How NanoVibronix Inc. (NAOV) Works From A Technical Perspective

NanoVibronix Inc. (NASDAQ:NAOV) finished Wednesday with a subtraction of -$0.14 to close at $1.81, a downside of -7.18 percent. An average of 9,317,801 shares of common stock have been traded in the last five days. There was a gain of $0.1800 in the past week. The last 20 days have seen an average of 3,988,905 shares traded, while the 50-day average volume stands at 17,168,857.

NAOV stock has decreased by -9.95% in the last month. The company shares reached their 1-month lowest point of $1.5650 on 10/08/21. With the stock rallying to its 52-week high on 08/17/21, shares of the company touched a low of $0.54 and a high of $4.19 in 52 weeks. In spite of this, the price is down -56.80% from the 52-week high.


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Valuation Metrics

NanoVibronix Inc. (NAOV) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.30 for the sector. The stock’s beta is 0.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 60.09, the price-to-book (PB) ratio at 10.65.

The quick ratio of NanoVibronix Inc. for the three months ended September 29 was 16.30, and the current ratio was 16.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. On the profitability front, the trailing 12-month gross margin is 62.00% against a 5-year average of 52.5%. NanoVibronix Inc.’s EBITDA margin for the year ending September 29 is -757.14%. Its gross profit as reported stood at $0.21 million compared to revenue of $0.62 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NanoVibronix Inc.’s return on assets was -101.70%, compared to -195.8% over the last five years. For the broader industry, ROE averaged 3.96 over the past year.

Earnings Surprise

The analyst consensus anticipated NanoVibronix Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.12, a 40.00% surprise. For the quarter, EBITDA amounted to -$0.99 million. Shareholders own equity worth $24.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NanoVibronix Inc. (NAOV) price momentum. RSI 9-day as of the close on 13 October was 44.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 118.55%.

As of today, NAOV’s price is $1.8200 +11.04% or $0.1800 from its 5-day moving average. NAOV is currently trading -19.20% lower than its 20-day SMA and +112.94% higher than its 100-day SMA. However, the stock’s current price level is -13.81% below the SMA50 and +117.18% above the SMA200.

The stochastic %K and %D were 55.04% and 46.16%, respectively, and the average true range (ATR) was 0.2136. With the 14-day stochastic at 37.98% and the average true range at 0.2285, the RSI (14) stands at 43.95%. The stock has reached 0.1300 on the 9-day MACD Oscillator while the 14-day reading was at 0.0664.

Analyst Ratings

The consensus rating for NanoVibronix Inc. (NAOV) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NAOV, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is NAOV’s price target for the next 12 months?

Analysts predict a range of price targets between $10.50 and $10.50, with a median target of $10.50. Taking a look at these predictions, the average price target given by analysts for NanoVibronix Inc. (NAOV) stock is $10.50.

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