The stock price of Inspire Veterinary Partners Inc. (NASDAQ: IVP) has dropped by -20.03 compared to previous close of 0.60. Despite this, the company has seen a fall of -35.44% in its stock price over the last five trading days. accesswire.com reported 2024-08-27 that VIRGINIA BEACH, VA / ACCESSWIRE / August 27, 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 it has entered into a non-binding letter of intent (the “LOI”) with Vetsie.ai, an Artificial Intelligence (“AI”) software platform designed to empower veterinary professionals with quick, accurate access to critical information on patient conditions, treatments, and medications, to engage in diligence and initial negotiations regarding the terms of a potential transaction whereby Inspire may Acquire Vetsie.ai in an all- stock transaction. This potential equity-only acquisition, if consummated, would be completed without the need for any operating capital infusion from Inspire into the acquired business for the first fiscal year.
Is It Worth Investing in Inspire Veterinary Partners Inc. (NASDAQ: IVP) Right Now?
Additionally, the 36-month beta value for IVP is -2.71.
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The public float for IVP is 3.48M and currently, short sellers hold a 9.37% ratio of that float. The average trading volume of IVP on September 30, 2024 was 5.00M shares.
IVP’s Market Performance
The stock of Inspire Veterinary Partners Inc. (IVP) has seen a -35.44% decrease in the past week, with a -75.81% drop in the past month, and a -69.68% fall in the past quarter. The volatility ratio for the week is 20.27%, and the volatility levels for the past 30 days are at 26.22% for IVP. The simple moving average for the past 20 days is -47.78% for IVP’s stock, with a -94.57% simple moving average for the past 200 days.
IVP Trading at -87.37% 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 -99.69% of loss for the given period.
Volatility was left at 26.22%, however, over the last 30 days, the volatility rate increased by 20.27%, as shares sank -71.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -96.51% lower at present.
During the last 5 trading sessions, IVP fell by -35.44%, which changed the moving average for the period of 200-days by -98.78% in comparison to the 20-day moving average, which settled at $0.8556. In addition, Inspire Veterinary Partners Inc. saw -98.61% 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 Alomari Ahmed, who sale 50,000 shares at the price of $9.95 back on Jul 10 ’24. After this action, Alomari Ahmed now owns 100,000 shares of Inspire Veterinary Partners Inc., valued at $497,640 using the latest closing price.
Lawrence Alexander, the Director of Inspire Veterinary Partners Inc., purchase 1,000 shares at $0.56 during a trade that took place back on Nov 20 ’23, which means that Lawrence Alexander is holding 1,000 shares at $562 based on the most recent closing price.
Stock Fundamentals for IVP
Current profitability levels for the company are sitting at:
- -0.52 for the present operating margin
- 0.13 for the gross margin
The net margin for Inspire Veterinary Partners Inc. stands at -1.1. The total capital return value is set at -0.94.
Based on Inspire Veterinary Partners Inc. (IVP), the company’s capital structure generated 1.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.33. The debt to equity ratio resting at -6.08. The interest coverage ratio of the stock is -2.74.
Currently, EBITDA for the company is -5.76 million with net debt to EBITDA at -1.79. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 431.15for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.18.
Conclusion
In conclusion, Inspire Veterinary Partners Inc. (IVP) 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.
