Invitae Corporation [NYSE: NVTA] loss 0.00% or 0.0 points to close at $12.55 with a heavy trading volume of 6574338 shares. The company report on January 10, 2022 that Invitae Reports Preliminary 2021 Revenue of More Than $458 Million and Billable Volume of More Than 1.16 Million.
– 64 percent growth year-over-year in revenues.
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It opened the trading session at $12.32, the shares rose to $12.585 and dropped to $11.545, the range by which the price of stock traded the whole day. The daily chart for NVTA points out that the company has recorded -57.98% loss over the past six months. However, it is still -1.29% lower than its most recent low trading price.
If we look at the average trading volume of 3.42M shares, NVTA reached to a volume of 6574338 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $33.67 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 2.30. 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.
The Benchmark Company have made an estimate for Invitae Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 04, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on June 15, 2021, representing the official price target for Invitae Corporation stock. Previously, the target price had yet another raise to $33, while Goldman analysts kept a Neutral rating on NVTA stock.
The Average True Range (ATR) for Invitae Corporation is set at 1.35, with the Price to Sales ratio for NVTA stock in the period of the last 12 months amounting to 6.73. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 5.33.
Trading performance analysis for NVTA stock
Invitae Corporation [NVTA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.50. With this latest performance, NVTA shares dropped by -23.80% in over the last four-week period, additionally sinking by -57.98% over the last 6 months – not to mention a drop of -72.68% 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 31.43, with the RSI for the last a single of trading hit 27.60, and the three-weeks RSI is set at 33.09 for Invitae Corporation [NVTA]. The present Moving Average for the last 50 days of trading for this stock 18.38, while it was recorded at 13.12 for the last single week of trading, and 27.48 for the last 200 days.
Invitae Corporation [NVTA]: A deeper dive into fundamental analysis
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 8.50 and a Current Ratio set at 8.70.
Invitae Corporation [NVTA]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Invitae Corporation [NVTA]
There are presently around $2,515 million, or 83.50% 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 25,917,886, which is approximately 21.11% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 18,668,323 shares of the stock with an approximate value of $234.29 million in NVTA stocks shares; and NIKKO ASSET MANAGEMENT AMERICAS, INC., currently with $214.91 million in NVTA stock with ownership of nearly 15.214% 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 190 institutional holders increased their position in Invitae Corporation [NYSE:NVTA] by around 23,508,736 shares. Additionally, 163 investors decreased positions by around 11,359,442 shares, while 58 investors held positions by with 165,508,973 shares. The mentioned changes placed institutional holdings at 200,377,151 shares, according to the latest SEC report filing. NVTA stock had 51 new institutional investments in for a total of 6,366,678 shares, while 64 institutional investors sold positions of 6,805,269 shares during the same period.