A glimpse at Novo Integrated Sciences Inc’s potential climb to old highs

The closing price of Novo Integrated Sciences Inc (NASDAQ: NVOS) was $0.55 for the day, down -0.88% from the previous closing price of $0.55. In other words, the price has decreased by -$0.0049 from its previous closing price. On the day, 879495 shares were traded. NVOS stock price reached its highest trading level at $0.6365 during the session, while it also had its lowest trading level at $0.5440.

Ratios:

Our analysis of NVOS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.07.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVOS now has a Market Capitalization of 9.76M and an Enterprise Value of 12.76M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 0.98 whereas that against EBITDA is -1.82.

Stock Price History:

Over the past 52 weeks, NVOS has reached a high of $5.38, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 0.6953, while the 200-Day Moving Average is calculated to be 1.5509.

Shares Statistics:

NVOS traded an average of 633.87K shares per day over the past three months and 528.4k shares per day over the past ten days. A total of 15.76M shares are outstanding, with a floating share count of 15.58M. Insiders hold about 7.32% of the company’s shares, while institutions hold 5.90% stake in the company. Shares short for NVOS as of Feb 29, 2024 were 641.5k with a Short Ratio of 1.01, compared to 622.39k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.61% and a Short% of Float of 3.64%.

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