Invitae Corporation [NYSE: NVTA] stock went on an upward path that rose over 11.74% on Tuesday, amounting to a one-week price decrease of less than -7.55%. The company report on March 4, 2021 that Invitae to Present at the Oppenheimer 31st Annual Healthcare Conference.
Invitae Corporation (NYSE: NVTA), a leading medical genetics company, announced that members of its management team will present at the Oppenheimer 31st Annual Healthcare Conference on Tuesday, March 16, 2021 at 10:40 a.m. Eastern / 7:40 a.m. Pacific.
The live webcast of the fireside chat may be accessed by visiting the investors section of the company website at ir.invitae.com. A replay of the webcast will be available shortly after the conclusion of the fireside chat.
Over the last 12 months, NVTA stock rose by 132.99%. The one-year Invitae Corporation stock forecast points to a potential upside of 28.86. The average equity rating for NVTA stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.06 billion, with 190.63 million shares outstanding and 164.52 million shares in the current float. Compared to the average trading volume of 4.81M shares, NVTA stock reached a trading volume of 10713931 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Invitae Corporation [NVTA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVTA shares is $54.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVTA stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Ladenburg Thalmann have made an estimate for Invitae Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 18, 2021. The new note on the price target was released on February 01, 2021, representing the official price target for Invitae Corporation stock.
The Average True Range (ATR) for Invitae Corporation is set at 4.19, with the Price to Sales ratio for NVTA stock in the period of the last 12 months amounting to 28.81. The Price to Book ratio for the last quarter was 12.37, with the Price to Cash per share for the same quarter was set at 1.74.
NVTA Stock Performance Analysis:
Invitae Corporation [NVTA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.55. With this latest performance, NVTA shares dropped by -21.85% in over the last four-week period, additionally plugging by 20.92% over the last 6 months – not to mention a rise of 132.99% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVTA stock in for the last two-week period is set at 41.08, with the RSI for the last a single of trading hit 42.13, and the three-weeks RSI is set at 41.99 for Invitae Corporation [NVTA]. The present Moving Average for the last 50 days of trading for this stock 47.35, while it was recorded at 36.56 for the last single week of trading, and 39.65 for the last 200 days.
Insight into Invitae Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Invitae Corporation [NVTA] shares currently have an operating margin of -225.17 and a Gross Margin at +27.41. Invitae Corporation’s Net Margin is presently recorded at -215.37.
Return on Total Capital for NVTA is now -40.29, given the latest momentum, and Return on Invested Capital for the company is -38.75. Return on Equity for this stock declined to -51.12, with Return on Assets sitting at -28.59. When it comes to the capital structure of this company, Invitae Corporation [NVTA] has a Total Debt to Total Equity ratio set at 22.78. Additionally, NVTA Total Debt to Total Capital is recorded at 18.55, with Total Debt to Total Assets ending up at 13.12. Long-Term Debt to Equity for the company is recorded at 22.25, with the Long-Term Debt to Total Capital now at 18.12.
Reflecting on the efficiency of the workforce at the company, Invitae Corporation [NVTA] managed to generate an average of -$286,748 per employee. Receivables Turnover for the company is 6.97 with a Total Asset Turnover recorded at a value of 0.13.Invitae Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 4.10.
NVTA Stock EPS
With the latest financial reports released by the company, Invitae Corporation posted -0.8/share EPS, while the average EPS was predicted by analysts to be reported at -0.83/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVTA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Invitae Corporation go to 8.00%.
Invitae Corporation [NVTA] Insider Position Details
There are presently around $6,730 million, or 82.80% of NVTA stock, in the hands of institutional investors. The top three institutional holders of NVTA stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 27,001,138, which is approximately -2.715% of the company’s market cap and around 1.00% of the total institutional ownership; BAKER BROS. ADVISORS LP, holding 15,649,182 shares of the stock with an approximate value of $607.81 million in NVTA stocks shares; and VANGUARD GROUP INC, currently with $581.24 million in NVTA stock with ownership of nearly 68.003% of the company’s market capitalization.
Positions in Invitae Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 239 institutional holders increased their position in Invitae Corporation [NYSE:NVTA] by around 40,147,440 shares. Additionally, 108 investors decreased positions by around 7,467,942 shares, while 36 investors held positions by with 125,653,828 shares. The mentioned changes placed institutional holdings at 173,269,210 shares, according to the latest SEC report filing. NVTA stock had 100 new institutional investments in for a total of 10,754,834 shares, while 34 institutional investors sold positions of 3,054,969 shares during the same period.