Market cap of NanoVibronix Inc. [NAOV] reaches 25.57M – now what?

NanoVibronix Inc. [NASDAQ: NAOV] closed the trading session at $1.11 on 04/26/21. The day’s price range saw the stock hit a low of $0.9765, while the highest price level was $1.19. The company report on April 26, 2021 that NanoVibronix Announces Expanded CMS Reimbursement Approval for PainShield.

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PainShield Added to DME Schedule for Reimbursement as a Device, Enhances Providers’ Ability to Dispense PainShield, Significantly Expands Addressable Market.

NanoVibronix, Inc., (NASDAQ: NAOV), a medical device company that produces the UroShield®, PainShield® and WoundShield® Surface Acoustic Wave (SAW) Portable Ultrasonic Therapeutic Devices, announced that the U.S. Centers for Medicare and Medicaid Services (CMS) has expanded its reimbursement approval of the company’s PainShield™ product by adding the device to its Durable Medical Equipment (DME) schedule.

The stocks have a year to date performance of 45.27 percent and weekly performance of 30.59 percent. The stock has been moved at 63.21 percent over the last six months. The stock has performed 9.90 percent around the most recent 30 days and changed -22.92 percent over the most recent 3-months.

If compared to the average trading volume of 2.57M shares, NAOV reached to a volume of 11449896 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NanoVibronix Inc. [NAOV]:

The Average True Range (ATR) for NanoVibronix Inc. is set at 0.10, with the Price to Sales ratio for NAOV stock in the period of the last 12 months amounting to 42.62. The Price to Book ratio for the last quarter was 8.54, with the Price to Cash per share for the same quarter was set at 0.31.

NAOV stock trade performance evaluation

NanoVibronix Inc. [NAOV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.59. With this latest performance, NAOV shares gained by 9.90% in over the last four-week period, additionally plugging by 63.21% over the last 6 months – not to mention a drop of -43.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NAOV stock in for the last two-week period is set at 59.24, with the RSI for the last a single of trading hit 68.24, and the three-weeks RSI is set at 54.78 for NanoVibronix Inc. [NAOV]. The present Moving Average for the last 50 days of trading for this stock 1.0893, while it was recorded at 0.9443 for the last single week of trading, and 1.0002 for the last 200 days.

NanoVibronix Inc. [NAOV]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NanoVibronix Inc. [NAOV] shares currently have an operating margin of -757.46 and a Gross Margin at +34.35. NanoVibronix Inc.’s Net Margin is presently recorded at -694.22.

Return on Total Capital for NAOV is now -250.15, given the latest momentum, and Return on Invested Capital for the company is -230.05. Return on Equity for this stock declined to -231.16, with Return on Assets sitting at -84.27. When it comes to the capital structure of this company, NanoVibronix Inc. [NAOV] has a Total Debt to Total Equity ratio set at 1.29. Additionally, NAOV Total Debt to Total Capital is recorded at 1.28, with Total Debt to Total Assets ending up at 0.38. Long-Term Debt to Equity for the company is recorded at 0.75, with the Long-Term Debt to Total Capital now at 0.74.

Reflecting on the efficiency of the workforce at the company, NanoVibronix Inc. [NAOV] managed to generate an average of -$360,417 per employee. Receivables Turnover for the company is 5.59 with a Total Asset Turnover recorded at a value of 0.12.NanoVibronix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.70.

NanoVibronix Inc. [NAOV]: Insider Ownership positions

There are presently around $2 million, or 9.00% of NAOV stock, in the hands of institutional investors. The top three institutional holders of NAOV stocks are: SABBY MANAGEMENT, LLC with ownership of 583,415, which is approximately New of the company’s market cap and around 12.15% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 513,100 shares of the stock with an approximate value of $0.57 million in NAOV stocks shares; and HUDSON BAY CAPITAL MANAGEMENT LP, currently with $0.34 million in NAOV stock with ownership of nearly New of the company’s market capitalization.

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Positions in NanoVibronix Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 10 institutional holders increased their position in NanoVibronix Inc. [NASDAQ:NAOV] by around 1,509,344 shares. Additionally, 4 investors decreased positions by around 566,620 shares, while 2 investors held positions by with 361,230 shares. The mentioned changes placed institutional holdings at 1,714,734 shares, according to the latest SEC report filing. NAOV stock had 9 new institutional investments in for a total of 1,509,289 shares, while 4 institutional investors sold positions of 566,620 shares during the same period.

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