Inspire Veterinary Partners (NASDAQ:IVP) Issues Quarterly Earnings Results

Inspire Veterinary Partners (NASDAQ:IVP) announced its earnings results on Wednesday. The company reported ($0.41) earnings per share (EPS) for the quarter, FiscalAI reports. Inspire Veterinary Partners had a negative net margin of 84.39% and a negative return on equity of 641.93%. The company had revenue of $4.32 million during the quarter.

Inspire Veterinary Partners Price Performance

Inspire Veterinary Partners stock traded down $0.01 during midday trading on Wednesday, reaching $0.69. The company’s stock had a trading volume of 26,435 shares, compared to its average volume of 401,864. Inspire Veterinary Partners has a fifty-two week low of $0.63 and a fifty-two week high of $6.50. The firm has a market capitalization of $2.49 million, a PE ratio of -0.06 and a beta of -1.06. The stock’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $1.14. The company has a debt-to-equity ratio of 18.96, a quick ratio of 0.09 and a current ratio of 0.13.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Inspire Veterinary Partners stock. Armistice Capital LLC bought a new stake in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 202,896 shares of the company’s stock, valued at approximately $347,000. Armistice Capital LLC owned about 9.57% of Inspire Veterinary Partners at the end of the most recent quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inspire Veterinary Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Inspire Veterinary Partners has a consensus rating of “Sell”.

About Inspire Veterinary Partners

Inspire Veterinary Partners, Inc owns and operates veterinary hospitals in the United States. The company specializes in small animal general practice hospitals, which serve companion pets, canine, and feline breeds, including equine care. Its hospitals provide preventive care for companion animals consisting of annual health exams and parasite control; dental health; nutrition and body condition counseling; neurological examinations; radiology; bloodwork; and skin and coat health, and other breed specific preventive care services.