The stock price of Novo Integrated Sciences Inc (NASDAQ: NVOS) has jumped by 13.83 compared to previous close of 0.45. Despite this, the company has seen a gain of 11.65% 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?
NVOS has 36-month beta value of -0.58.
The public float for NVOS is 15.58M, and currently, short sellers hold a 4.02% ratio of that float. The average trading volume of NVOS on April 23, 2024 was 691.36K shares.
NVOS’s Market Performance
NVOS’s stock has seen a 11.65% increase for the week, with a -3.06% drop in the past month and a -28.17% fall in the past quarter. The volatility ratio for the week is 21.03%, and the volatility levels for the past 30 days are at 14.31% for Novo Integrated Sciences Inc The simple moving average for the past 20 days is 4.87% for NVOS’s stock, with a -64.37% simple moving average for the past 200 days.
NVOS Trading at -11.98% 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 -90.46% of loss for the given period.
Volatility was left at 14.31%, however, over the last 30 days, the volatility rate increased by 21.03%, as shares surge +0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.16% lower at present.
During the last 5 trading sessions, NVOS rose by +11.65%, which changed the moving average for the period of 200-days by -61.98% in comparison to the 20-day moving average, which settled at $0.4899. In addition, Novo Integrated Sciences Inc saw -37.44% 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:
- -0.69 for the present operating margin
- 0.4 for the gross margin
The net margin for Novo Integrated Sciences Inc stands at -0.88. The total capital return value is set at -0.38. Equity return is now at value -48.89, with -33.83 for asset returns.
Based on Novo Integrated Sciences Inc (NVOS), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -0.93. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -3.0.
Currently, EBITDA for the company is -5.63 million with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. The receivables turnover for the company is 6.34for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
To put it simply, Novo Integrated Sciences Inc (NVOS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
