As of Thursday close, Novo Integrated Sciences Inc.’s (NASDAQ:NVOS) stock traded at $0.14. The average number of shares traded per day over the past five days has been 27,029,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0420 fall in that time frame. In the last twenty days, the average volume was 70,769,570, while in the previous 50 days, it was 30,296,873.
Since last month, NVOS stock rose 31.70%. Shares of the company fell to $0.0690 on 08/14/23, the lowest level in the past month. A 52-week high of $1.69 was reached on 01/09/23 after having rallying from a 52-week low of $0.07. Since the beginning of this year, NVOS’s stock price has dropped by -30.38% or -$0.0611, and marked a new high 2 times. However, the stock has declined by -91.72% since its 52-week high.
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Valuation Metrics
The stock’s beta is -0.23. Besides these, the trailing price-to-sales (P/S) ratio of 18.28, the price-to-book (PB) ratio of 0.74.
Financial Health
In the recent quarter, Novo Integrated Sciences Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. Based on annual data, NVOS earned $4.8 million in gross profit and brought in $11.74 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NVOS’s revenue rose 12.77% to $3.42 million during the quarter, while net income inched up to $3.29 million. During the quarter, the company generated -$0.69 million in EBITDA. The liabilities of Novo Integrated Sciences Inc. were 9.45 million at the end of its most recent quarter, and its total debt was $4.58 million. The value of shareholders’ equity is $148.43 million.
Technical Picture
This quick technical analysis looks at Novo Integrated Sciences Inc.’s (NVOS) price momentum. With a historical volatility rate of 196.73%, the RSI 9-day stood at 48.13% on 31 August.
With respect to its five-day moving average, the current Novo Integrated Sciences Inc. price is down by -23.08% percent or -$0.0420. At present, NVOS shares trade +30.23% above its 20-day simple moving average and +25.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.78% below its SMA50 and -44.90% below its SMA200.
Stochastic coefficient K was 39.05% and Stochastic coefficient D was 41.80%, while ATR was 0.0342. Given the Stochastic reading of 39.25% for the 14-day period, the RSI (14) reading has been calculated as 50.34%. As of today, the MACD Oscillator reading stands at -0.0259, while the 14-day reading stands at -0.0134.
Analyst Ratings
Novo Integrated Sciences Inc. (NVOS) has been rated – by analysts. According to 0 brokerage firms, NVOS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Novo Integrated Sciences Inc. stock as buy, with 0 recommending it as overweight.
