Does Wall Street Rate Innoviva Inc. (INVA) Shares A Buy?

As of Wednesday close, Innoviva Inc.’s (NASDAQ:INVA) stock was up $0.04, moving up 0.23 percent to $17.09. The average number of shares traded per day over the past five days has been 474,040 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.16 fall in that time frame. In the last twenty days, the average volume was 729,625, while in the previous 50 days, it was 763,646.

Since last month, INVA stock rose 7.42%. Shares of the company fell to $15.79 on 10/27/21, the lowest level in the past month. A 52-week high of $18.97 was reached on 11/10/21 after having rallying from a 52-week low of $10.18. Since the beginning of this year, INVA’s stock price has risen by 37.93% or $4.70, and marked a new high 31 times. However, the stock has declined by -9.91% since its 52-week high.


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Insider Transactions

Innoviva Inc. (INVA) last reported insider trading activity 27 days ago on Oct 29. Innoviva, Inc., the Director of the company, purchased of 1,212,122 shares for $3.30 on Oct 29. It resulted in a $4,000,003 investment by the insider. Zhen Marianne sold 2,802 shares at an average price of $16.02 on Aug 19. The insider now owns 36,493 shares following the transaction. On May 24, Director Bickerstaff George bought 10,000 shares at $13.46 apiece. The transaction was valued at $134,619.

Valuation Metrics

Right now, Innoviva Inc. (INVA) has a P/E ratio of about 5.48. This is lower than the industry average, which comes in at 39.64 right now. Further, its PE also compares favorably with the overall sector’s trailing 12 months PE ratio, which currently stands at 29.53. Within the last five years, Innoviva Inc.’s PE ratio varied between 32.41 and 2.939. The stock’s beta is 0.47. Besides these, the trailing price-to-sales (P/S) ratio of 3.18, the price-to-book (PB) ratio of 2.95.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.

In the three months ended June 29, Innoviva Inc.’s quick ratio stood at 75.80, while its current ratio was 75.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.97, and the total debt-to-equity ratio was 0.97. In the year ended June 29, EBITDA margin amounted to 96.02%, whereas operating margins totaled 94.90%. Based on annual data, INVA earned $15.67 million in gross profit and brought in $336.79 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 28.20%. Return on equity (ROE) for the past 12 months was 64.90%. In the past year, the industry average ROE stood at -68.79.

Earnings Surprise

In Innoviva Inc.’s quarter-end financial report for June 29, it reported total debt of $392.3 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. INVA’s revenue rose 9.37% to $100.81 million during the quarter, while net income inched up to $97.86 million. While analysts expected Innoviva Inc. to report $0.29 quarterly earnings, the actual figure was $0.9 per share, beating the consensus estimate by 210.30%. During the quarter, the company generated $100.32 million in EBITDA. The liabilities of Innoviva Inc. were 395.43 million at the end of its most recent quarter ended June 29, and its total debt was $387.93 million. The value of shareholders’ equity is $69.49 million.

Technical Picture

This quick technical analysis looks at Innoviva Inc.’s (INVA) price momentum. With a historical volatility rate of 12.95%, the RSI 9-day stood at 42.95% on 24 November.

With respect to its five-day moving average, the current Innoviva Inc. price is down by -0.93% percent or -$0.16. At present, INVA shares trade +6.15% above its 20-day simple moving average and +24.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.71% above its SMA50 and +34.57% above its SMA200.

Stochastic coefficient K was 8.57% and Stochastic coefficient D was 8.57%, while ATR was 0.41. Given the Stochastic reading of 10.48% for the 14-day period, the RSI (14) reading has been calculated as 48.07%. As of today, the MACD Oscillator reading stands at -0.17, while the 14-day reading stands at -0.52.

Analyst Ratings

Deutsche Bank launched its rating on Innoviva Inc. (NASDAQ: INVA) to a Hold in a note to investors on November 20, 2017. Innoviva Inc. (INVA) has been rated Sell by analysts. According to 1 brokerage firm, INVA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Innoviva Inc. stock as buy, with 0 recommending it as overweight.

What is INVA’s price target for the next 12 months?

With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict Innoviva Inc. (INVA) will achieve an average price target of $10.00.

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