Invitae Corporation (NYSE:NVTA) finished Thursday with a subtraction of -$0.14 to close at $0.87, a downside of -14.35 percent. An average of 11,073,021 shares of common stock have been traded in the last five days. There was a fall of -$0.2349 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 8,251,990 shares traded, while the 50-day average volume stands at 7,848,870.
NVTA stock has decreased by -39.92% in the last month. The company shares reached their 1-month lowest point of $0.7910 on 08/24/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $1.00 and a high of $4.20 in 52 weeks. It has reached a new high 9 times so far this year and lost -53.49% or -$0.9949 in price. In spite of this, the price is down -79.40% from the 52-week high.
Insider Transactions
NVTA stock investors should be aware that Invitae Corporation (NVTA) stock had its last reported insider trading activity 73 days ago on Jun 13. In this transaction, the insider spent $9,757., Brida Thomas, disposed of 7,079 shares at a price of $1.38 on Jun 13. The insider now owns more than $9,748 worth of shares. Prior to that, Chief Financial Officer Wen Yafei went on to Sale 43,452 shares at $1.99 each on May 16. An amount of $86,600 was transacted.
Valuation Metrics
Invitae Corporation (NVTA) stock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.48.
Financial Health
The quick ratio of Invitae Corporation for the three months ended June 29 was 2.80, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Invitae Corporation’s EBITDA margin for the year ending June 29 is -107.92%. Its gross profit as reported stood at $99.05 million compared to revenue of $516.3 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$206.51 million in the quarter, while revenues of -$192.18 million were shrunk -1121.96%. The analyst consensus anticipated Invitae Corporation’s latest quarter earnings to come in at -$0.37 per share, but it turned out to be -$0.3, a 18.90% surprise. For the quarter, EBITDA amounted to -$193.54 million. Shareholders own equity worth $267.01 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 24 August was 23.72%, suggesting the stock is oversold, with historical volatility in this time frame at 94.35%.
As of today, NVTA’s price is $1.0130 -21.35% or -$0.2349 from its 5-day moving average. NVTA is currently trading -34.46% lower than its 20-day SMA and -35.92% lower than its 100-day SMA. However, the stock’s current price level is -39.08% below the SMA50 and -64.83% below the SMA200.
The stochastic %K and %D were 11.05% and 11.53%, respectively, and the average true range (ATR) was 0.0993. With the 14-day stochastic at 16.14% and the average true range at 0.1021, the RSI (14) stands at 31.05%. The stock has reached -0.0600 on the 9-day MACD Oscillator while the 14-day reading was at -0.0906.
Analyst Ratings
The consensus rating for Invitae Corporation (NVTA) among analysts is Underweight. According to current brokerage recommendations, 5 brokerage firms advise that investors sell NVTA, while 6 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 $0.50 and $4.00, with a median target of $1.25. Taking a look at these predictions, the average price target given by analysts for Invitae Corporation (NVTA) stock is $1.70.
