The stock price of Inspire Veterinary Partners Inc (NASDAQ: IVP) has jumped by 2.85 compared to previous close of 0.15. Despite this, the company has seen a fall of -16.40% in its stock price over the last five trading days. 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?
Moreover, the 36-month beta value for IVP is -2.19.
The public float for IVP is 28.93M and currently, short sellers hold a 0.42% of that float. On January 14, 2025, IVP’s average trading volume was 10.37M shares.
IVP’s Market Performance
The stock of Inspire Veterinary Partners Inc (IVP) has seen a -16.40% decrease in the past week, with a -23.52% drop in the past month, and a -43.52% fall in the past quarter. The volatility ratio for the week is 9.19%, and the volatility levels for the past 30 days are at 11.42% for IVP. The simple moving average for the past 20 days is -14.45% for IVP’s stock, with a -93.42% simple moving average for the past 200 days.
IVP Trading at -24.96% 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 -99.68% of loss for the given period.
Volatility was left at 11.42%, however, over the last 30 days, the volatility rate increased by 9.19%, as shares sank -17.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.53% lower at present.
During the last 5 trading sessions, IVP fell by -15.46%, which changed the moving average for the period of 200-days by -96.64% in comparison to the 20-day moving average, which settled at $0.1859. In addition, Inspire Veterinary Partners Inc saw -16.97% 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 Watters Timothy, who sale 467 shares at the price of $0.18 back on Dec 26 ’24. After this action, Watters Timothy now owns 0 shares of Inspire Veterinary Partners Inc, valued at $85 using the latest closing price.
Alomari Ahmed, the 10% Owner of Inspire Veterinary Partners Inc, sale 50,000 shares at $9.95 during a trade that took place back on Jul 10 ’24, which means that Alomari Ahmed is holding 100,000 shares at $497,640 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
- 0.13 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 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.65. The debt to equity ratio resting at 5.08. The interest coverage ratio of the stock is -2.56.
Currently, EBITDA for the company is -10.84 million with net debt to EBITDA at -1.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. 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 wrap up, the performance of Inspire Veterinary Partners Inc (IVP) has been bad in recent times. The stock has received a mixed of “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.
