Identiv Inc (INVE): A Technical Analysis

INVE has 36-month beta value of 1.28. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for INVE is 20.33M, and currently, short sellers hold a 0.91% ratio of that float. The average trading volume of INVE on April 04, 2024 was 63.46K shares.

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INVE) stock’s latest price update

The stock of Identiv Inc (NASDAQ: INVE) has decreased by -18.70 when compared to last closing price of 8.45.Despite this, the company has seen a loss of -8.52% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-12 that Identiv, Inc. (INVE) Q4 2023 Earnings Call Transcript

INVE’s Market Performance

Identiv Inc (INVE) has experienced a -8.52% fall in stock performance for the past week, with a -21.03% drop in the past month, and a -14.23% drop in the past quarter. The volatility ratio for the week is 8.17%, and the volatility levels for the past 30 days are at 7.49% for INVE. The simple moving average for the past 20 days is -12.80% for INVE’s stock, with a -11.79% simple moving average for the past 200 days.

Analysts’ Opinion of INVE

Many brokerage firms have already submitted their reports for INVE stocks, with B. Riley Securities repeating the rating for INVE by listing it as a “Buy.” The predicted price for INVE in the upcoming period, according to B. Riley Securities is $11 based on the research report published on June 26, 2023 of the previous year 2023.

B. Riley Securities gave a rating of “Neutral” to INVE, setting the target price at $12 in the report published on November 03rd of the previous year.

INVE Trading at -14.65% from the 50-Day Moving Average

After a stumble in the market that brought INVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.81% of loss for the given period.

Volatility was left at 7.49%, however, over the last 30 days, the volatility rate increased by 8.17%, as shares sank -21.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.04% lower at present.

During the last 5 trading sessions, INVE fell by -8.52%, which changed the moving average for the period of 200-days by -6.40% in comparison to the 20-day moving average, which settled at $7.79. In addition, Identiv Inc saw -16.63% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at INVE starting from HUMPHREYS STEVEN, who purchase 5,000 shares at the price of $6.93 back on May 15 ’23. After this action, HUMPHREYS STEVEN now owns 149,215 shares of Identiv Inc, valued at $34,650 using the latest closing price.

HUMPHREYS STEVEN, the CEO of Identiv Inc, purchase 5,000 shares at $6.94 during a trade that took place back on May 11 ’23, which means that HUMPHREYS STEVEN is holding 144,215 shares at $34,724 based on the most recent closing price.

Stock Fundamentals for INVE

Current profitability levels for the company are sitting at:

  • -0.04 for the present operating margin
  • 0.36 for the gross margin

The net margin for Identiv Inc stands at -0.05. The total capital return value is set at -0.06. Equity return is now at value -7.33, with -5.01 for asset returns.

Based on Identiv Inc (INVE), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is -11.05.

Currently, EBITDA for the company is -1.61 million with net debt to EBITDA at 2.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 5.3for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.

Conclusion

To put it simply, Identiv Inc (INVE) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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