Invitae Corporation (NYSE:NVTA) saw a downside of -0.93% to close Monday at $1.06 after subtracting -$0.01 on the day. The 5-day average trading volume is 6,332,360 shares of the company’s common stock. It has gained $1.1350 in the past week and touched a new high 2 times within the past 5 days. An average of 6,890,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,469,564.
NVTA’s 1-month performance is -21.48% or -$0.2900 on its low of $1.0200 reached on 08/17/23. The company’s shares have touched a 52-week low of $1.02 and high of $4.20, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, NVTA has lost -43.01% or -$0.8000 and has reached a new high 9 times. However, the current price is down -74.76% from the 52-week high price.
Insider Transactions
NVTA stock investors last saw insider trading activity on Jun 13.Nussbaum Robert L (Chief Medical Officer) most recently sold 7,086 shares at $1.38 per share on Jun 13. This transaction cost the insider $9,757., Brida Thomas, sold 7,079 shares at a price of $1.38 on Jun 13. Then, on May 16, Chief Financial Officer Wen Yafei sold 43,452 shares at a price of $1.99 per share. This transaction amounted to $86,600.
Valuation Metrics
NVTA stock has a beta of 1.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.59.
Invitae Corporation’s quick ratio for the period ended June 29 was 2.80, with the current ratio over the same period at 3.00. In terms of profitability, the gross margin trailing 12 months is 21.90%. The trailing 12-month EBITDA margin is -107.92%. The firm’s gross profit as reported stood at $99.05 million against revenue of $516.3 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1121.96% to -$206.51 million, while revenue of -$192.18 million was 6.94% off the previous quarter. Analysts expected NVTA to announce -$0.37 per share in earnings in its latest quarter, but it posted -$0.3, representing a 18.90% surprise. EBITDA for the quarter stood at more than -$193.54 million. NVTA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.72 billion, with total debt at $1.58 billion. Shareholders hold equity totaling $267.01 million.
Let’s look briefly at Invitae Corporation (NVTA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 39.14% to suggest the stock is trending Neutral, with historical volatility in this time period at 69.18%.
The stock’s 5-day moving average is $1.0600, reflecting a -4.50% or -$0.0500 change from its current price. NVTA is currently trading -16.54% above its 20-day SMA, -11.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.67% and SMA200 by-62.94%.
Stochastic %K and %D was 14.46% and 13.24% and the average true range (ATR) pointed at 0.0894. The RSI (14) points at 41.53%, while the 14-day stochastic is at 13.79% with the period’s ATR at 0.0976. The stock’s 9-day MACD Oscillator is pointing at 0.0033 and -0.0469 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for NVTA stock have a consensus rating for the stock as Underweight. Currently, 5 brokerage advisors rate NVTA as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is NVTA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.50 and a high of $4.00, with their median price target at $1.25. Looking at these predictions, the average price target given by analysts is for Invitae Corporation (NVTA) stock is $1.70.
