The stock of NanoVibronix Inc. (NASDAQ:NAOV) increased by $2.28 on Wednesday to $3.73, up 157.24 percent. The last five days have seen an average of 10,436,547 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.3200. The average number of shares traded over the last 20 days was 2,615,072, while the average volume over the last 50 days totaled 1,048,551.
NAOV stock appreciated 25.17% since last month. On 08/28/23, the company’s shares reached a one-month low of $1.4100. The stock touched a high of $12.90 on 02/10/23, after rallying from a low of $1.41 in 52 weeks. The price of NAOV stock has declined by -25.99% or -$1.3200 this year, reaching a new high 6 times. Still, the stock price is down -71.09% from the 52-week high.
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Insider Transactions
NAOV stock investors should be aware that NanoVibronix Inc. (NAOV) stock had its last reported insider trading activity 237 days ago on Jan 05. On Jan 05, Director MIKA THOMAS acquired 50,000 shares at $0.25 each. This transaction resulted in the insider spending $12,500.
Valuation Metrics
Beta for the stock is 0.92. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 11.63, the price-to-book (PB) ratio of 5.33.
Financial Health
For the three months ended September 29, NanoVibronix Inc.’s quick ratio was 0.20, while its current ratio was 1.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 35.90% percent. Based on annual data, it had gross profit of $0.17 million and revenue of $0.75 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -157.70% return on investment (ROI) in the past year.
Earnings Surprise
According to NanoVibronix Inc.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.29 million, while revenues rose by 6.9% to $0.35 million. It was predicted that NanoVibronix Inc.’s quarterly earnings would be -$2.4, but it ended up being -$4. EBITDA was -$1.01 million for the quarter. At the end of NanoVibronix Inc.’s most recent quarter ended September 29, its liabilities totaled 2.67 million, while its total debt was $37000.0. Equity owned by shareholders amounts to $1.66 million.
Technical Picture
Here’s a quick look at NanoVibronix Inc.’s (NAOV) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 74.24%, suggesting the stock is Overbought, with a 499.91% historical volatility rate.
The stochastic %K and %D were 29.65% and 15.43% respectively, while the average true range (ATR) was 0.5422. Based on the 14-day stochastic reading of 82.21%, the RSI (14) reading is 67.72%. On the 9-day MACD Oscillator, the stock is at 0.1206, and the 14-day reading is at 0.0136.
Analyst Ratings
Analysts have assigned NanoVibronix Inc. (NAOV) an Buy rating. NAOV 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 NAOV’s price target for the next 12 months?
The current consensus forecast for the stock is between $210.00 and $210.00, with a median target price of $210.00. In analyzing these forecasts, the average price target given by analysts for NanoVibronix Inc. (NAOV) is $210.00.
