The stock of Invivyd Inc. (NASDAQ:IVVD) increased by $0.05 on Friday to finish at $1.60, up 3.23 percent. The last five days have seen an average of 409,980 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $0.1000. The average number of shares traded over the last 20 days was 271,750, while the average volume over the last 50 days totaled 442,914.
IVVD stock appreciated 15.94% since last month. On 07/12/23, the company’s shares reached a one-month low of $1.2500. The stock touched a high of $4.90 on 01/27/23, after rallying from a low of $0.98 in 52 weeks. The price of IVVD stock has risen by 6.67% or $0.1000 this year, reaching a new high 11 times. Still, the stock price is down -67.35% from the 52-week high.
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Financial Health
For the three months ended June 29, Invivyd Inc.’s quick ratio was 15.60, while its current ratio was 15.60, indicating its ability to pay off its debt.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IVVD’s return on assets (ROA) during the last 12 months has been -58.70%. In the meantime, the return on equity (ROE) for the last 12 months was -65.40%.
Earnings Surprise
According to Invivyd Inc.’s quarterly financial report for the quarter that ended June 29, it had $176.48 million in cash and short-term investments. It was predicted that Invivyd Inc.’s quarterly earnings would be -$0.46, but it ended up being -$0.34, beating the consensus by -35.30%. At the end of Invivyd Inc.’s most recent quarter ended June 29, its liabilities totaled 33.85 million, while its total debt was $2.96 million. Equity owned by shareholders amounts to $109.76 million.
Technical Picture
Here’s a quick look at Invivyd Inc.’s (IVVD) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 72.99%, suggesting the stock is Overbought, with a 34.38% historical volatility rate.
The stochastic %K and %D were 76.23% and 75.53% respectively, while the average true range (ATR) was 0.1427. Based on the 14-day stochastic reading of 78.57%, the RSI (14) reading is 66.67%. On the 9-day MACD Oscillator, the stock is at 0.0556, and the 14-day reading is at 0.0821.
Analyst Ratings
In its analyst report released on May 01, 2023, H.C. Wainwright began covering Invivyd Inc. (NASDAQ: IVVD). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Invivyd Inc. (IVVD) an Hold rating. IVVD is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is IVVD’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $5.00, with a median target price of $1.50. In analyzing these forecasts, the average price target given by analysts for Invivyd Inc. (IVVD) is $2.50.
