What Are Wall Street’s Thoughts On Neovasc Inc. Shares (NVCN)?

The stock of Neovasc Inc. (NASDAQ:NVCN) increased by remained unchanged at $0.80, up 8.09 percent. The last five days have seen an average of 666,300 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.1516. The average number of shares traded over the last 20 days was 442,500, while the average volume over the last 50 days totaled 473,246.

NVCN stock appreciated 7.64% since last month. On 10/06/21, the company’s shares reached a one-month low of $0.6500. The stock touched a high of $2.60 on 02/09/21, after rallying from a low of $0.65 in 52 weeks. The price of NVCN stock has declined by -15.93% or -$0.1516 this year, reaching a new high 9 times. Still, the stock price is down -69.23% from the 52-week high.


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Valuation Metrics

The PE ratio of Neovasc Inc. has varied between 57.24 and 1.620 in the last five years. Beta for the stock is 2.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 22.54, the price-to-book (PB) ratio of 0.69.

For the three months ended September 29, Neovasc Inc.’s quick ratio was 9.70, while its current ratio was 9.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.14, and the total debt to equity ratio is 0.15. As far as profitability goes, gross margin for the trailing twelve months is 80.70% percent. Based on annual data, it had gross profit of $1.51 million and revenue of $1.96 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NVCN’s return on assets (ROA) during the last 12 months has been -49.80%. There was a -327.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -75.00%. ROE has averaged 3.96 in the past year for the broader industry.

Earnings Surprise

According to Neovasc Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.09 million, while revenues rose by 16.27% to $0.0. It was predicted that Neovasc Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.07, beating the consensus by 14.30%. EBITDA was -$8.9 million for the quarter. At the end of Neovasc Inc.’s most recent quarter ended September 29, its liabilities totaled 17.58 million, while its total debt was $9.42 million.

Technical Picture

Here’s a quick look at Neovasc Inc.’s (NVCN) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 72.67%, suggesting the stock is Overbought, with a 49.48% historical volatility rate.

The stochastic %K and %D were 85.75% and 74.13% respectively, while the average true range (ATR) was 0.0427. Based on the 14-day stochastic reading of 100.00%, the RSI (14) reading is 64.76%. On the 9-day MACD Oscillator, the stock is at 0.0470, and the 14-day reading is at 0.0557.

Analyst Ratings

Analysts have assigned Neovasc Inc. (NVCN) an Buy rating. NVCN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

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

The current consensus forecast for the stock is between $5.00 and $5.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Neovasc Inc. (NVCN) is $5.00.

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