Innoviva Inc [NASDAQ: INVA] closed the trading session at $17.39.
The stocks have a year to date performance of 0.23 percent and weekly performance of -1.14 percent. The stock has been moved at -10.73 percent over the last six months. The stock has performed -3.71 percent around the most recent 30 days and changed -9.29 percent over the most recent 3-months.
If compared to the average trading volume of 662.83K shares, INVA reached to a volume of 3274780 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Innoviva Inc [INVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INVA shares is $37.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INVA stock is a recommendation set at 2.00. 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.
Scotiabank have made an estimate for Innoviva Inc shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on March 07, 2025. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on June 18, 2024, representing the official price target for Innoviva Inc stock. Previously, the target price had yet another raise to $16, while Goldman analysts kept a Neutral rating on INVA stock.
The Average True Range (ATR) for Innoviva Inc is set at 0.38, with the Price to Sales ratio for INVA stock in the period of the last 12 months amounting to 2.93. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 6.58. Price to Free Cash Flow for INVA in the course of the last twelve months was 5.78 with Quick ratio for the last quarter at 2.21.
INVA stock trade performance evaluation
Innoviva Inc [INVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.14. With this latest performance, INVA shares dropped by -3.71% in over the last four-week period, additionally sinking by -10.73% over the last 6 months – not to mention a rise of 17.58% 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 INVA stock in for the last two-week period is set at 36.25, with the RSI for the last a single of trading hit 33.53, and the three-weeks RSI is set at 38.47 for Innoviva Inc [INVA]. The present Moving Average for the last 50 days of trading for this stock 18.00, while it was recorded at 17.51 for the last single week of trading, and 18.28 for the last 200 days.
Innoviva Inc [INVA]: An insightful look at the core fundamentals
Innoviva Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.21 and a Current Ratio set at 2.35.
Earnings per share (EPS) analysis for Innoviva Inc [INVA] stock
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 INVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Innoviva Inc go to 70.95%.
Innoviva Inc [INVA]: Institutional Ownership
There are presently around $112.47%, or 113.68%% of INVA stock, in the hands of institutional investors. The top three institutional holders of INVA stocks are: BLACKROCK INC. with ownership of 9.63 million shares, which is approximately 15.4006%. SARISSA CAPITAL MANAGEMENT LP, holding 7.28 million shares of the stock with an approximate value of $$119.34 million in INVA stocks shares; and SARISSA CAPITAL MANAGEMENT LP, currently with $$108.52 million in INVA stock with ownership which is approximately 10.5834%.
