Invesco Ltd (NYSE: IVZ)’s stock price has gone rise by 1.50 in comparison to its previous close of 16.01, however, the company has experienced a 2.01% increase in its stock price over the last five trading days. fool.com reported 2024-09-16 that The Invesco QQQ has ridden large technology stocks to massive long-term gains. Growth opportunities in end markets like AI and cloud computing remain intact.
Is It Worth Investing in Invesco Ltd (NYSE: IVZ) Right Now?
The 36-month beta value for IVZ is also noteworthy at 1.43. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IVZ is 442.43M, and at present, short sellers hold a 1.76% of that float. The average trading volume of IVZ on September 17, 2024 was 3.76M shares.
IVZ’s Market Performance
IVZ’s stock has seen a 2.01% increase for the week, with a -3.56% drop in the past month and a 11.61% gain in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.24% for Invesco Ltd . The simple moving average for the past 20 days is -1.75% for IVZ’s stock, with a 1.91% simple moving average for the past 200 days.
Analysts’ Opinion of IVZ
Many brokerage firms have already submitted their reports for IVZ stocks, with Wells Fargo repeating the rating for IVZ by listing it as a “Underweight.” The predicted price for IVZ in the upcoming period, according to Wells Fargo is $16 based on the research report published on September 12, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see IVZ reach a price target of $18. The rating they have provided for IVZ stocks is “Equal Weight” according to the report published on August 27th, 2024.
TD Cowen gave a rating of “Outperform” to IVZ, setting the target price at $21 in the report published on January 04th of the current year.
IVZ Trading at -0.55% from the 50-Day Moving Average
After a stumble in the market that brought IVZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.11% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -3.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.91% upper at present.
During the last 5 trading sessions, IVZ rose by +2.01%, which changed the moving average for the period of 200-days by +18.01% in comparison to the 20-day moving average, which settled at $16.51. In addition, Invesco Ltd saw -8.91% 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 IVZ starting from Invesco Realty, Inc., who purchase 796,323 shares at the price of $25.12 back on Oct 02 ’23. After this action, Invesco Realty, Inc. now owns 1,052,487 shares of Invesco Ltd, valued at $20,000,000 using the latest closing price.
Stock Fundamentals for IVZ
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.48 for the gross margin
The net margin for Invesco Ltd stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -0.67, with -0.35 for asset returns.
Based on Invesco Ltd (IVZ), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is -12.17.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 5.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 8.6for trailing twelve months and the total asset turnover is 0.21.
Conclusion
In summary, Invesco Ltd (IVZ) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
