Innoviva Inc (NASDAQ: INVA) has a price-to-earnings ratio of 8.17x that is above its average ratio. Additionally, the 36-month beta value for INVA is 0.57. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 2 rating it as “sell.”
The public float for INVA is 61.73M and currently, short sellers hold a 18.32% ratio of that float. The average trading volume of INVA on July 26, 2024 was 528.03K shares.
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INVA) stock’s latest price update
The stock price of Innoviva Inc (NASDAQ: INVA) has surged by 2.94 when compared to previous closing price of 17.67, but the company has seen a 6.31% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-07-09 that Everything is expensive these days including stocks. Amid a raging bull market, it is tough to find affordable stocks to buy.
INVA’s Market Performance
INVA’s stock has risen by 6.31% in the past week, with a monthly rise of 12.70% and a quarterly rise of 19.99%. The volatility ratio for the week is 2.35% while the volatility levels for the last 30 days are 2.13% for Innoviva Inc The simple moving average for the past 20 days is 8.05% for INVA’s stock, with a 19.20% simple moving average for the past 200 days.
Analysts’ Opinion of INVA
Goldman, on the other hand, stated in their research note that they expect to see INVA reach a price target of $16. The rating they have provided for INVA stocks is “Neutral” according to the report published on July 20th, 2022.
Deutsche Bank gave a rating of “Hold” to INVA, setting the target price at $13 in the report published on November 20th of the previous year.
INVA Trading at 11.56% from the 50-Day Moving Average
After a stumble in the market that brought INVA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.17% of gains for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +11.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.35% upper at present.
During the last 5 trading sessions, INVA rose by +6.31%, which changed the moving average for the period of 200-days by +36.25% in comparison to the 20-day moving average, which settled at $16.93. In addition, Innoviva Inc saw 13.40% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INVA starting from Zhen Marianne, who sale 10,994 shares at the price of $13.99 back on Nov 15 ’23. After this action, Zhen Marianne now owns 40,158 shares of Innoviva Inc, valued at $153,810 using the latest closing price.
Stock Fundamentals for INVA
Current profitability levels for the company are sitting at:
- 0.51 for the present operating margin
- 0.8 for the gross margin
The net margin for Innoviva Inc stands at 0.57. The total capital return value is set at 0.13. Equity return is now at value 28.67, with 15.13 for asset returns.
Based on Innoviva Inc (INVA), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 7.96.
Currently, EBITDA for the company is 149.59 million with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 4.42. The receivables turnover for the company is 4.19for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.42.
Conclusion
In conclusion, Innoviva Inc (INVA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
