InnovAge Holding Corp (NASDAQ: INNV) has experienced a rise in its stock price by 5.90 compared to its previous closing price of 3.73. However, the company has seen a gain of 6.76% in its stock price over the last five trading days. globenewswire.com reported 2025-01-21 that DENVER, Jan. 21, 2025 (GLOBE NEWSWIRE) — InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced it will release its 2025 fiscal second quarter financial results on Tuesday, February 4, 2025, after market close. In conjunction, the Company will host a conference call to review the results at 5 p.m.
Is It Worth Investing in InnovAge Holding Corp (NASDAQ: INNV) Right Now?
INNV has 36-month beta value of 0.36. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for INNV is 20.95M, and currently, short sellers hold a 1.36% ratio of that float. The average trading volume of INNV on January 31, 2025 was 60.98K shares.
INNV’s Market Performance
The stock of InnovAge Holding Corp (INNV) has seen a 6.76% increase in the past week, with a 0.77% rise in the past month, and a -32.48% fall in the past quarter. The volatility ratio for the week is 4.89%, and the volatility levels for the past 30 days are at 6.26% for INNV. The simple moving average for the past 20 days is 5.19% for INNV’s stock, with a -22.05% simple moving average for the past 200 days.
Analysts’ Opinion of INNV
Many brokerage firms have already submitted their reports for INNV stocks, with JP Morgan repeating the rating for INNV by listing it as a “Underweight.” The predicted price for INNV in the upcoming period, according to JP Morgan is $5 based on the research report published on December 17, 2024 of the previous year 2024.
Robert W. Baird gave a rating of “Neutral” to INNV, setting the target price at $5 in the report published on May 16th of the previous year.
INNV Trading at -6.50% 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 -40.96% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 4.89%. Over the last 50 days, in opposition, the stock is trading -25.47% lower at present.
During the last 5 trading sessions, INNV rose by +6.76%, which changed the moving average for the period of 200-days by +1.02% in comparison to the 20-day moving average, which settled at $3.76. In addition, InnovAge Holding Corp saw 0.51% 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 INNV starting from DAMATO NICOLE, who sale 1,660 shares at the price of $6.54 back on Nov 06 ’24. After this action, DAMATO NICOLE now owns 231,614 shares of InnovAge Holding Corp, valued at $10,856 using the latest closing price.
DAMATO NICOLE, the Chief Legal Officer of InnovAge Holding Corp, sale 7,521 shares at $6.00 during a trade that took place back on Sep 17 ’24, which means that DAMATO NICOLE is holding 233,274 shares at $45,126 based on the most recent closing price.
Stock Fundamentals for INNV
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.17 for the gross margin
The net margin for InnovAge Holding Corp stands at -0.02. The total capital return value is set at -0.04. Equity return is now at value -5.82, with -2.97 for asset returns.
Based on InnovAge Holding Corp (INNV), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -3.52.
Currently, EBITDA for the company is 1.15 million with net debt to EBITDA at 8.54. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 15.71for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To put it simply, InnovAge Holding Corp (INNV) has had a mixed performance in recent times. Analysts have a mixed 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.
