Bullboard - Stock Discussion Forum Quipt Home Medical Corp T.QIPT

Alternate Symbol(s): QIPT

Healthcare

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators... see more

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TSX:QIPT - Post Discussion

Quipt Home Medical Corp > VMD trading before inclusion to Russell 3000 Index

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Post by Polar4 on May 28, 2023 5:57pm

VMD trading before inclusion to Russell 3000 Index

on June 18, 2020. Maybe a similar story for Quipt?

VMD was trading in the $4.00 range on March 9, 2020 as a result of the panic selling from the Covid pandemic and after releasing its financial results on March 3, 2020 for the three months, year ended December 2019. A month later on April 6 the SP moved to around $7.40 making up for the previous months drop from the Covid selloff. On May 4/5 as we approached the Russell 3000 inclusion date, the stock was trading in the $9.74 range. Then on June 15 the last tading day before inclusion, the SP hit CAN $15.60, about a $6 gain over the previous 6 weeks!

I'm not saying that it will be an exact copy of VMD story, however we have a lot of runway ahead and even if we reach $10-$12 SP by June 26, 2023, it will be a big victory!

GLTA Quipt believers!

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Comment by Carlito3311 on May 28, 2023 8:26pm

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Comment by lscfa on May 28, 2023 8:59pm

The VMD price spike in 2020 was due to big upside revised guidance on April 6/2020. https://stockhouse.com/news/press-releases/2020/04/06/viemed-healthcare-raises-first-quarter-guidance-and-provides-update-on

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Comment by LionGate7 on May 28, 2023 9:11pm

Everyone is entitled to their opinion. We'll see what happens soon enough. Good luck to all!

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Comment by Polar4 on May 28, 2023 9:14pm

Ditto!

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Comment by Carlito3311 on May 28, 2023 10:59pm

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Comment by Funex4t on May 28, 2023 11:40pm

Hey Carlito...Looking at the last year, volume has been dropping and is still low. Why would that be? Is it because day traders alone are working the price? If institutionals were buying and selling would the volume would be higher? Could the majority be waiting for the leap to the bigger indexes? Any thoughts?

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