InnovAge Holding Corp. (NASDAQ:INNV) went up by 5.65% from its latest closing price compared to the recent 1-year high of $27.18. The company’s stock price has collected -10.38% of loss in the last five trading sessions. MarketWatch.com reported on 01/03/22 that CEO who built new model for senior care resigns amid regulatory scrutiny
Is It Worth Investing in InnovAge Holding Corp. (NASDAQ :INNV) Right Now?
InnovAge Holding Corp. (NASDAQ:INNV) scored a price-to-earnings ratio above its average ratio, recording 49.34 x from its present earnings ratio.
INNV currently public float of 18.49M and currently shorts hold a 5.95% ratio of that float. Today, the average trading volume of INNV was 784.05K shares.
INNV’s Market Performance
INNV stocks went down by -10.38% for the week, with a monthly drop of -45.11% and a quarterly performance of -28.96%. The volatility ratio for the week stands at 11.39% while the volatility levels for the past 30 days are set at 12.59% for InnovAge Holding Corp.. The simple moving average for the period of the last 20 days is -29.07% for INNV stocks with a simple moving average of -70.26% for the last 200 days.
Analysts’ Opinion of INNV
Many brokerage firms have already submitted their reports for INNV stocks, with Citigroup repeating the rating for INNV by listing it as a “Neutral.” The predicted price for INNV in the upcoming period, according to Citigroup is $5 based on the research report published on January 10th of the current year 2022.
Goldman, on the other hand, stated in their research note that they expect to see INNV reach a price target of $4, previously predicting the price at $15. The rating they have provided for INNV stocks is “Neutral” according to the report published on December 28th, 2021.
Barclays gave a rating of “Equal Weight” to INNV, setting the target price at $6.50 in the report published on December 27th of the previous year.
INNV Trading at -38.26% from the 50-Day Moving Average
After a stumble in the market that brought INNV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.48% of loss for the given period.
Volatility was left at 12.59%, however, over the last 30 days, the volatility rate increased by 11.39%, as shares sank -45.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.97% lower at present.
During the last 5 trading sessions, INNV fell by -10.38%, which changed the moving average for the period of 200-days by -81.56% in comparison to the 20-day moving average, which settled at $6.14. In addition, InnovAge Holding Corp. saw -10.20% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at INNV starting from DOERR ROBIN, who purchase 1,875 shares at the price of $25.74 back on Mar 15. After this action, DOERR ROBIN now owns 1,875 shares of InnovAge Holding Corp., valued at $48,262 using the latest closing price.
GUTIERREZ BARBARA, the Chief Financial Officer of InnovAge Holding Corp., purchase 2,000 shares at $26.43 during a trade that took place back on Mar 12, which means that GUTIERREZ BARBARA is holding 2,000 shares at $52,860 based on the most recent closing price.
Stock Fundamentals for INNV
Current profitability levels for the company are sitting at:
- +1.37 for the present operating margin
- +25.37 for the gross margin
The net margin for InnovAge Holding Corp. stands at -6.90. The total capital return value is set at 2.28, while invested capital returns managed to touch -12.09. Equity return is now at value 5.50, with 2.70 for asset returns.
Based on InnovAge Holding Corp. (INNV), the company’s capital structure generated 24.66 points at debt to equity in total, while total debt to capital is 19.78. Total debt to assets is 15.34, with long-term debt to equity ratio resting at 22.90. Finally, the long-term debt to capital ratio is 18.37.
When we switch over and look at the enterprise to sales, we see a ratio of 0.69, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 14.83 and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.19.