In the past week, QIPT stock has gone down by -8.46%, with a monthly decline of -12.93% and a quarterly plunge of -23.68%. The volatility ratio for the week is 5.18%, and the volatility levels for the last 30 days are 4.92% for Quipt Home Medical Corp The simple moving average for the last 20 days is -14.49% for QIPT stock, with a simple moving average of -26.18% for the last 200 days.
Is It Worth Investing in Quipt Home Medical Corp (NASDAQ: QIPT) Right Now?
Additionally, the 36-month beta value for QIPT is 1.08. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for QIPT is 40.65M and currently, short sellers hold a 1.85% ratio of that float. The average trading volume of QIPT on August 15, 2024 was 247.26K shares.
QIPT) stock’s latest price update
The stock of Quipt Home Medical Corp (NASDAQ: QIPT) has decreased by -9.28 when compared to last closing price of 3.34. Despite this, the company has experienced a -8.46% fall in its stock price over the last five trading sessions. zacks.com reported 2024-08-14 that Quipt Home Medical Corp. (QIPT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.03 per share a year ago.
Analysts’ Opinion of QIPT
Canaccord Genuity gave a rating of “Buy” to QIPT, setting the target price at $11 in the report published on June 14th of the previous year.
QIPT Trading at -8.94% from the 50-Day Moving Average
After a stumble in the market that brought QIPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.63% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 5.18%, as shares sank -10.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.68% lower at present.
During the last 5 trading sessions, QIPT fell by -9.06%, which changed the moving average for the period of 200-days by -34.14% in comparison to the 20-day moving average, which settled at $3.53. In addition, Quipt Home Medical Corp saw -40.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for QIPT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.64 for the gross margin
The net margin for Quipt Home Medical Corp stands at -0.02. The total capital return value is set at 0.04. Equity return is now at value -4.49, with -1.82 for asset returns.
Based on Quipt Home Medical Corp (QIPT), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 0.9.
Currently, EBITDA for the company is 55.25 million with net debt to EBITDA at 1.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 7.79for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, Quipt Home Medical Corp (QIPT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
