The stock of Inspire Veterinary Partners Inc. (NASDAQ: IVP) has decreased by -0.12 when compared to last closing price of 0.29. Despite this, the company has experienced a 19.31% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-10-22 that VIRGINIA BEACH, VA / ACCESSWIRE / October 22, 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 securities purchase agreement with institutional investors, providing for the purchase and sale of 10,000,000 million shares of Class A common stock in a registered direct offering, at a price per share of $0.25. The offering is expected to close on or about October 23, 2024, subject to the satisfaction of customary closing conditions.
Is It Worth Investing in Inspire Veterinary Partners Inc. (NASDAQ: IVP) Right Now?
Company’s 36-month beta value is -2.79.
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The public float for IVP is 3.58M, and currently, short sellers hold a 10.86% ratio of that floaft. The average trading volume of IVP on October 25, 2024 was 10.01M shares.
IVP’s Market Performance
The stock of Inspire Veterinary Partners Inc. (IVP) has seen a 19.31% increase in the past week, with a -50.86% drop in the past month, and a -95.39% fall in the past quarter. The volatility ratio for the week is 75.40%, and the volatility levels for the past 30 days are at 36.70% for IVP. The simple moving average for the last 20 days is 2.51% for IVP stock, with a simple moving average of -94.43% for the last 200 days.
IVP Trading at -71.27% 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 -99.75% of loss for the given period.
Volatility was left at 36.70%, however, over the last 30 days, the volatility rate increased by 75.40%, as shares sank -41.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -92.02% lower at present.
During the last 5 trading sessions, IVP rose by +13.82%, which changed the moving average for the period of 200-days by -98.44% in comparison to the 20-day moving average, which settled at $0.2865. In addition, Inspire Veterinary Partners Inc. saw -99.15% 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 1.32. 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 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.
