Invitae Corp (NYSE:NVTA) finished Thursday with a subtraction of -$0.02 to close at $0.61, a downside of -3.17 percent. An average of 9,826,880 shares of common stock have been traded in the last five days. There was a fall of -$0.0907 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 10,949,125 shares traded, while the 50-day average volume stands at 10,725,378.
NVTA stock has decreased by -34.25% in the last month. The company shares reached their 1-month lowest point of $0.6003 on 09/28/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $0.62 and a high of $3.78 in 52 weeks. It has reached a new high 9 times so far this year and lost -67.34% or -$1.2525 in price. In spite of this, the price is down -83.91% from the 52-week high.
Insider Transactions
NVTA stock investors should be aware that Invitae Corp (NVTA) stock had its last reported insider trading activity 108 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 Corp (NVTA) stock’s beta is 1.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.33.
Financial Health
The quick ratio of Invitae Corp for the three months ended June 29 was 2.83, and the current ratio was 2.97, indicating that the company is able to meet its debt obligations. Invitae Corp’s EBITDA margin for the year ending June 29 is -107.92%, while its operating margin for the same period stands at -113.39%. 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 Corp’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 Corp (NVTA) price momentum. RSI 9-day as of the close on 28 September was 19.37%, suggesting the stock is oversold, with historical volatility in this time frame at 21.08%.
As of today, NVTA’s price is $0.6375 -12.99% or -$0.0907 from its 5-day moving average. NVTA is currently trading -38.40% lower than its 20-day SMA and -60.55% lower than its 100-day SMA. However, the stock’s current price level is -60.29% below the SMA50 and -74.15% below the SMA200.
The stochastic %K and %D were 2.24% and 3.63%, respectively, and the average true range (ATR) was 0.0588. With the 14-day stochastic at 2.36% and the average true range at 0.0674, the RSI (14) stands at 26.18%. The stock has reached -0.0623 on the 9-day MACD Oscillator while the 14-day reading was at -0.1139.
