The stock price of Inspire Veterinary Partners Inc (NASDAQ: IVP) has plunged by -7.48 when compared to previous closing price of 0.23, but the company has seen a -16.40% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-11-13 that VIRGINIA BEACH, VA / ACCESSWIRE / November 13, 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 reported its financial results for the third quarter and nine months ended September 30, 2024. Select Third Quarter 2024 Highlights Compared to Prior Year Period Total revenue of approximately $4.0 million, a decrease of 1.7% Services revenue of $2.9 million, an increase of 1% Product revenue of $1.1 million, a decrease of 9% G&A decreased 16% Net loss decreased 56% Total revenue of approximately $13.3 million, an increase of 3% Services revenue of approximately $9.7 million, an increase of 6% Product revenue of $3.5 million, a decrease of 4% G&A increased 11% Net loss decreased 3% Select Nine Month 2024 Highlights Compared to Prior Year Period Total revenue of approximately $13.3 million, an increase of 3% Services revenue of approximately $9.7 million, an increase of 6% Product revenue of $3.5 million, a decrease of 4% G&A increased 11% Net loss decreased 3% “Our third quarter results demonstrate the ongoing work of our dedicated teams on key initiatives to strengthen our fundamentals and accelerate the path to improved profitability,” said Kimball Carr, President & Chief Executive Officer of Inspire.
Is It Worth Investing in Inspire Veterinary Partners Inc (NASDAQ: IVP) Right Now?
The stock has a 36-month beta value of -2.66.
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The public float for IVP is 20.73M, and at present, short sellers hold a 2.25% of that float. On November 19, 2024, the average trading volume of IVP was 10.44M shares.
IVP’s Market Performance
IVP stock saw a decrease of -16.40% in the past week, with a monthly decline of -36.67% and a quarterly a decrease of -92.79%. The volatility ratio for the week is 8.90%, and the volatility levels for the last 30 days are 26.06% for Inspire Veterinary Partners Inc (IVP). The simple moving average for the last 20 days is -19.38% for IVP stock, with a simple moving average of -94.61% for the last 200 days.
IVP Trading at -47.65% 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 -99.77% of loss for the given period.
Volatility was left at 26.06%, however, over the last 30 days, the volatility rate increased by 8.90%, as shares sank -44.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.08% lower at present.
During the last 5 trading sessions, IVP fell by -15.52%, which changed the moving average for the period of 200-days by -98.45% in comparison to the 20-day moving average, which settled at $0.2593. In addition, Inspire Veterinary Partners Inc saw -99.39% 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:
- -0.54 for the present operating margin
- 0.18 for the gross margin
The net margin for Inspire Veterinary Partners Inc stands at -0.85. The total capital return value is set at -0.6. Equity return is now at value -502.92, with -66.10 for asset returns.
Based on Inspire Veterinary Partners Inc (IVP), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at -0.68. The debt to equity ratio resting at 4.87. The interest coverage ratio of the stock is -8.45.
Currently, EBITDA for the company is -10.84 million with net debt to EBITDA at -1.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 147.6for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
To sum up, Inspire Veterinary Partners Inc (IVP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
