How Do Analysts Feel About Novo Integrated Sciences Inc (NVOS)?

Novo Integrated Sciences Inc (NVOS) saw an uptrend of 15.95% in the recent trading with $0.52 being its most recent. The current price level -90.33% lower than the highest price of $5.38 marked by the stock while trading over the past 52-weeks, whereas it is 21.07% higher than the lowest price of $0.43 the company dropped to over past 52-weeks. The latest news story on NVOS appeared in (Business Wire) under the title “Novo Integrated Sciences Provides Update on Certain Current Actions and Events”.

Squeezing the time span to 30 day period shows us the stock is currently trading -25.52% below one month high and is +21.07% above of the lowest during that time. Looking into the simple moving average, Novo Integrated Sciences Inc (NVOS)’s stock stands at a SMA-50 of $0.6290 while that of 5-day is reading $0.4788.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NVOS’s SMA-200 as of now is $1.4853.

Novo Integrated Sciences Inc Earnings – What Happened With NVOS

Coming around sales and income figures on NVOS Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

NVOS – Novo Integrated Sciences Inc Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 15.76 million. NVOS does have institutional investors; and they hold 5.90% of the stock.

Novo Integrated Sciences Inc – Insider Activity and Holdings

As on Dec 30, 2023, Blackrock Inc. was the top most holder in Novo Integrated Sciences Inc (NASDAQ:NVOS) with an ownership of 0.29 million shares of the company or 1.64% of the stake worth $0.15 million. The filing also reveals Vanguard Group Inc as the second largest holder in the company with a control over 1.41% of the outstanding shares. Its stake is worth $0.13 million for having 0.25 million shares in hand.

Geode Capital Management, LLC also came holding a key position in the company during the recent quarter and it now holds 0.72% of the outstanding shares. With this there are now 18 institutions which have possession in NVOS’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Novo Integrated Sciences Inc has a debt to equity ratio of 0.20.

Technical Analysis of Novo Integrated Sciences Inc (NASDAQ:NVOS) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Novo Integrated Sciences Inc (NVOS), we notice that the stock’s 20-day average volume is at 749,825 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 603,242 shares. And to end, NVOS’s 100-day average volume is 776,770 shares with 100% of the long-term indicators pointing towards Sell for the stock.