Novo Integrated Sciences Inc (NVOS) Shares Up Despite Recent Market Volatility

Novo Integrated Sciences Inc (NASDAQ: NVOS)’s stock price has gone rise by 12.11 in comparison to its previous close of 0.47, however, the company has experienced a 11.11% increase in its stock price over the last five trading days. PennyStocks reported 2023-10-02 that Penny stocks refer to stocks that trade for less than $5 per share. They are typically small companies that trade over-the-counter or on the OTC.

Is It Worth Investing in Novo Integrated Sciences Inc (NASDAQ: NVOS) Right Now?

Moreover, the 36-month beta value for NVOS is -0.61.

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The public float for NVOS is 15.58M and currently, short sellers hold a 3.62% of that float. On April 04, 2024, NVOS’s average trading volume was 569.05K shares.

NVOS’s Market Performance

NVOS stock saw a decrease of 11.11% in the past week, with a monthly decline of -16.53% and a quarterly a decrease of -31.64%. The volatility ratio for the week is 9.83%, and the volatility levels for the last 30 days are 12.21% for Novo Integrated Sciences Inc (NVOS). The simple moving average for the last 20 days is -2.58% for NVOS’s stock, with a simple moving average of -65.00% for the last 200 days.

NVOS Trading at -18.17% from the 50-Day Moving Average

After a stumble in the market that brought NVOS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.25% of loss for the given period.

Volatility was left at 12.21%, however, over the last 30 days, the volatility rate increased by 9.83%, as shares sank -17.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.35% lower at present.

During the last 5 trading sessions, NVOS rose by +10.79%, which changed the moving average for the period of 200-days by -63.62% in comparison to the 20-day moving average, which settled at $0.5332. In addition, Novo Integrated Sciences Inc saw -36.05% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for NVOS

Current profitability levels for the company are sitting at:

  • -0.74 for the present operating margin
  • 0.4 for the gross margin

The net margin for Novo Integrated Sciences Inc stands at -1.07. The total capital return value is set at -0.37. Equity return is now at value -62.70, with -37.23 for asset returns.

Based on Novo Integrated Sciences Inc (NVOS), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.89. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -2.03.

Currently, EBITDA for the company is -5.63 million with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 4.95for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.

Conclusion

To wrap up, the performance of Novo Integrated Sciences Inc (NVOS) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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