The stock of Quipt Home Medical Corp (QIPT) has seen a -5.95% decrease in the past week, with a 1.66% gain in the past month, and a -11.87% decrease in the past quarter. The volatility ratio for the week is 8.72%, and the volatility levels for the past 30 days are at 6.24% for QIPT. The simple moving average for the past 20 days is -12.76% for QIPT’s stock, with a -27.49% simple moving average for the past 200 days.
Is It Worth Investing in Quipt Home Medical Corp (NASDAQ: QIPT) Right Now?
The 36-month beta value for QIPT is at 1.05. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QIPT is 38.65M, and currently, shorts hold a 2.33% of that float. The average trading volume for QIPT on December 26, 2024 was 163.22K shares.
QIPT) stock’s latest price update
Quipt Home Medical Corp (NASDAQ: QIPT) has experienced a decline in its stock price by -3.73 compared to its previous closing price of 2.41. However, the company has seen a fall of -5.95% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-20 that Quipt Home Medical’s recurring revenue model and strong gross margins provide stability, despite recent setbacks and a 50% stock drop this year. Operational challenges, including Medicare policy changes and a cyberattack, have impacted revenue and profitability, contributing to the stock’s decline. The company has a solid growth plan focused on organic expansion and acquisitions, aiming for 8%-10% growth in FY2025.
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 -13.18% 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 -56.14% of loss for the given period.
Volatility was left at 6.24%, however, over the last 30 days, the volatility rate increased by 8.72%, as shares surge +2.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.10% lower at present.
During the last 5 trading sessions, QIPT fell by -5.95%, which changed the moving average for the period of 200-days by -41.11% in comparison to the 20-day moving average, which settled at $2.66. In addition, Quipt Home Medical Corp saw -51.87% 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:
- 0.0 for the present operating margin
- 0.72 for the gross margin
The net margin for Quipt Home Medical Corp stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -6.44, with -2.84 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 0.44. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 0.1.
Currently, EBITDA for the company is 1.11 million with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 8.45for trailing twelve months and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In conclusion, Quipt Home Medical Corp (QIPT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
