE:688300) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 41% to be precise, is individual insiders. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
And last week, insiders endured the biggest losses as the stock fell by 5.8%.
Let's take a closer look to see what the different types of shareholders can tell us about Novoray.
See our latest analysis for Novoray
SHSE:688300 Ownership Breakdown November 29th 2022
What Does The Institutional Ownership Tell Us About Novoray?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that Novoray does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Novoray, (below). Of course, keep in mind that there are other factors to consider, too.
SHSE:688300 Earnings and Revenue Growth November 29th 2022
We note that hedge funds don't have a meaningful investment in Novoray. The company's CEO Xiaodong Li is the largest shareholder with 38% of shares outstanding. In comparison, the second and third largest shareholders hold about 23% and 1.9% of the stock.
A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 61% stake.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
Insider Ownership Of Novoray
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own a reasonable proportion of Novoray Corporation. It has a market capitalization of just CN¥6.2b, and insiders have CN¥2.6b worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 18% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Public Company Ownership
Public companies currently own 23% of Novoray stock. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Novoray better, we need to consider many other factors. For instance, we've identified 2 warning signs for Novoray that you should be aware of.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
诺华公司(上海证券交易所股票代码:688300)的每一位投资者都应该知道最强大的股东群体。持有该公司股份最多的集团,准确地说约为41%,是个人内部人士。也就是说,如果股价上涨,该集团将受益最大(如果股价下跌,该集团将损失最大)。
上周,内部人士遭受了最大的损失,该股下跌5.8%。
让我们仔细看看不同类型的股东能为我们提供什么关于Novoray的信息。
查看我们对Novoray的最新分析
上海证交所:688300所有权明细2022年11月29日
关于Novoray,机构所有权告诉了我们什么?
机构通常在向自己的投资者报告时,以基准来衡量自己,因此一旦一只股票被纳入主要指数,它们往往会对这只股票变得更加热情。我们预计,大多数公司都会有一些机构登记在册,特别是在它们正在增长的情况下。
我们可以看到,Novoray确实有机构投资者;他们持有公司很大一部分股票。这表明在专业投资者中有一定的可信度。但我们不能仅仅依靠这一事实,因为机构有时会做出糟糕的投资,就像每个人一样。如果两个大型机构投资者试图同时抛售一只股票,股价大幅下跌的情况并不少见。因此,值得查看一下Novoray过去的收益轨迹(见下图)。当然,请记住,还有其他因素需要考虑。
上海证交所:688300收益和收入增长2022年11月29日
我们注意到,对冲基金在Novoray没有有意义的投资。该公司首席执行长Li是最大股东,持有38%的流通股。相比之下,第二大和第三大股东分别持有约23%和1.9%的股份。
对股东登记的更详细的研究表明,两个最大的股东通过他们61%的股份在公司拥有相当大的所有权。
虽然研究一家公司的机构所有权数据是有意义的,但研究分析师的情绪以了解风向也是有意义的。虽然有一些分析师的报道,但该公司可能没有得到广泛的报道。因此,它可以获得更多的关注,在赛道上。
Novoray的内部所有权
不同国家对内部人的定义可能略有不同,但董事会成员总是算数的。管理层最终要向董事会负责。然而,经理人担任执行董事会成员并不少见,尤其是如果他们是创始人或首席执行官的话。
大多数人认为内部人持股是积极的,因为它可以表明董事会与其他股东很好地结盟。然而,在某些情况下,太多的权力集中在这个群体中。
我们的最新数据显示,内部人士持有Novoray公司相当比例的股份。它的市值仅为人民币62亿元,内部人士以自己的名义持有价值人民币26亿元的股票。我们会说,这表明了与股东的一致,但值得注意的是,该公司仍相当小;一些内部人士可能创建了这家企业。你可以点击这里,看看这些内部人士是一直在买入还是卖出。
一般公有制
包括散户投资者在内的普通公众持有该公司18%的股份,因此不能轻易忽视。尽管这种规模的所有权可能不足以影响有利于他们的政策决定,但他们仍然可以对公司政策产生集体影响。
上市公司所有权
上市公司目前持有Novoray公司23%的股份。很难说肯定,但这表明他们的商业利益交织在一起。这可能是一个战略利害关系,因此值得关注这一所有权变化的空间。
接下来的步骤:
拥有一家公司股票的不同集团总是值得考虑的。但为了更好地理解Novoray,我们需要考虑许多其他因素。例如,我们已经确定诺沃雷的2个警示标志这一点你应该知道。
如果你更愿意了解分析师对未来增长的预测,请不要错过这一预期免费关于分析师预测的报告。
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。