Neovasc Inc (NASDAQ:NVCN) shares traded -8.67% down during most recent session to reach at the closing price of $0.18. The stock exchanged hands 49.21 Million shares versus average trading capacity of 5.54 Million shares, yielding a market cap of $13.89 Million. Wall Street analysts covering the stock are projecting that the stock will reach $1.88 within the next 52-weeks. The mean target projections are based on 2 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Neovasc Inc (NASDAQ:NVCN) high price target of $2.25 and with a conservative view have low price target of $1.5.
Ladenburg Thalmann “Downgrades” Neovasc Inc (NASDAQ:NVCN) in a research note issued to investors on 5/20/16 to Neutral.
Additionally on 12/10/15 Ladenburg Thalmann “Initiates Coverage on” Neovasc Inc (NASDAQ:NVCN) to Buy setting price target at $9.3 and on 10/07/15 JMP Securities “Assumes” the stock to Market Outperform at $10. Furthermore on 4/02/15 Canaccord Genuity “Initiates Coverage on” the stock to Buy at $15.
On the other hand the company has Relative Strength Index (RSI 14) of 31.21 along with Average True Range (ATR 14) of 0.05, Consequently Neovasc Inc (NASDAQ:NVCN)’s weekly and monthly volatility is 17.51%, 20.94% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Neovasc Inc (NASDAQ:NVCN) has analysts’ mean recommendation of 1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Neovasc Inc (NASDAQ:NVCN)’s minimum EPS for the current quarter is at $-0.08 and can go high up to $-0.01. The consensus mean EPS for the current quarter is at $-0.05 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.54 earnings per share for the same quarter during last year.
Previously Neovasc Inc (NASDAQ:NVCN) reported $-0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.07 by $0.01. The company posted an earnings surprise of 14.3%.
Neovasc Inc (NASDAQ:NVCN)’s revenue estimates for the current quarter are $1.16 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $1.5 Million in contradiction of low revenue estimates of $950 Million. For the current year the company’s revenue estimates are $4.1 Million compared to low analyst estimates of $1.36 Million and high estimates of $5.7 Million according to 4 number of analysts.
Currently Neovasc Inc (NASDAQ:NVCN)’s shares owned by insiders are 30.62%, whereas shares owned by institutional owners are 30.73%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0%.
Neovasc Inc (NASDAQ:NVCN) 52-week high price stands at $2.12 and low price stands at $0.19, its price distance from 52-week high is -91.7% while its distance from 52-week low price is -4.97%. The stock hit its 52-week high on 03/20/17, and 52-week low on 03/12/18.
Neovasc Inc (NASDAQ:NVCN)’s trailing twelve month revenues are $6.92 Million, whereas its price to sales ratio for the same period is 2.01. Its book value per share for the most recent quarter is $-0.42 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.7.