At the time of writing, Innoviva Inc [INVA] stock is trading at $17.90, down -0.72%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INVA shares have lost -0.72% over the last week, with a monthly amount drifted -5.69%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Innoviva Inc fluctuated between $14.32 and $21.28. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Innoviva Inc [NASDAQ: INVA] shares were valued at $17.90 at the most recent close of the market. An investor can expect a potential drop of -27.37% based on the average INVA price forecast.
Analyzing the INVA fundamentals
According to Innoviva Inc [NASDAQ:INVA], the company’s sales were 366.55M for trailing twelve months, which represents an 31.46% jump. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.51%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 17.77 points at the first support level, and at 17.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.06, and for the 2nd resistance point, it is at 18.22.
Ratios To Look Out For
It is important to note that Innoviva Inc [NASDAQ:INVA] has a current ratio of 1.79. As well, the Quick Ratio is 1.64, while the Cash Ratio is 5.61. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 26.03.
