Innoviva Inc [INVA] stock is trading at $19.50, down -0.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INVA shares have gain 2.96% over the last week, with a monthly amount drifted -0.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Goldman started tracking the stock with Neutral rating on July 20, 2022, and set its price target to $16. On November 20, 2017, Deutsche Bank initiated with a Hold rating and assigned a price target of $13 on the stock.
Innoviva Inc [INVA] stock has fluctuated between $12.22 and $20.19 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 $19.50 at the most recent close of the market. An investor can expect a potential drop of -33.33% based on the average INVA price forecast.
Analyzing the INVA fundamentals
Innoviva Inc [NASDAQ:INVA] reported sales of 344.30M for the trailing twelve months, which represents a growth of 22.39%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.43%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.22 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 19.31 points at the first support level, and at 19.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.70, and for the 2nd resistance point, it is at 19.89.
Ratios To Look Out For
For context, Innoviva Inc’s Current Ratio is 12.70. Further, the Quick Ratio stands at 11.40, while the Cash Ratio is 7.69. Considering the valuation of this stock, the price to sales ratio is 3.54, the price to book ratio is 1.83 and price to earnings (TTM) ratio is 11.80.
Transactions by insiders
Recent insider trading involved Zhen Marianne, Chief Accounting Officer, that happened on Nov 15 ’23 when 10994.0 shares were sold.
