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 9.90M but it saw 7854260 shares traded in last market. With a market cap of 2.49M USD, the company’s current market price of $0.33 came falling about -11.59 while comparing to the previous closing price of $0.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $116.99 and as low as $0.23. In the recent trading on the day, stock has struck highest price mark of $0.31 while lowest mark touched by it was $0.3598.

Taking a look at 20-day trading activity of Inspire Veterinary Partners Inc. (IVP) gives us an average price of $0.3116, while its current price level is -99.71% below from 52-week high level whereas it is 46.92% 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 $1.1543 while that of 200 days or SMA-200 reads an average of $5.4668. A closer look into the stock’s movement over the week reveals that its volatility is standing at 75.75% during that period while stretching the period over a month that decreases to 36.34%. 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 36.25 which implies that the stock is in neutral territory.

Over the week, IVP’s stock price is moving 30.78% up while it is -52.60% when we observe its performance for the past one month. Year-to-date it is -99.03% down and over the past year, the stock is showing a downside performance of -99.64%.

Company’s return on investment (ROI) stands at -203.14%. Stock’s beta reads -2.86. Stock has a price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -89.79% on average.