What’s The Story Behind Neovasc Inc. (NASDAQ:NVCN)

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Neovasc Inc. (NASDAQ:NVCN) closed its last session at $0.28. The stock traded within a range of $0.260 and $0.330. The company operates in the Healthcare sector with a market capitalization of 22360. Trading volume for Neovasc Inc. was 8.14 Million in its previous trading session. Currently, Neovasc Inc. (NASDAQ:NVCN) has an average volume of 1.06 Million.

Company Profile

Neovasc Inc. is a specialty medical device company. It develops, manufactures and markets products for the cardiovascular marketplace. The Company’s products include the Tiara (TM) mitral valve prosthesis in development for the transcatheter treatment of mitral valve disease, the Neovasc Reducer (TM) for the treatment of refractory angina and a line of advanced biological tissue products that are used as key components in third-party medical products, including transcatheter heart valves. Neovasc Inc. is headquartered in Richmond, Canada.

Analyst Views

Neovasc Inc. (NASDAQ:NVCN) received a Buy rating from 2 analysts. 1 analysts gave its stock an Outperform rating. 0 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Neovasc Inc. (NASDAQ:NVCN) touched its 1-Year High price of $2.120 on 03/20/17 and its 1-Year Low price of $0.260 on 02/14/18.

EPS & Financials

Neovasc Inc. (NASDAQ:NVCN) reported its EPS in the last quarter as $-0.06/Share beating the analyst estimate of $-0.07/Share by a difference of $0.01. This showed a surprise of 14.3% in the last quarter earnings.

For the current quarter, 3 analysts are projecting a mean EPS of $-0.05/share. According to their observations and findings, the stock could provide a high EPS of $-0.01/share and a low EPS of $-0.08/share.

Analysts believe that the company has the potential to earn average revenue of $1.17 Million for the current quarter. According to their predictions high & low revenue estimates are 1.5 Million and 980 Million respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BEARISH with HIGH volatility. Neovasc Inc. (NASDAQ:NVCN) has a 20-Day average volume of 2.46 Million. According to today’s trading volume Neovasc Inc. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BEARISH trend as well.

The company currently has an insider ownership of 32.54 Percent and Institutional ownership of 33.59 Percent. The return on assets stands at 0%, Return on Equity currently is 0% and the Return on Investment value is 0%.

Neovasc Inc. (NASDAQ:NVCN) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 0 percent and its overall profit margin (ttm) is 0 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -43.88% with a 50-Day Simple Moving Average of -50.45 percent. As of today, the company has a SMA200 (200-day simple moving average) of -75.07 Percent. The Stock has YTD (year to date) performance of -52.78 percent.

The TTM operating margin for the company stands at 0%. The return on invested capital is at 0%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -75.07%, and has a solid year to date (YTD) performance of -52.78% which means that the stock is constantly adding to its value from the previous fiscal year end price.