Investing In Novo Integrated Sciences Inc (NASDAQ: NVOS) Does Not Require High Risk Tolerance

During the recent session, Novo Integrated Sciences Inc (NASDAQ:NVOS)’s traded shares were 1.89 million, with the beta value of the company hitting -0.61. At the last check today, the stock’s price was $0.51, reflecting an intraday gain of 8.93% or $0.04. The 52-week high for the NVOS share is $5.38, that puts it down -954.9 from that peak though still a striking 15.69% gain since the share price plummeted to a 52-week low of $0.43. The company’s market capitalization is $8.57M, and the average intraday trading volume over the past 10 days was 0.4 million shares, and the average trade volume was 569.05K shares over the past three months.

Novo Integrated Sciences Inc (NASDAQ:NVOS) trade information

Novo Integrated Sciences Inc (NVOS) registered a 8.93% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.93% in intraday trading to $0.51, hitting a weekly high. The stock’s 5-day price performance is 7.96%, and it has moved by -18.90% in 30 days. Based on these gigs, the overall price performance for the year is -57.49%. The short interest in Novo Integrated Sciences Inc (NASDAQ:NVOS) is 0.56 million shares and it means that shorts have 0.89 day(s) to cover.

NVOS Dividends

Novo Integrated Sciences Inc is due to release its next quarterly earnings between May 24 and May 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Novo Integrated Sciences Inc (NASDAQ:NVOS)’s Major holders

Novo Integrated Sciences Inc insiders own 7.44% of total outstanding shares while institutional holders control 5.59%, with the float percentage being 6.03%. Geode Capital Management, LLC is the largest shareholder of the company, while 18 institutions own stock in it. As of Jun 29, 2023, the company held over 0.82 million shares (or 3.43% of all shares), a total value of $0.12 million in shares.

The next largest institutional holding, with 0.29 million shares, is of State Street Corporation’s that is approximately 1.22% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $42977.0.

Also, the Mutual Funds coming in first place with the largest holdings of Novo Integrated Sciences Inc (NVOS) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Extended Market Index Fund owns about 0.24 million shares. This amounts to just over 1.00 percent of the company’s overall shares, with a $35375.0 market value. The same data shows that the other fund manager holds slightly less at 0.1 million, or about 0.43% of the stock, which is worth about $13405.0.