Inspire Veterinary Partners Inc. [NASDAQ: IVP] loss -5.13% or 0.0 points to close at $0.06 with a heavy trading volume of 12458512 shares. The company report on February 29, 2024 at 8:00 AM that Inspire Veterinary Partners Announces New Employee Benefit Program With BetterHelp to Support the Wellbeing of Staff.
Inspire Veterinary Partners, Inc. (NASDAQ:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today announced a new benefit for its employees with BetterHelp.com, a provider of professional, affordable, and personalized therapy in a convenient online format. Starting April 1, 2024, all Inspire employees will have access to convenient, and professional therapy online.
“As we continue to design benefits that matter most to our teams, we identified a need to offer quick access to mental wellness providers and resources versus traditional routes. We believe our collaboration with BetterHelp allows us to better address important challenges that veterinary professionals face and to ensure they have the appropriate tools and resources to help support mental health and wellbeing,” states Lynley Kees, Vice President of Human Resources for IVP.
The daily chart for IVP points out that the company has recorded -97.05% loss over the past six months.
If we look at the average trading volume of 9.49M shares, IVP reached to a volume of 12458512 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Inspire Veterinary Partners Inc. [IVP]:
The Average True Range (ATR) for Inspire Veterinary Partners Inc. is set at 0.03, with the Price to Sales ratio for IVP stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 0.17, with the Price to Cash per share for the same quarter was set at 0.23.
Trading performance analysis for IVP stock
Inspire Veterinary Partners Inc. [IVP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.20. With this latest performance, IVP shares dropped by -57.34% in over the last four-week period, additionally sinking by -97.05% over the last 6 months.
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 IVP stock in for the last two-week period is set at 25.33, with the RSI for the last a single of trading hit 20.40, and the three-weeks RSI is set at 28.37 for Inspire Veterinary Partners Inc. [IVP]. The present Moving Average for the last 50 days of trading for this stock 0.1618, while it was recorded at 0.0692 for the last single week of trading.
Inspire Veterinary Partners Inc. [IVP]: A deeper dive into fundamental analysis
Inspire Veterinary Partners Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 0.69.
An analysis of Institutional ownership at Inspire Veterinary Partners Inc. [IVP]
The top three institutional holders of IVP stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in IVP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in IVP stock with ownership which is approximately 5.8325%.
