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Is Neovasc Inc (NVCN) Stock About to Get Hot Friday?

Friday, November 25, 2022 01:10 PM | InvestorsObserver Analysts

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Is Neovasc Inc (NVCN) Stock About to Get Hot Friday?

The market has been high on Neovasc Inc (NVCN) stock recently. NVCN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Neovasc Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NVCN!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NVCN Stock Today?

Neovasc Inc (NVCN) stock is trading at $8.01 as of 1:05 PM on Friday, Nov 25, a gain of $0.51, or 6.8% from the previous closing price of $7.50. The stock has traded between $7.49 and $8.22 so far today. Volume today is high. So far 7,623 shares have traded compared to average volume of 4,729 shares.

More About Neovasc Inc

Neovasc Inc is a specialty medical device company. It develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. Its products the Neovasc Reducer (Reducer), for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and the Tiara, for the transcatheter treatment of mitral valve disease, which is under clinical investigation in the United States, Canada, Israel and Europe. The company earns revenue from one source, the Reducer. Click Here to get the full Stock Report for Neovasc Inc stock.

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