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Nova Leap Health (NLH) AI Stock Analysis

TSE:NLH

Nova Leap Health

(TSXV:NLH)

Select Model
Rating:68Neutral
Price Target:CAD 0.47â–¼(-6.20% Downside)
Action:reiterated
Date:08/17/26

The score is driven primarily by improving (but still inconsistent) financial performance—profitability has returned and leverage is conservative, but margins and cash conversion remain uneven. Technical signals are a meaningful positive with price above key moving averages and positive momentum indicators, partially offset by near-overbought stochastic readings. Valuation is a modest headwind given the P/E level and lack of dividend support in the provided data.

Positive Factors
Multi-location home-care platformNLH operates in a structurally relevant home-care market, serving seniors and people needing ongoing support with daily living, mobility, respite, and household tasks. Its multi-location platform provides an established base for expanding service coverage over time.
Negative Factors
Thin and volatile profitabilityAlthough NLH has returned to profitability, its thin net margin leaves limited room for operating setbacks or cost increases. The record of alternating profitable and loss-making years also reduces confidence that current earnings can be sustained consistently.

Nova Leap Health (NLH) vs. iShares MSCI Canada ETF (EWC)

-20%0%20%40%60%80%100%TSE:NLH+66.67%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 43.66M
Dividend Yield
―
Average Volume (3M)
21.13K
Price to Earnings (P/E)
23.5
Beta (1Y)
0.31
Revenue Growth
18.35%
EPS Growth
1021.05%
Country
Canada
Employees
541
Sector
General
Sector Strength
55
Industry
Medical - Care Facilities

Nova Leap Health Business Overview & Revenue Model

Company Description

Nova Leap Health Corp. delivers a comprehensive array of in-home and healthcare-at-home solutions across the United States and Canada. Their offerings encompass specialized dementia support, social companionship, assistance with personal needs, and t...

Nova Leap Health Financial Statement Overview

Summary

Income statement quality is improving with a return to profitability and modest revenue growth, supported by steady gross margin and positive operating results. However, net margins remain thin and multi-year earnings have been volatile, while cash flow conversion/coverage has been inconsistent despite positive operating and free cash flow. The balance sheet is a key strength with conservative leverage, partially offset by only moderate ROE.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

56Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue33.23M32.02M25.76M26.18M28.21M21.28M
Gross Profit12.94M11.85M9.89M9.77M9.98M7.21M
EBITDA2.71M1.97M2.50M1.35M420.35K4.76M
Net Income1.32M-193.19K1.38M-1.05M-835.75K1.76M
Balance Sheet
Total Assets25.75M23.44M22.39M20.90M23.95M26.77M
Cash, Cash Equivalents and Short-Term Investments1.44M1.49M1.40M894.76K1.27M1.73M
Total Debt4.45M2.93M2.53M1.40M3.97M6.20M
Total Liabilities6.37M4.43M4.14M2.70M5.27M8.29M
Stockholders Equity19.39M19.01M18.25M18.20M18.68M18.48M
Cash Flow
Free Cash Flow1.95M1.42M1.36M2.13M949.49K2.18M
Operating Cash Flow1.91M1.42M1.39M2.15M1.02M2.18M
Investing Cash Flow-2.25M-1.26M-1.59M-23.13K-56.24K-7.40M
Financing Cash Flow388.04K-86.91K729.78K-2.52M-1.41M4.33M

Nova Leap Health Technical Analysis

Technical Analysis SentimentPositive
Last Price0.50

Price Trends

50DMA0.51Negative
100DMA0.46Positive
200DMA0.40Positive

Market Momentum

MACD-0.01Negative
RSI55.75Neutral
STOCH82.59Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NLH, the sentiment is Positive. The current price of 0.50 is above the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.51, and above the 200-day MA of 0.40, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 55.75 is Neutral, neither overbought nor oversold. The STOCH value of 82.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NLH.

Nova Leap Health Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:NLH against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:CRRXTSE:CRRX74OutperformCAD 213.86M7.8625.79%2.43%2.96%―
TSE:EXETSE:EXE73OutperformCAD 2.53B20.1336.33%1.96%31.14%34.48%
TSE:NLHTSE:NLH68NeutralCAD 43.66M23.546.95%―18.35%1021.05%
TSE:DRTSE:DR62NeutralCAD 237.42M8.2045.36%2.45%2.64%-56.04%
TSE:SIATSE:SIA56NeutralCAD 2.18B37.836.58%4.76%16.11%31.75%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%50%100%TSE:NLHTSE:CRRXTSE:EXETSE:SIATSE:DRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:NLH and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:NLHNova Leap Health0.500.2278.57%
TSE:CRRXCarerx Corporation3.37-0.05-1.40%
TSE:EXEExtendicare Inc.26.5710.5766.03%
TSE:SIASienna Senior Living19.671.397.57%
TSE:DRMedical Facilities Corp14.680.563.95%

Nova Leap Health Corporate Events

Business Operations and StrategyFinancial Disclosures

Nova Leap to Spotlight Record Quarter and Growth Strategy at Planet MicroCap Showcase

Positive
Oct 14, 2026

Nova Leap Health Corp. will showcase its record second-quarter performance and growth strategy at the Planet MicroCap Showcase in Toronto later this month. President and CEO Chris Dobbin is scheduled to deliver a webcast presentation on October 28, f...

Business Operations and StrategyFinancial DisclosuresM&A Transactions

Nova Leap Health Delivers Record Q2 Results and Accelerates Home Care Expansion

Positive
Aug 7, 2026

Nova Leap Health Corp. reported record financial results for the second quarter of 2026, with revenue rising 17.1% year over year to $9.39 million and trailing twelve-month revenue reaching $33.6 million, the highest in the company’s history. A...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026