56MEDIUM

PNV

POLYNOVO FPO [PNV]
PolyNovo Limited designs, manufactures, and sells biodegradable medical devices in Australia, New Zealand, the United States, the United Kingdom, Ireland, Singapore, India, and Hong Kong. The company offers NovoSorb Biodegradable Temporising Matrix, a dermal matrix for the regeneration of the dermis when lost through extensive surgery, trauma, or burn. It is also developing hernia devices for hernia repair and solution for ventral hernia and complex abdominal wall reconstruction; Beta Cell implant, a novel intracutaneous ectopic pancreas to treat type 1 diabetes; NovoSorb MTX for single stage grafting in burns, chronic, and surgical wounds; and plastics and reconstructive device products. The company was formerly known as Calzada Limited and changed its name to PolyNovo Limited in November 2014. PolyNovo Limited was incorporated in 1998 and is headquartered in Port Melbourne, Australia.
Healthcare · ASX Small Cap
$0.8900 -0.6%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical50
Catalyst53
Sentiment50
Fundamental87
Momentum46
Risk Gate35
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Sitting near support — this level has held before and could attract buyers again
  • Cash positive / operating cashflow positive
  • Low P/S ratio (4.4x)
  • Moderate revenue growth (+18%)
  • Piotroski F-Score strong (8/9, low-confidence approx)
  • EPS estimates revised upward (+10pts)
  • Near 52-week low (4% of range)
  • Very high short interest (14.1%)
  • Earnings in sharp decline (-100% QoQ)
  • CANSLIM A: Turned profitable
  • CANSLIM I: Institutional ownership (31%)
  • Sentiment is mixed — no strong consensus either way
  • Earnings are trending the right way — 2 consecutive improvements
  • Days to cover very high (44.5)
  • Beneish M-Score -1.92 (grey zone -2.22 to -1.78): possible earnings manipulation
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Post-earnings drift: negative surprise (SUE -10)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 26% over the past year
  • The bigger volume days are the down days — volume-weighted momentum is negative (-1.34%/day)
  • Overseas neutral (-2pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Director Appointment - Charmaine Gittleson
NONE Change of Director's Interest Notice - Robert Douglas
NONE Change of Director's Interest Notice - Andrew Lumsden
Announcement tone +3pts

Recent ASX Announcements

2026-03-24 Director Appointment - Charmaine Gittleson
2026-03-16 Change of Director's Interest Notice - Robert Douglas
2026-02-27 Change of Director's Interest Notice - Andrew Lumsden
2026-02-27 Change of Director's Interest Notice
2026-02-24 Webcast Recording - 1H26 Financial Results

Key Metrics

$618.3M
Market Cap
2.2M
Avg Volume
0.8x
Vol Ratio
$0.86 — $1.72
52-Week Range
14.1%
Short Interest
N/A
Cash Runway
12.5%
ROE
7.1%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: -100%
AAnnual EarningsimprovingCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 87%
LLeader vs LaggardlaggardRS: -6
IInstitutional SponsorshippassInst: 31%
MMarket DirectionneutralNeutral

Sector: Healthcare

Ranked #2 of 117 · Sector avg: 46

View all Healthcare signals →
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