Invivyd Inc [NASDAQ: IVVD] traded at a high on Tuesday, posting a 2.76 gain after which it closed the day’ session at $0.86.
The results of the trading session contributed to over 7307160 shares changing hands. Over the past one week, the price volatility of Invivyd Inc stands at 25.68% while the volatility over the past one month is 14.51%.
The market cap for IVVD stock reached $103.27 million, with 119.84 million shares outstanding and 75.94 million shares in the current float. Compared to the average trading volume of 3.25M shares, IVVD reached a trading volume of 7307160 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Invivyd Inc [IVVD]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IVVD shares is $6.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IVVD stock is a recommendation set at 1.67. 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.
Guggenheim have made an estimate for Invivyd Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 05, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $4 to $10. The new note on the price target was released on March 26, 2024, representing the official price target for Invivyd Inc stock. Previously, the target price had yet another raise from $1 to $4, while Morgan Stanley kept a Equal-Weight rating on IVVD stock.
The Average True Range (ATR) for Invivyd Inc is set at 0.11, with the Price to Sales ratio for IVVD stock in the period of the last 12 months amounting to 4.07. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 0.58.
How has IVVD stock performed recently?
Invivyd Inc [IVVD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 62.86. With this latest performance, IVVD shares gained by 56.81% in over the last four-week period, additionally sinking by -13.91% over the last 6 months – not to mention a drop of -64.43% 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 IVVD stock in for the last two-week period is set at 67.69, with the RSI for the last a single of trading hit 76.97, and the three-weeks RSI is set at 60.28 for Invivyd Inc [IVVD]. The present Moving Average for the last 50 days of trading for this stock 0.6735, while it was recorded at 0.7040 for the last single week of trading, and 0.8455 for the last 200 days.
Invivyd Inc [IVVD]: Deeper insight into the fundamentals
Invivyd Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.62 and a Current Ratio set at 1.62.
Insider trade positions for Invivyd Inc [IVVD]
There are presently around $68.35%, or 116.21%% of IVVD stock, in the hands of institutional investors. The top three institutional holders of IVVD stocks are: MAVERICK CAPITAL LTD with ownership of 11.77 million shares, which is approximately 10.1764%. DEEP TRACK CAPITAL, LP, holding 10.95 million shares of the stock with an approximate value of $$12.05 million in IVVD stocks shares; and DEEP TRACK CAPITAL, LP, currently with $$10.17 million in IVVD stock with ownership which is approximately 7.999%.
