Inspire Veterinary Partners (IVP) Stock Jumps 31% After-Hours - Here's What You Should Know

Inspire Veterinary Partners Inc. (NASDAQ:IVP) jumped 30.87% in after-hours trading to $0.030 on Tuesday.

Check out the current price of IVP stock here. 

According to Benzinga Pro data, the stock closed at $0.023 during the regular trading session, down 36.99%.

Share Authorization Expansion Approved

The veterinary services company filed a Certificate of Amendment on Jan. 9, increasing its authorized Class A common stock from 100 million to 700 million shares, according to a Securities and Exchange Commission filing.

The amendment received board and requisite stockholder approval under Nevada law.

This represents a 600% increase in authorized shares of Inspire Veterinary Partners.

Trading Metrics, Technical Analysis

The Relative Strength Index (RSI) of the Virginia-based company is 48.76.

IVP has a market capitalization of $872,830, with shares trading between a 52-week high of $4.25 and a 52-week low of $0.02.

The stock of the small cap company has fallen 99.42% over the past 12 months, reflecting a severe long-term decline and signaling that traders should remain cautious.

Currently, the stock is trading at 0.07% of its 52-week range, placing it near its yearly low and highlighting the challenge of overcoming previous resistance levels.

Benzinga's Edge Stock Rankings indicates IVP stock has a negative price trend across all time frames. Here is how the stock fares on other parameters.

Photo Courtesy: yanadhorn on Shutterstock.com

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.