As of Friday close, Innoviva Inc.’s (NASDAQ:INVA) stock was up $0.07, moving up 0.52 percent to $13.64. The average number of shares traded per day over the past five days has been 404,520 shares. 3 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 480,130, while in the previous 50 days, it was 582,288.
Since last month, INVA stock rose 7.91%. Shares of the company fell to $12.59 on 07/20/23, the lowest level in the past month. A 52-week high of $14.28 was reached on 05/22/23 after having rallying from a 52-week low of $10.64. Since the beginning of this year, INVA’s stock price has risen by 2.94% or $0.39, and marked a new high 6 times. However, the stock has declined by -4.48% since its 52-week high.
INVA stock investors should be aware that Innoviva Inc. (INVA) stock had its last reported insider trading activity 74 days ago on Jun 06. DENNER ALEXANDER J, the 10% Owner of the company, purchased of 8,000 shares for $13.05 on Jun 06. It resulted in a $104,384 investment by the insider. DENNER ALEXANDER J added 7,000 shares at an average price of $13.04 on Jun 05. The insider now owns 7,207,000 shares following the transaction. On May 30, 10% Owner DENNER ALEXANDER J bought 120,000 shares at $13.01 apiece. The transaction was valued at $1,560,648.
Valuation Metrics
Right now, Innoviva Inc. (INVA) has a P/E ratio of about 5.79. The stock’s beta is 0.52. Besides these, the trailing price-to-sales (P/S) ratio of 3.08, the price-to-book (PB) ratio of 1.60, and the price-to-cash flow ratio of 10.13 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.
Financial Health
In the three months ended June 29, Innoviva Inc.’s quick ratio stood at 7.00, while its current ratio was 8.20, 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 0.80, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 88.60% percent. Based on annual data, INVA earned $317.55 million in gross profit and brought in $331.34 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 34.90%. Return on equity (ROE) for the past 12 months was 40.20%.
In Innoviva Inc.’s quarter-end financial report for June 29, it reported total debt of $444.69 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INVA’s revenue fell -14.67% to $57.34 million during the quarter, while net income inched up to $78.54 million. While analysts expected Innoviva Inc. to report $0.26 quarterly earnings, the actual figure was $0.02 per share, beating the consensus estimate by -92.30%. During the quarter, the company generated $37.47 million in EBITDA. The liabilities of Innoviva Inc. were 563.15 million at the end of its most recent quarter ended June 29, and its total debt was $448.28 million. The value of shareholders’ equity is $65.1 million.
Technical Picture
This quick technical analysis looks at Innoviva Inc.’s (INVA) price momentum. With a historical volatility rate of 19.42%, the RSI 9-day stood at 58.32% on 18 August.
With respect to its five-day moving average, the current Innoviva Inc. price is up by +1.04% percent or $0.14. At present, INVA shares trade +5.17% above its 20-day simple moving average and +20.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.79% above its SMA50 and +0.52% above its SMA200.
Stochastic coefficient K was 72.01% and Stochastic coefficient D was 78.49%, while ATR was 0.28. Given the Stochastic reading of 76.42% for the 14-day period, the RSI (14) reading has been calculated as 58.85%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at 0.06.
With a median target price of $14.00, the current consensus forecast for the stock is $14.00 – $14.00. Based on these forecasts, analysts predict Innoviva Inc. (INVA) will achieve an average price target of $14.00.
