Neovasc Inc. (NASDAQ:NVCN) went down by -2.15% from its latest closing price compared to the recent 1-year high of $3.88. The company’s stock price has collected -14.55% of loss in the last five trading sessions. Press Release reported on 02/17/21 that Neovasc to Participate in 10th Annual SVB Leerink Global Healthcare Conference
Is It Worth Investing in Neovasc Inc. (NASDAQ :NVCN) Right Now?
Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for Neovasc Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $3.67, which is $0.06 above the current price. NVCN currently public float of 20.32M and currently shorts hold a 5.26% ratio of that float. Today, the average trading volume of NVCN was 6.06M shares.
NVCN’s Market Performance
NVCN stocks went down by -14.55% for the week, with a monthly jump of 50.41% and a quarterly performance of 114.12%, while its annual performance rate touched -40.33%. The volatility ratio for the week stands at 12.51% while the volatility levels for the past 30 days are set at 15.65% for Neovasc Inc.. The simple moving average for the period of the last 20 days is 12.69% for NVCN stocks with a simple moving average of -4.56% for the last 200 days.
Analysts’ Opinion of NVCN
Many brokerage firms have already submitted their reports for NVCN stocks, with Canaccord Genuity repeating the rating for NVCN by listing it as a “Buy.” The predicted price for NVCN in the upcoming period, according to Canaccord Genuity is $1.05 based on the research report published on January 19th of the previous year 2018.
NVCN Trading at 48.16% from the 50-Day Moving Average
After a stumble in the market that brought NVCN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.09% of loss for the given period.
Volatility was left at 15.65%, however, over the last 30 days, the volatility rate increased by 12.51%, as shares surge +40.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +152.78% upper at present.
During the last 5 trading sessions, NVCN fell by -14.55%, which changed the moving average for the period of 200-days by -27.78% in comparison to the 20-day moving average, which settled at $1.6410. In addition, Neovasc Inc. saw 91.26% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NVCN
Current profitability levels for the company are sitting at:
- -1431.14 for the present operating margin
- +47.42 for the gross margin
The net margin for Neovasc Inc. stands at -1679.28.
When we switch over and look at the enterprise to sales, we see a ratio of 21.34, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 2.88 and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.