Novo Integrated Sciences Inc (NASDAQ:NVOS) saw an upside of 2.23% to close Monday at $0.27 after adding $0.01 on the day. The 5-day average trading volume is 33,170,680 shares of the company’s common stock. It has gained $0.3289 in the past week and touched a new high 3 times within the past 5 days. An average of 75,614,094 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 57,216,820.
NVOS’s 1-month performance is 46.04% or $0.0949 on its low of $0.1300 reached on 08/31/23. The company’s shares have touched a 52-week low of $0.07 and high of $1.24, with the stock’s rally to the 52-week high happening on 09/13/23. YTD, NVOS has achieved 32.17% or $0.0647 and has reached a new high 6 times. However, the current price is down -78.56% from the 52-week high price.
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Valuation Metrics
NVOS stock has a beta of -0.47. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.45.
Novo Integrated Sciences Inc’s quick ratio for the recent period was 0.49, with the current ratio over the same period at 0.64. The trailing 12-month EBITDA margin is -55.95%. The firm’s gross profit as reported stood at $4.8 million against revenue of $11.74 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -220.67% to -$1.5 million, while revenue of -$3.94 million was -162.67% off the previous quarter. EBITDA for the quarter stood at more than -$0.69 million. NVOS stock balance sheet for the recent quarter shows that total liabilities totaled 9.45 million, with total debt at $4.58 million. Shareholders hold equity totaling $148.43 million.
Let’s look briefly at Novo Integrated Sciences Inc (NVOS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 46.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 190.56%.
The stock’s 5-day moving average is $0.2636, reflecting a -21.82% or -$0.0742 change from its current price. NVOS is currently trading +55.53% above its 20-day SMA, +92.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +106.85% and SMA200 by+15.57%.
Stochastic %K and %D was 19.71% and 25.08% and the average true range (ATR) pointed at 0.0778. The RSI (14) points at 51.01%, while the 14-day stochastic is at 16.74% with the period’s ATR at 0.0713. The stock’s 9-day MACD Oscillator is pointing at -0.0581 and -0.0561 on the 14-day charts.
