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.
諾華公司(上海證券交易所股票代碼:688300)的每一位投資者都應該知道最強大的股東羣體。持有該公司股份最多的集團,準確地説約為41%,是個人內部人士。也就是説,如果股價上漲,該集團將受益最大(如果股價下跌,該集團將損失最大)。
上週,內部人士遭受了最大的損失,該股下跌5.8%。
讓我們仔細看看不同類型的股東能為我們提供什麼關於Novoray的信息。
查看我們對Novoray的最新分析
上海證交所:688300所有權明細2022年11月29日
關於Novoray,機構所有權告訴了我們什麼?
機構通常在向自己的投資者報告時,以基準來衡量自己,因此一旦一隻股票被納入主要指數,它們往往會對這隻股票變得更加熱情。我們預計,大多數公司都會有一些機構登記在冊,特別是在它們正在增長的情況下。
我們可以看到,Novoray確實有機構投資者;他們持有公司很大一部分股票。這表明在專業投資者中有一定的可信度。但我們不能僅僅依靠這一事實,因為機構有時會做出糟糕的投資,就像每個人一樣。如果兩個大型機構投資者試圖同時拋售一隻股票,股價大幅下跌的情況並不少見。因此,值得查看一下Novoray過去的收益軌跡(見下圖)。當然,請記住,還有其他因素需要考慮。
上海證交所:688300收益和收入增長2022年11月29日
我們注意到,對衝基金在Novoray沒有有意義的投資。該公司首席執行長Li是最大股東,持有38%的流通股。相比之下,第二大和第三大股東分別持有約23%和1.9%的股份。
對股東登記的更詳細的研究表明,兩個最大的股東通過他們61%的股份在公司擁有相當大的所有權。
雖然研究一家公司的機構所有權數據是有意義的,但研究分析師的情緒以瞭解風向也是有意義的。雖然有一些分析師的報道,但該公司可能沒有得到廣泛的報道。因此,它可以獲得更多的關注,在賽道上。
Novoray的內部所有權
不同國家對內部人的定義可能略有不同,但董事會成員總是算數的。管理層最終要向董事會負責。然而,經理人擔任執行董事會成員並不少見,尤其是如果他們是創始人或首席執行官的話。
大多數人認為內部人持股是積極的,因為它可以表明董事會與其他股東很好地結盟。然而,在某些情況下,太多的權力集中在這個羣體中。
我們的最新數據顯示,內部人士持有Novoray公司相當比例的股份。它的市值僅為人民幣62億元,內部人士以自己的名義持有價值人民幣26億元的股票。我們會説,這表明了與股東的一致,但值得注意的是,該公司仍相當小;一些內部人士可能創建了這家企業。你可以點擊這裏,看看這些內部人士是一直在買入還是賣出。
一般公有制
包括散户投資者在內的普通公眾持有該公司18%的股份,因此不能輕易忽視。儘管這種規模的所有權可能不足以影響有利於他們的政策決定,但他們仍然可以對公司政策產生集體影響。
上市公司所有權
上市公司目前持有Novoray公司23%的股份。很難説肯定,但這表明他們的商業利益交織在一起。這可能是一個戰略利害關係,因此值得關注這一所有權變化的空間。
接下來的步驟:
擁有一家公司股票的不同集團總是值得考慮的。但為了更好地理解Novoray,我們需要考慮許多其他因素。例如,我們已經確定諾沃雷的2個警示標誌這一點你應該知道。
如果你更願意瞭解分析師對未來增長的預測,請不要錯過這一預期免費關於分析師預測的報告。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。