At the end of the latest market close, Neovasc Inc. (NVCN) was valued at $0.86. In that particular session, Stock kicked-off at the price of $0.88 while reaching the peak value of $0.8954 and lowest value recorded on the day was $0.8511. The stock current value is $0.72.
Recently in News on December 8, 2020, Neovasc Announces US$6.1 Million Registered Direct Offering Priced At-the-Market. Vancouver, British Columbia and Minneapolis, Minnesota–(Newsfile Corp. – December 8, 2020) – Neovasc, Inc. (NASDAQ: NVCN) (TSX: NVCN) (“Neovasc” or the “Company”) announced that it has entered into definitive agreements with certain healthcare-focused institutional investors for the sale of an aggregate of 6,230,803 common shares at a purchase price of US$0.9801 per common share in a registered direct offering (the “Offering”) priced at-the-market under the Nasdaq Capital Market (the “Nasdaq”) rules. Aggregate gross proceeds to the Company are approximately US$6.1 million, before deducting placement agent’s fees and estimated expenses of the Offering payable by the Company. The Offering is expected to close on or about December 10, 2020, subject to satisfaction of customary closing conditions. You can read further details here
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Neovasc Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.1700 on 01/02/20, with the lowest value was $0.6800 for the same time period, recorded on 12/08/20.
Neovasc Inc. (NVCN) full year performance was -71.11%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Neovasc Inc. shares are logging -91.69% during the 52-week period from high price, and 1.20% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.71 and $8.65.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 3311887 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Neovasc Inc. (NVCN) recorded performance in the market was -84.19%, having the revenues showcasing -60.41% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 19.37M, as it employees total of 110 workers.
The Analysts eye on Neovasc Inc. (NVCN)
During the last month, 4 analysts gave the Neovasc Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.8697, with a change in the price was noted -1.7130. In a similar fashion, Neovasc Inc. posted a movement of -70.49% for the period of last 100 days, recording 468,622 in trading volumes.
Technical rundown of Neovasc Inc. (NVCN)
Raw Stochastic average of Neovasc Inc. in the period of last 50 days is set at 1.87%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 15.68%. In the last 20 days, the company’s Stochastic %K was 45.49% and its Stochastic %D was recorded 52.95%.
Considering, the past performance of Neovasc Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -84.19%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -74.40%, alongside a downfall of -71.11% for the period of the last 12 months. The shares increased approximately by -1.64% in the 7-day charts and went down by 3.05% in the period of the last 30 days. Common stock shares were lifted by -60.41% during last recorded quarter.