Covalon Technologies Ltd. (COV)

Currency in CAD
3.070
+0.120(+4.07%)
Real-time Data·
Unusual trading volume
Trading near 52-week High
High dividend Yield
COV is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
2.9503.090
52 wk Range
1.5503.090
Key Statistics
Prev. Close
2.95
Open
2.95
Day's Range
2.95-3.09
52 wk Range
1.55-3.09
Volume
48.41K
Average Volume (3m)
10.7K
1-Year Change
27.9167%
Book Value / Share
1.14
Fair Value
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Fair Value Upside
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COV Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
2.900
Downside
-5.54%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

1 Buy
0 Hold
0 Sell
Ratings:
1 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 2.900
(-5.54% Downside)

Covalon Technologies Ltd. Earnings Call Summary for Q3/2026

  • Q3 revenue rose 20% YoY to CAD 10M; net income surged to CAD 2.8M from CAD 65K; adjusted EBITDA tripled to CAD 3M, all five-year highs.
  • Gross margin expanded 2,070 bps to 67.2% as contamination protection sales grew 51%; operating expenses rose just 1%, driving profitability.
  • CEO Ashton said results reflect multi-year execution, not one-time spike; reaffirmed strong fiscal 2026 trajectory with sustainable margins.
  • Management targets high-50s to low-60s gross margins long-term; sees growth from U.S. hospitals, OEM wound care, and international expansion.
  • Stock slipped 0.87% to $2.29, near 52-week high; company holds more cash than debt with 3.8 current ratio, signaling strong liquidity.
Last Updated: 27/08/2026, 11:28 pm
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Earnings

Latest Release
27/08/2026
EPS / Forecast
0.10 / 0.02
Revenue / Forecast
10.04M / 9.63M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.16%
Dividend Yield
5.12%
Industry Median 0.84%
Annualised payout
0.15
Paid unevenly
5-Years Growth
-
Growth Streak

COV Income Statement

Compare COV to Peers and Sector

Metrics to compare
COV
Peers
Sector
Relationship
P/E Ratio
19.3x−2.2x−0.4x
PEG Ratio
0.230.010.00
Price/Book
2.7x0.1x2.6x
Price / LTM Sales
2.5x2.8x3.1x
Upside (Analyst Target)
−5.5%86.0%47.7%
Fair Value Upside
Unlock−12.0%6.5%Unlock

Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of medical products in infection management, advanced wound care, and surgical procedure areas in the United States, the Middle East, Canada, Latin America, Asia, and internationally. The company’s platform technologies comprises collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; and antimicrobial silicone adhesive platform, which is used for family of pre- and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone. It also offers a medical coating platform, a process that utilizes photo-polymerization to create active grafting sites where new polymer chains are initiated and propagated from the surface of an existing medical device. In addition, the company provides advanced wound care, antimicrobial dressings, collagen dressings, IV dressings, perioperative dressings, silicone dressings, vascular access line guards, and wound dressings; and surgical, peri-operative, and infection management products. It sells its products directly and through independent distributors under the ColActive, ColActive PLUS, CovaWound, CovaView, CovaClear IV, IV Clear, SurgiClear, MediClear, and VALGuard brands. The company serves health care providers, such as hospitals, wound care centers, burn centers, extended/alternate care facilities, acute care facilities, home health care agencies, and physicians’ offices. Covalon Technologies Ltd. is headquartered in Mississauga, Canada.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
0.000.00%0.00
Other Institutional Investors
4.68M16.94%13.80M
Public Companies & Retail Investors
22.94M83.06%67.67M
Total
27.62M100.00%81.47M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
The Goldfarb Corporation7.45%2,056,6556,067
Goldfarb Ventures Corp.5.47%1,510,4084,456

FAQ

What Is the Covalon Technologies (COV) Stock Price Today?

The Covalon Technologies stock price today is 3.070 CAD.

What Stock Exchange Does Covalon Technologies Trade On?

Covalon Technologies is listed and trades on the TSX Venture Exchange.

What Is the Stock Symbol for Covalon Technologies?

The stock symbol for Covalon Technologies is "COV."

Does Covalon Technologies Pay Dividends? What’s The Current Dividend Yield?

The Covalon Technologies dividend yield is 5.12%.

What Is the Covalon Technologies Market Cap?

As of today, Covalon Technologies market cap is 84.790M CAD.

What Is Covalon Technologies's Earnings Per Share (TTM)?

The Covalon Technologies EPS (TTM) is 0.159.

When Is the Next Covalon Technologies Earnings Date?

Covalon Technologies will release its next earnings report on 10/12/2026.

From a Technical Analysis Perspective, Is COV a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Covalon Technologies Stock Split?

Covalon Technologies has split 1 times.

How Many Employees Does Covalon Technologies Have?

Covalon Technologies has 37 employees.

What is the current trading status of Covalon Technologies (COV)?

As of 31/08/2026, Covalon Technologies (COV) is trading at a price of 3.070 CAD, with a previous close of 2.950 CAD. The stock has fluctuated within a day range of 2.950 CAD to 3.090 CAD, while its 52-week range spans from 1.550 CAD to 3.090 CAD.

What Is Covalon Technologies (COV) Price Target According to Analysts?

The average 12-month price target for Covalon Technologies is 2.900 CAD, with a high estimate of 2.9 CAD and a low estimate of 2.9 CAD. 1 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an -5.54% Downside potential.
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