What The Financials Tell Us About Invitae Corporation (NVTA)


Invitae Corporation (NYSE:NVTA) finished Thursday with a subtraction of -$0.21 to close at $2.56, a downside of -7.58 percent. An average of 10,908,660 shares of common stock have been traded in the last five days. There was a fall of -$0.92 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 10,335,455 shares traded, while the 50-day average volume stands at 21,510,637.

NVTA stock has decreased by -24.93% in the last month. The company shares reached their 1-month lowest point of $2.49 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.83 and a high of $32.30 in 52 weeks. It has reached a new high 1 time so far this year and lost -83.24% or -$12.71 in price. In spite of this, the price is down -92.07% from the 52-week high.

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Insider Transactions

29 days have passed since Invitae Corporation (NVTA) last reported insider trading activity. WERNER ROBERT F., who is Chief Accounting Officer, most recently acquired $1,350 shares at $3.45 per share on Aug 25. In this transaction, the insider spent $4,658., Brida Thomas, disposed of 7,048 shares at a price of $4.55 on Aug 16. The insider now owns more than $32,071 worth of shares. Prior to that, Chief Medical Officer Nussbaum Robert L went on to Sale 7,048 shares at $4.55 each on Aug 16. An amount of $32,071 was transacted.

Valuation Metrics

Invitae Corporation (NVTA) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.32, the price-to-book (PB) ratio at 1.54.

Financial Health

The quick ratio of Invitae Corporation for the three months ended June 29 was 6.10, and the current ratio was 6.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.12 and a total debt to equity ratio of 4.14 for the quarter ending June 29. Its gross profit as reported stood at $111.78 million compared to revenue of $460.45 million.

Earnings Surprise

For the three-month period that ended June 29, Invitae Corporation had $549.38 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$181.86 million in the quarter, while revenues were grew 39.79%. The analyst consensus anticipated Invitae Corporation’s latest quarter earnings to come in at -$0.76 per share, but it turned out to be -$0.68, a 10.50% surprise. For the quarter, EBITDA amounted to -$2.48 billion. Shareholders own equity worth $235.27 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Invitae Corporation (NVTA) price momentum. RSI 9-day as of the close on 22 September was 33.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.51%.

As of today, NVTA’s price is $2.92 -26.44% or -$0.92 from its 5-day moving average. NVTA is currently trading -30.62% lower than its 20-day SMA and -51.79% lower than its 100-day SMA. However, the stock’s current price level is -12.93% below the SMA50 and -83.37% below the SMA200.

The stochastic %K and %D were 10.92% and 19.99%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 4.09% and the average true range at 0.51, the RSI (14) stands at 40.95%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -0.46.

Analyst Ratings

Credit Suisse launched coverage on Invitae Corporation (NYSE: NVTA) in its analyst report released on August 25, 2022. The firm assigned the stock an Underperform rating. The consensus rating for Invitae Corporation (NVTA) among analysts is Underweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell NVTA, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $1.00 and $4.00, with a median target of $2.50. Taking a look at these predictions, the average price target given by analysts for Invitae Corporation (NVTA) stock is $2.71.


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