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 operates through Glaucoma Surgical Devices and AlphaRET segments. It offers 2RT, a proprietary laser technology to treat patients in early and intermediate age-related macular degeneration for the treatment of retinal disease. The company offers iTrack, a glaucoma surgical device to reduce intraocular pressure in patients glaucoma; iTrack Advance; and Molteno3, a glaucoma drainage device to treat patients with severe or complex glaucoma. 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.
Price analytics
Returns
1 day
-1.9%
1 week
-3.7%
1 month
-3.7%
3 months
18.2%
6 months
4.0%
1 year
-16.1%
3 years
-42.2%
Risk
Volatility (1y ann.)
68.9%
Beta vs ASX 200
0.57
Sharpe (1y)
0.03
VaR 95% (1-day)
-6.2%
Max drawdown (1y)
-48.7%
Off 1-year high
-33.3%
Technicals
RSI(14)
45
vs 50DMA
-5.7%
vs 200DMA
-4.3%
Trend
Golden cross
Fundamental trends
Financial statements
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Scoring breakdown
(2 Oct 2026)
Value73.4
Trailing P/E
—
Forward P/E
69
PEG ratio
26
EV / EBITDA
100
Price / Book
75
Price / Sales
97
Growth100.0
Revenue growth (1y)
100
Revenue CAGR (3y)
100
EPS growth (1y)
—
EPS CAGR (3y)
—
Financial Health80.1
Net debt / EBITDA
—
Interest coverage (EBIT/interest)
—
Current ratio
55
Debt / Equity
100
Quality (Profitability & Cash Flow)0.0
Return on equity
0
Return on assets
0
Operating margin
0
Net margin
0
Cash conversion (OCF / net income)
—
Dividend / Income—
No meaningful dividend — pillar excluded from the overall score.
Momentum38.7
6-month return vs ASX 200
59
Price vs 200-day average
36
Price vs 50-day average
22
Position in 52-week range
29
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