Inspire Veterinary Partners Inc. (NASDAQ: IVP)’s stock price has decreased by -5.92 compared to its previous closing price of 0.04. However, the company has seen a -9.77% decrease in its stock price over the last five trading sessions. Accesswire reported 2024-01-09 that VIRGINIA BEACH, VA / ACCESSWIRE / January 9, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today announced that Kimball Carr, Chairman, President & Chief Executive Officer of Inspire, will be presenting at the upcoming Sidoti Virtual Investor Conference on January 17th at 9:15 AM Eastern. Investors and other interested individuals may access the virtual presentation here: https://sidoti.zoom.us/webinar/register/WN_IybFBWwORIGWL5E-xSkMOA.
Is It Worth Investing in Inspire Veterinary Partners Inc. (NASDAQ: IVP) Right Now?
The public float for IVP is 83.32M, and currently, short sellers hold a 4.53% ratio of that floaft. The average trading volume of IVP on May 06, 2024 was 15.25M shares.
IVP’s Market Performance
IVP stock saw a decrease of -9.77% in the past week, with a monthly decline of -18.31% and a quarterly a decrease of -74.87%. The volatility ratio for the week is 8.97%, and the volatility levels for the last 30 days are 11.55% for Inspire Veterinary Partners Inc. (IVP). The simple moving average for the past 20 days is -9.36% for IVP’s stock, with a -92.87% simple moving average for the past 200 days.
IVP Trading at -27.20% from the 50-Day Moving Average
After a stumble in the market that brought IVP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.03% of loss for the given period.
Volatility was left at 11.55%, however, over the last 30 days, the volatility rate increased by 8.97%, as shares sank -17.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.18% lower at present.
During the last 5 trading sessions, IVP fell by -9.77%, in comparison to the 20-day moving average, which settled at $0.0434. In addition, Inspire Veterinary Partners Inc. saw -88.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IVP starting from Lawrence Alexander, who purchase 1,000 shares at the price of $0.56 back on Nov 20 ’23. After this action, Lawrence Alexander now owns 1,000 shares of Inspire Veterinary Partners Inc., valued at $562 using the latest closing price.
Keiser Charles Stith, the Director of Inspire Veterinary Partners Inc., purchase 1,800 shares at $0.51 during a trade that took place back on Nov 17 ’23, which means that Keiser Charles Stith is holding 24,528 shares at $911 based on the most recent closing price.
Stock Fundamentals for IVP
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- 0.19 for the gross margin
The net margin for Inspire Veterinary Partners Inc. stands at -0.89. The total capital return value is set at -0.51.
Based on Inspire Veterinary Partners Inc. (IVP), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23. The debt to equity ratio resting at -21.45. The interest coverage ratio of the stock is -2.83.
Currently, EBITDA for the company is -5.76 million with net debt to EBITDA at -1.84. When we switch over and look at the enterprise to sales, we see a ratio of 1.3. The receivables turnover for the company is 78.33for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.18.
Conclusion
In a nutshell, Inspire Veterinary Partners Inc. (IVP) has experienced a bad performance in recent times. The stock has received mixed “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.
