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Neovasc (NVCN): Will The Stock Price Rise Soon?

7:17 pm ET, 27 Mar 2018

Neovasc (NASDAQ: NVCN), a medical device company, witnessed a dip in its stock price over the last 7 days.

Neovasc develops and markets cardiovascular products.

In a written notification from NASDAQ, Neovasc was informed about its non-compliance with the maintenance of minimum $35 Million market value standard. 

There has been no improvement in its market value for 30 continuous business days from February 6, 2018, to March 21, 2018, which led NASDAQ to take the step. The notification doesn't imply Neovasc’s delisting from the Nasdaq Capital Market.

If the company doesn’t do anything about this until September 18, 2018, to ensure its compliance with the standard, NASDAQ will take an action.  Neovasc’s market value should be more than the US $35 million for 10 continuous business days by the specified deadline.

There won't be any impact on the company's operations or its compliance status on the Toronto Stock Exchange.

There is a lot of fear about Neovasc’s future, which is the reason why the shares trade so low.  

Should this be the case?

Per Finstead research, Neovasc’s average price target is almost $4 which is far away from its current price ($0.11). Its upside is over 3,000%.

Neovasc’s valuation ratios (e.g., forward P/E ratio) are all negative.  This is an indication that the company is unprofitable.  So trading its shares is highly speculative and not recommended unless you're a market expert.

Neovasc Inc. (NVCN) Stock Guide

Updated at: 9:55 pm ET, 12 Nov 2020

Before we start: if you're looking for NVCN stock price, you can quickly find it out by visiting Finny and typing "NVCN quote". If you're looking for a quick scoop on NVCN stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "NVCN". You'll get all this info in one place. Or you can just type "NVCN news" to get the latest stock news.

Looking to buy or sell Neovasc Inc. (NVCN)? Interested in getting the full scoop on NVCN, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this NVCN stock guide, we'll address key questions about NVCN, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are NVCN earnings?
2. When is NVCN earnings date?
3. What is NVCN stock forecast (i.e., prediction)?
4. NVCN buy or sell? What is NVCN Finny Score?
5. What are the reasons to buy NVCN? Why should I buy NVCN stock?
6. What are the reasons to sell NVCN? Why should I sell NVCN stock?
7. What are NVCN key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are NVCN earnings?

NVCN trailing 12-month earnings per share (EPS) is -$3.40.

2. When is NVCN earnings date?

NVCN earnings date is undefined.

Analyst Predictions

3. What is NVCN stock forecast (i.e., prediction)?

Based on NVCN analyst price targets, NVCN stock forecast is $1.88 (for a year from now). That means the average analyst price target for NVCN stock is $1.88. The prediction is based on 1 analyst estimates.

The low price target for NVCN is $1.50, while the high price target is $2.25.

NVCN analyst rating is Strong Buy.

Analysis

4. NVCN buy or sell? What is NVCN Finny Score?

#{finnyScore:83}Our quantitative analysis shows 5 reasons to buy and 1 reason to sell NVCN, resulting in Finny Score of 83.

5. What are the reasons to buy NVCN? Why should I buy NVCN stock?

Here are the reasons to buy NVCN stock:

  • NVCN stock price ($0.75) is close to the 52-week low ($0.47). Perhaps now is a good time to buy? See NVCN price chart.
  • NVCN profitability is improving. The YoY profit margin change was 484.14 percentage points. See NVCN profitability chart.
  • NVCN average analyst rating is Strong Buy. See NVCN analyst rating chart.
  • NVCN average analyst price target ($1.88) is above its current price ($0.75). See NVCN price target chart.
  • NVCN cash to debt ratio is 0.85, higher than the average industry (0.18) and sector (0.16) cash to debt ratio. See NVCN cash to debt chart.

6. What are the reasons to sell NVCN? Why should I sell NVCN stock?

Let's look at the reasons to sell NVCN stock (i.e., the bear case):

  • NVCN quarterly revenue growth was -35.40%, lower than the industry and sector average revenue growth (0.75% and 0.52%, respectively). See NVCN revenue growth chart.

Key Stats

7. What are NVCN key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for NVCN:

Metrics NVCN
Price $0.88
Average Price Target / Upside $1.88 / 114.22%
Average Analyst Rating Strong Buy
Forward Dividend Yield 0.00%
Industry Medical Devices
Sector Healthcare
Number of Employees 110
Market Cap $16.79M
Forward P/E Ratio -5.70
Price/Book Ratio N/A
Revenue (TTM) N/A
YoY Quarterly Revenue Growth N/A
Profit Margin N/A

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