Is Invitae Corporation (NVTA) Stock Cheap Or Risky?


As of Wednesday close, Invitae Corporation’s (NYSE:NVTA) stock was up $0.25, moving up 9.73 percent to $2.82. The average number of shares traded per day over the past five days has been 5,622,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.32 fall in that time frame. In the last twenty days, the average volume was 10,558,070, while in the previous 50 days, it was 9,766,938.

Since last month, NVTA stock rose 23.68%. Shares of the company fell to $1.97 on 10/24/22, the lowest level in the past month. A 52-week high of $18.56 was reached on 01/03/22 after having rallying from a 52-week low of $1.83. Since the beginning of this year, NVTA’s stock price has dropped by -81.53% or -$12.45, and marked a new high 1 time. However, the stock has declined by -84.81% since its 52-week high.

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NVTA stock investors should be aware that Invitae Corporation (NVTA) stock had its last reported insider trading activity 92 days ago on Aug 25. WERNER ROBERT F., the Chief Accounting Officer of the company, disposed of 1,350 shares for $3.45 on Aug 25. It resulted in a $4,658 divestment by the insider. Brida Thomas sold 7,048 shares at an average price of $4.55 on Aug 16. The insider now owns 386,267 shares following the transaction. On Aug 16, Chief Medical Officer Nussbaum Robert L sold 7,048 shares at $4.55 apiece. The transaction was valued at $32,071.

Valuation Metrics

The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 1.39, the price-to-book (PB) ratio of 4.21.

Financial Health

In the three months ended June 29, Invitae Corporation’s quick ratio stood at 6.20, while its current ratio was 6.40, 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 10.03, and the total debt-to-equity ratio was 10.07. On the profitability front, the trailing twelve-month gross margin is 19.10% 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 -201.80%.

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 12.9% to $123.69 million during the quarter, while net income inched up to $133.54 million. While analysts expected Invitae Corporation to report -$0.76 quarterly earnings, the actual figure was -$0.68 per share, beating the consensus estimate by 10.50%. During the quarter, the company generated -$246.15 million in EBITDA. The liabilities of Invitae Corporation were 1.87 billion at the end of its most recent quarter ended June 29, and its total debt was $1.75 billion. The value of shareholders’ equity is $242.9 million.

Technical Picture

This quick technical analysis looks at Invitae Corporation’s (NVTA) price momentum. With a historical volatility rate of 150.49%, the RSI 9-day stood at 50.58% on 23 November.

With respect to its five-day moving average, the current Invitae Corporation price is down by -10.19% percent or -$0.32. At present, NVTA shares trade +13.71% above its 20-day simple moving average and -5.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.43% below its SMA50 and -73.47% below its SMA200.

Stochastic coefficient K was 29.24% and Stochastic coefficient D was 32.71%, while ATR was 0.38. Given the Stochastic reading of 36.54% for the 14-day period, the RSI (14) reading has been calculated as 51.36%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.15.

Analyst Ratings

Credit Suisse launched its rating on Invitae Corporation (NYSE: NVTA) to an Underperform in a note to investors on August 25, 2022. Invitae Corporation (NVTA) has been rated Underweight by analysts. According to 3 brokerage firms, NVTA is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Invitae Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $2.75, the current consensus forecast for the stock is $1.00 – $4.00. Based on these forecasts, analysts predict Invitae Corporation (NVTA) will achieve an average price target of $2.79.


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