Innoviva Inc [INVA] stock is trading at $14.95, up 1.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INVA shares have gain 2.19% over the last week, with a monthly amount glided 1.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Innoviva Inc [NASDAQ: INVA] stock has seen the most recent analyst activity on July 20, 2022, when Goldman initiated its Neutral rating and assigned the stock a price target of $16. Previously, Deutsche Bank started tracking the stock with Hold rating on November 20, 2017, and set its price target to $13.
Innoviva Inc [INVA] stock has fluctuated between $11.32 and $16.86 over the past year. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Innoviva Inc [NASDAQ: INVA] shares were valued at $14.95 at the most recent close of the market. An investor can expect a potential drop of -13.04% based on the average INVA price forecast.
Analyzing the INVA fundamentals
Innoviva Inc [NASDAQ:INVA] reported sales of 324.26M for the trailing twelve months, which represents a growth of 28.90%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.59%, Pretax Profit Margin comes in at 0.62%, and Net Profit Margin reading is 0.57%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.3 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.75 points at the first support level, and at 14.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.08, and for the 2nd resistance point, it is at 15.21.
Ratios To Look Out For
For context, Innoviva Inc’s Current Ratio is 9.03. As well, the Quick Ratio is 7.96, while the Cash Ratio is 5.07. Considering the valuation of this stock, the price to sales ratio is 2.92, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 6.85.
Transactions by insiders
Recent insider trading involved Zhen Marianne, Chief Accounting Officer, that happened on Nov 15 ’23 when 10994.0 shares were sold. 10% Owner, DENNER ALEXANDER J completed a deal on Jun 06 ’23 to buy 8000.0 shares. Meanwhile, 10% Owner DENNER ALEXANDER J bought 7000.0 shares on Jun 05 ’23.
