Should Investors Trust The Upside Potential In Inspire Veterinary Partners Inc. (IVP)?

Inspire Veterinary Partners Inc. (NASDAQ:IVP) currently has a daily average trading volume of 4.89M but it saw 1516719 shares traded in last market. With a market cap of 6.95M USD, the company’s current market price of $0.93 came falling about -2.72 while comparing to the previous closing price of $0.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $242.00 and as low as $0.66. In the recent trading on the day, stock has struck highest price mark of $0.9 while lowest mark touched by it was $0.9986.

Taking a look at 20-day trading activity of Inspire Veterinary Partners Inc. (IVP) gives us an average price of $2.0470, while its current price level is -99.62% below from 52-week high level whereas it is 40.06% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.9376 while that of 200 days or SMA-200 reads an average of $11.2026. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.14% during that period while stretching the period over a month that increases to 30.85%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.18 which implies that the stock is in neutral territory.

Over the week, IVP’s stock price is moving -20.57% down while it is -72.51% when we observe its performance for the past one month. Year-to-date it is -97.30% down and over the past year, the stock is showing a downside performance of -99.27%.

Company’s return on investment (ROI) stands at -203.14%. Stock’s beta reads -2.15. Stock has a price to sale or P/S ratio amounts to 0.41. Its return on asset (ROA) is -89.79% on average.