Nova Eye Medical Limited designs, develops, manufactures, markets, and sells surgical devices for the treatment of glaucoma in Australia, the United States, Europe, the Asia Pacific, and internationally. The company offers iTrack, a glaucoma surgical device to reduce intraocular pressure in adult patients with open-angle glaucoma; iTrack Advance, a canaloplasty microcatheter which offers malleability and manoeuvrability than common nylon alternatives; Molteno3, a glaucoma drainage device to treat patients with severe or complex glaucoma; and 2RT, a proprietary laser technology to treat patients in early/intermediate age-related macular degeneration. The company was formerly known as Ellex Medical Lasers Limited and changed its name to Nova Eye Medical Limited in July 2020. Nova Eye Medical Limited was incorporated in 1970 and is headquartered in Kent Town, Australia.
Metrics to compare | EYE | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipEYEPeersSector | |
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P/E Ratio | −3.6x | −3.9x | −0.6x | |
PEG Ratio | −0.07 | −0.18 | 0.00 | |
Price/Book | 1.5x | 2.6x | 2.6x | |
Price / LTM Sales | 1.4x | 3.1x | 3.2x | |
Upside (Analyst Target) | 321.4% | 38.7% | 45.4% | |
Fair Value Upside | Unlock | 7.4% | 7.7% | Unlock |