As of Thursday close, Invitae Corporation’s (NYSE:NVTA) stock was up $0.34, moving up 13.77 percent to $2.81. The average number of shares traded per day over the past five days has been 14,524,040 shares. 5 times new highs have been achieved over the past 5 days, with a $0.47 gain in that time frame. In the last twenty days, the average volume was 10,272,375, while in the previous 50 days, it was 9,128,348.
Since last month, NVTA stock retreated -23.85%. Shares of the company fell to $2.08 on 06/14/22, the lowest level in the past month. A 52-week high of $35.51 was reached on 01/03/22 after having rallying from a 52-week low of $2.08. Since the beginning of this year, NVTA’s stock price has dropped by -81.60% or -$12.46, and marked a new high 1 time. However, the stock has declined by -92.09% since its 52-week high.
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Invitae Corporation (NVTA) last reported insider trading activity 36 days ago on May 19. WERNER ROBERT F., the Chief Accounting Officer of the company, disposed of 2,746 shares for $3.40 on May 19. It resulted in a $9,336 divestment by the insider. WERNER ROBERT F. sold 7,356 shares at an average price of $3.81 on May 17. The insider now owns 204,655 shares following the transaction. On May 17, Chief Operating Officer Knight Kenneth D. sold 28,295 shares at $3.81 apiece. The transaction was valued at $107,807.
The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 0.23.
In the three months ended March 30, Invitae Corporation’s quick ratio stood at 5.90, while its current ratio was 6.10, 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 March 30 was 0.56, and the total debt-to-equity ratio was 0.56. On the profitability front, the trailing twelve-month gross margin is 22.90% percent. Based on annual data, NVTA earned $111.78 million in gross profit and brought in $460.45 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 -7.70%. Return on equity (ROE) for the past 12 months was -15.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NVTA’s revenue rose 16.23% to $126.12 million during the quarter, while net income inched up to $123.69 million. While analysts expected Invitae Corporation to report -$0.76 quarterly earnings, the actual figure was -$0.78 per share, beating the consensus estimate by -2.60%. During the quarter, the company generated -$181.68 million in EBITDA. The liabilities of Invitae Corporation were 1.92 billion at the end of its most recent quarter ended March 30, and its total debt was $1.73 billion. The value of shareholders’ equity is $229.29 million.
This quick technical analysis looks at Invitae Corporation’s (NVTA) price momentum. With a historical volatility rate of 129.25%, the RSI 9-day stood at 51.96% on 23 June.
With respect to its five-day moving average, the current Invitae Corporation price is up by +20.09% percent or $0.47. At present, NVTA shares trade -18.31% below its 20-day simple moving average and -72.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -58.98% below its SMA50 and -91.14% below its SMA200.
Stochastic coefficient K was 30.73% and Stochastic coefficient D was 17.93%, while ATR was 0.32. Given the Stochastic reading of 56.15% for the 14-day period, the RSI (14) reading has been calculated as 43.98%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at -0.03.
Piper Sandler launched its rating on Invitae Corporation (NYSE: NVTA) to an Underweight in a note to investors on June 03, 2022. Invitae Corporation (NVTA) has been rated Overweight by analysts. According to 1 brokerage firm, NVTA is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Invitae Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $2.50 – $31.75. Based on these forecasts, analysts predict Invitae Corporation (NVTA) will achieve an average price target of $13.19.